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Making sense of the markets this week: April 2, 2023 Apr 2nd
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Freeland fires again at Canadian Banks
There are several big-picture looks at the important aspects of the Canadian federal budget .... More »
5 questions you have about the housing market Jul 29th
(Getty Images / Dimitri Otis)
Markets are frothy. Emotions are high. Yet, all you really want is to know whether or not the single largest investment you made will avoid a price crash and continue to add substantial value to your net worth statement. To help, here are five answers to questions you m.... More »
Trudeau pledges to expand compassionate care benefit Aug 23rd
ESQUIMALT, B.C. — Liberal Leader Justin Trudeau is promising to lower the government’s eligibility requirements for Canadians needing help to care for a sick loved one.
If elected, Trudeau says a Liberal government would invest $190 million to expand the compassionate care benefit and ma.... More »
Ensure you’re insured: Vaz-Oxlade Feb 12th
What’s the difference between term and permanent life insurance?.... More »
An ode to the Canada Savings Bond + MORE Mar 23rd
In the 1980s you could have put your money into a Canada Savings Bond (CSB) and reasonably expected to walk away with a tidy return a decade later. If you did the same with a CSB today you’d be lucky if your money keeps up with inflation.
It’s of little surprise then that the Federal .... More »
How You Can Prevent Travel Emergencies
– ratesupermarket.ca
The ideal vacation goes off without a hitch – with nary a medical concern on the horizon. There’s nothing worse than falling ill or injured while on a trip. Unfortunately, problems when travelling are common enough – and they can happen to you too. If disaster struck on your vacation, would you know how to react? Here are some key steps to take in a worst case scenario.
Keep Up To Date
Conflicts, natural disasters and other concerns can lead to worries about unsafe travel to foreign destinations. Keep yourself informed as you plan your trip via the Government of Canada’s travel web site. FYI, many travel insurance companies will void your policy if you travel to a country under a travel advisory.
Read The Fine Print
Look over all your travel documents in advance to be sure you know the limits of your travel insurance, your flights (some can be changed, some cannot) and your hotel and transportation reservations. If something happens, you may need to change your plans and use things such as trip cancellation insurance…
Don’t Be Misled By Travel Insurance Myths
– ratesupermarket.ca
A still strong Canadian dollar means more families are likely to choose U.S. destinations for their winter vacations this year.
The chances are good, however, that most of those crossing the border won’t have adequate travel insurance, maintains Milan Korcok, editor of the Travel Insurance File.
Too many travellers rationalize their way out of buying travel insurance by touting how healthy they are, how small a risk they run by just staying out of the country for a weekend, or how if they did start to feel ill, they’d quickly pop back home, he maintains.
Here are just a few of the misconceptions that get people in trouble:
Myth #1: You Only Need Coverage Outside Canada
While it’s true that travelling within Canada presents a lesser risk, you’re not necessarily in the clear once you cross provincial borders.
While provinces and territories all have standing agreements that allow Canadians from other regions to seek emergency medical treatment without cost, that doesn’t mean all costs are covered…
Travel Insurance Tips For Snowbirds
– ratesupermarket.ca
Are you planning on leaving the country for a little rest and relaxation down south this winter? If so, you’re not alone; many retired Canadians flock to warmer abodes, leaving the snow and wintry weather behind. However, newbie snowbirds will find it’s more complex than just getting up and going. In fact, there are quite a few things you should do in preparation for your winter vacation. Here’s what you need to check off before taking flight.
Do You Need A Travel Visa?
If you’re a Canadian heading south to the U.S., you can stay there for six months without a travel visa, even if you own U.S. property. Rules vary greatly from country to country though, so be sure to check out visa requirements if you intend to stay abroad.
Cover Your Car
If you’re driving down, at a minimum, you’ll want to take your car in for a tune up and ensure it’s up to the cross-border journey. It’s also very important to check in with your car insurance provider – you may be required to pay a supplemental premium for your trip…
How Much Travel Insurance Is Enough?
– ratesupermarket.ca
One of the things Canadians are proudest of is our “universal healthcare” coverage. Yet “universal” is a bit of a misnomer, since it’s generally not valid outside the country, and there are even variations from province to province. How much travel insurance is enough? Here’s what you need to know about your coverage before heading out of town.
Are You Already Covered?
When my oldest daughter was about 10 months old, we drove down to New York City to visit friends who were living there. On our last day in town, we woke up to discover a baby with one eye swollen shut. We rushed to our friends’ pediatrician who diagnosed that she’d scratched her eyeball in her sleep, a relatively common occurrence we were told. The doctor prescribed antibiotic drops, and told us not to worry. Oh, and don’t forget to leave your $200 cash on the way out the door.
We were lucky; my wife’s employee health plan included travel insurance that covered most of the cost of the doctor’s visit, plus 80 per cent of the cost of the prescription (as it would at home)…
