How to go about securing the best policy for your insurance in Canada.
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Canada’s Best Travel Credit Cards 2019 May 23rd
With a good travel credit card, travel suddenly becomes affordable. And it helps if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks like companion flights, amazing insurance coverage and flexibility with transferring points between cards.
Wh.... More »
Expect a lower Loonie, steady interest rates, rising house prices in 2014 Dec 1st
The Loonie will fall: Goldman Sachs
Researchers at the U.S. investment firm expect the Canadian dollar to hit 88 cents USD in 2014 as our trade deficit grows, according to media reports. That, coupled with the rebound in the U.S. economy, could lead investors to short the loonie in favour of the gre.... More »
How Much Life Insurance is Enough? + MORE Mar 11th
A commonly asked question regarding life insurance is “how much life insurance is enough?”
Simply put: the amount of coverage needed depends on the amount of debt and income loss the plan has to cover. This is determined by the total assets that can be allocated subtracted from the amoun.... More »
The best credit cards for seniors + MORE Oct 31st
What are the best credit card for seniors in Canada? That was a question we recently received from a reader, and while credit cards are more about an individual’s unique spending habits and the benefits they find most useful in a credit card than age, we still thought we should help. With this in .... More »
CMHC Axes Second Home and Self Employed Mortgages + MORE Apr 28th
Late last Friday, April 25, the Canadian Mortgage and Housing Corporation rolled out the latest changes to impact home buyers – the discontinuation of Second Home and Self-Employed Without Third Party Validation mortgage insurance products. These insurance types will no longer be available to.... More »
Life Insurance for Scuba Divers
– life-insurance-quotes.ca
Millions of people around the world enjoy scuba diving. There is fresh water diving, ocean diving and other activities like diving in caves and around old ship wrecks. Read on to find out how the risks involved with scuba diving will be looked at by underwriters, as well as their most likely decisions.
Don’t get caught retired and broke
– moneysense.ca
In my research I have found one age group that is at much greater financial risk than others. It’s the age 55 to 64 group—both male and female. The risks for this group are almost always health related. Most Canadians greatly underestimate health risks. Individuals in this age group who have had to stop working due to health issues are not eligible for many retirement benefits until they reach age 65. In this corridor leading to retirement there are increasing expenses such as prescription medications and health aids, but often there is little or no insurance available. Until the individual reaches age 65 they find it necessary to tap into their savings or take on more debt. Even upon reaching age 65, some continue with financial challenges.
Three key factors for financial security later in life:
Three key factors for financial security later in life:
Be financially literate. This does not mean becoming an expert in everything. Make it a personal policy to not sign anything if you do not understand the full implications of it. Keep asking questions and doing research until you are satisfied…
Worst pension funds
– moneysense.ca
Canadian-owned bond rating agency DBRS has listed the its top 20 worst funded Canadian pension funds as of the end of 2012. The list includes Ontario Power Generation, Air Canada, Hydro-Quebec, Bombardier, Imperial Oil, all with billion dollar plus deficits. Employees at Pembina Pipeline, Tormont Industries, Norbord, Husky Energy and Surperior Plus Income on the hand can feel confident their pension plans are actually running multimillion dollar surpluses.
The MoneySense Beginner’s Guide to Personal Finance hit digital newsstands today. The eBook has everything you need to know the real world of money including tips on saving, debt, mortgages, car-buying, insurance and taxes. It’s the perfect gift for recent graduates. Check out the iTunes, Amazon and Kobo online stores to buy a copy. Or try your luck by entering our contest below to win a free iTunes copy.
The MoneySense Beginner’s Guide to Personal Finance hit digital newsstands today. The eBook has everything you need to know the real world of money including tips on saving, debt, mortgages, car-buying, insurance and taxes. It’s the perfect gift for recent graduates. Check out the iTunes, Amazon and Kobo online stores to buy a copy. Or try your luck by entering our contest below to win a free iTunes copy.
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