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Latest News
Can You Claim Bed Bugs on Your Insurance? Jun 12th
Bed bugs can be a travellers worst nightmare. These pesky bugs can attach themselves to luggage, briefcases and handbags. But, with preventative measures, you can protect your home when you travel to work or go on holiday.
Use these tips to avoid bringing home any unexpected guests.
What are Bed Bu.... More »
Staying in Canada but travelling to a different province this summer? Then, yes, you need travel insurance Aug 11th
Even prior to the pandemic, OHIP did not cover medical expenses such as ambulances, prescription drugs and specialists’ fees in other provinces..... More »
Making sense of the markets this week: November 3, 2024 Nov 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Apple, Nvidia growth—no cap
Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic q.... More »
TFSA contribution room calculator + MORE Aug 28th
TFSA contribution room calculator
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following.... More »
Is it better to buy or rent a cottage? + MORE Apr 8th
The desire to own a cottage where you can look forward to making memories on the same lake every summer is an obvious one for many Canadians.
However, Ted Rechtshaffen, president and chief executive of TriDelta Financial, says the financial argument for owning a cottage instead of renting one is har.... More »
Those with health coverage through Obama’s law may face a challenge in getting tax-return form
– canadianbusiness.com
WASHINGTON – If you got health coverage through President Barack Obama’s law this year, you’ll need a new form from your insurance exchange before you can file your tax return next spring.
Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of delayed tax refunds for millions of consumers.
The same federal agency that had trouble launching HealthCare.gov last fall is facing the heaviest lift.
The Health and Human Services Department must send out millions of the forms, which are like W-2s for people getting tax credits to help pay health insurance premiums.
The form is called a 1095-A, and it lists who in each household has health coverage and how much the government paid each month to subsidize their premiums. Nearly 5 million people have gotten subsidies through HealthCare.gov.
If the forms are delayed past their Jan. 31 deadline, some people may have to wait to file tax returns — and collect their refunds…
Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of delayed tax refunds for millions of consumers.
The same federal agency that had trouble launching HealthCare.gov last fall is facing the heaviest lift.
The Health and Human Services Department must send out millions of the forms, which are like W-2s for people getting tax credits to help pay health insurance premiums.
The form is called a 1095-A, and it lists who in each household has health coverage and how much the government paid each month to subsidize their premiums. Nearly 5 million people have gotten subsidies through HealthCare.gov.
If the forms are delayed past their Jan. 31 deadline, some people may have to wait to file tax returns — and collect their refunds…
Fairfax shelling out $100M to buy dog and cat medical health insurer Pethealth
– canadianbusiness.com
TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) plans to pay about $100 million to acquire Pethealth Inc. (TSX:PTZ), an Oakville, Ont.,-based company that provides medical insurance for dogs and cats to pet owners.
Under the deal, Fairfax has offered $2.79 per share in cash for all of the company’s common shares, as well as $2.79 in cash for its preferred shares, plus any dividends accrued but unpaid up until the day before the deal closes.
The share offer itself is a 26 per cent premium to the company’s closing stock price of $2.21 on Friday and represents a premium of about 69 per cent to the closing price of on Aug. 15, when Pethealth announced it was reviewing strategic alternatives.
Total cash consideration of approximately $100 million will be paid for Pethealth’s common and preferred shares and options, Fairfax said in a statement issued Friday after markets closed.
The Pethealth board will recommend that shareholders vote in favour of the arrangement…
Under the deal, Fairfax has offered $2.79 per share in cash for all of the company’s common shares, as well as $2.79 in cash for its preferred shares, plus any dividends accrued but unpaid up until the day before the deal closes.
The share offer itself is a 26 per cent premium to the company’s closing stock price of $2.21 on Friday and represents a premium of about 69 per cent to the closing price of on Aug. 15, when Pethealth announced it was reviewing strategic alternatives.
Total cash consideration of approximately $100 million will be paid for Pethealth’s common and preferred shares and options, Fairfax said in a statement issued Friday after markets closed.
The Pethealth board will recommend that shareholders vote in favour of the arrangement…
