When should you sell a used car? + MORE Mar 29th

Even before that unmistakable new-car smell disappears, a new car has become a depreciating asset—it’s no longer worth what you paid for it, and it will keep losing value over time. Huge downer, right? While you can’t avoid car depreciation, you can reduce how much value your new ride loses. You can even start thinking about depreciation before you buy a car. We’ll explain how, as well as the best time to sell a used car and how to get the best price for it.

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What is car depreciation?

Car depreciation is the difference between a vehicle’s purchase price and its resale value. Unless the car is a collector’s item—say, a classic car—its resale value will decline over time. (A car’s value can go up, but this is very, very rare. Remember the pandemic-related car shortage of 2021?!)

Understanding how fast a vehicle depreciates and why can help you pick one that’s more likely to retain value over time…

Fraudulent schemes are pushing up premiums in Ontario and are also tricky for drivers to spot, according to a poll by the Financial Services Regulatory Authority.

Life insurance highlights
Life insurance is a contract between you and an insurance provider that protects your dependents financially in the event of your death. There are a number of different life insurance policies in Canada, and each has its own function and features. These include term life insurance, whole life insurance and universal life insurance.To be fully protected financially from unexpected life events, you may also need home insurance, auto insurance and disability insurance.

Twenty-two million Canadians have life insurance, according to the Canadian Life and Health Insurance Association (CLHIA). But not everyone is confident about what life insurance is, how much it costs, or how to find the best life insurance in Canada. That’s why we’re breaking it all down here.

In this guide, we’ll cover:
What is life insurance? How does it work?Do you need life insurance?How much life insurance do you need?What are the different types of life insurance? How do they compare How much does life insurance cost in Canada?Life insurance “extras”: Some add-ons and riders to consider How to find the best life insurance in CanadaIs life insurance taxable?When should I get life insurance?Why should I shop for life insurance online?Do I need life insurance if I already have mortgage insurance from my bank?Do I really need to do a health exam to get life insurance?

Frequently asked questions about life insurance

What is life insurance? How does it work?

You likely know the gist of life insurance…