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What type of insurance does a home-based business need? May 27th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... More »
House hunting regrets + MORE Oct 26th
Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mor.... More »
Understanding Health Care Spending Accounts (HCSAs) Mar 25th
In Canada, Health Care Spending Accounts (HCSAs) have become a popular benefit offered by many employers. These accounts offer employees a flexible, tax-efficient way to manage health-related expenses such as dental, prescription drug and paramedical costs.
Let’s discuss what HCSAs are, how t.... More »
Saskatchewan Government Insurance hits the gas on driver licence fees + MORE Dec 21st
REGINA _ Road test fees are more than doubling for people looking to get their driver’s licence in Saskatchewan.
Saskatchewan Government Insurance says the road test for a class 1, 2 or 3 licence _ which includes trucks with more than two axles and semi-trailers _ will cost $100, up from $40.
.... More »
Should you transfer property to a child and then rent it from them? Jul 27th
I would like to know if transferring our home into our daughter’s name—can we stay and pay rent and get a rental home credit? Is it valid?—Satyesh
Tax credits when renting property from a family member
There is a lot to unpack with your question, Satyesh, but I will address your direct q.... More »
GM Canada wrong to cut retirees’ benefits, court rules
– thestar.com
General Motors Canada broke an agreement with some of its retired workers when it slashed health care and life insurance benefits, an Ontario court ruled Wednesday.My Not So Pleasant Home Insurance Renewal
– ratesupermarket.ca
When I received my home insurance renewal letter in the mail last month, I was upset to say the least. I’ve lived in my house for less than a year, but my home insurance premiums have skyrocketed by nearly 23 per cent! I could understand a five per cent increase, but a double-digit hike seems unwarranted and downright excessive. This prompted me to do some digging and find out why my premiums had ballooned by so much, and to see if I could find a better deal elsewhere.
My Current Home Insurance Provider
I was more than happy with my current home insurance provider (until I received my renewal letter), so I decided to give them a second chance. I phoned them for an explanation about why my premiums had increased by so much. The customer service representative explained my premiums went up due to an increase in the replacement cost of my house and the prevalence of natural disasters. When I did the math, I discovered my home’s replacement cost had increased 13 per cent year-over-year…
