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A guide to mortgage calculators Jan 23rd
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
Laneway homes raise insurance concerns + MORE Sep 20th
(Joe Wolf/Creative Commons)
TORONTO – Soaring real estate costs are pushing some Canadian cities to embrace laneway housing, touted as the future of affordable living in urban centres.
But as the properties become more popular and balloon in value, questions are beginning to arise about whether cu.... More »
Uber drivers should check if they are properly insured: Insurance Bureau + MORE Jul 30th
The Insurance Bureau of Canada says drivers who work for ride-hailing service Uber should check to make sure their insurance policies cover their vehicles for commercial use..... More »
Fairfax increases stake in Torstar with $11.8 million private stock deal + MORE Nov 11th
TORONTO _ Fairfax Financial Holdings Ltd. (TSX:FFH) has paid nearly $11.8 million to increase its holding of Torstar Corp.’s non-voting shares to 40.6 per cent.
The Toronto-based financial company now owns about 28.9 million class B shares of Torstar (TSX:TS.B), owner of the Toronto Star, the .... More »
Will you be able to afford long-term care? Aug 31st
What worries aging Canadians as they prepare for long-term care?
A BMO Wealth Institute study finds that the greatest health-care-related aging concerns include:
losing the ability to live independently (40%);
not having enough money to pay for adequate health care (17%); and
not being able to affo.... More »
Small businesses get EI rebate
– canoe.ca
Small businesses will get $550 million in rebates on their employment insurance premiums over the next two years in order to boost hiring, Finance Minister Joe Oliver said on Thursday.
5 Golden Rules for Student Credit Card Use
– ratesupermarket.ca
Fewer millennials are carrying a credit card these days, according to a recent poll by website Bank Rate. The American survey, which telephone polled 1,161 adults, found 63 per cent of those under 30 do not have a card. While these findings are affected by south-of-the-border legislation that limits credit card options for those under 21, it was also found that debt averstion – aka the fear of falling into a debt hole – is growing among this age group.
In Canada, however, where primary cardholders need only be 18 years of age, college campuses are rife with credit card kiosks, with some campuses in exclusivity deals with lenders. It takes only a stroll through the student centre for a freshman to be offered a credit card application. They should certainly proceed with caution – but should they say no?
The consequences of poor credit habits, especially at an early age, are costly and long lasting. But avoiding credit cards altogether could do students a disservice; it is at this time when responsible debt habits create a credit history and pave the way for mortgage qualification, insurance and other forms of borrowing down the road…
San Diego cabbies cry foul over body odour test, call it discriminatory
– canadianbusiness.com
SAN DIEGO – Body odour is among 52 criteria that officials at San Diego International Airport use to judge taxi drivers. Cabbies say that smacks of prejudice and discrimination.
For years, inspectors with the San Diego Regional Airport Authority run down their checklist for each cabbie — proof of insurance, functioning windshield wipers, adequate tire treads, good brakes. Drivers are graded pass, fail or needs fixing.
Anyone who flunks the smell test is told to change before picking up another customer.
Leaders of the United Taxi Workers of San Diego union say the litmus perpetuates a stereotype that predominantly foreign-born taxi drivers smell bad. A 2013 survey of 331 drivers by San Diego State University and Center on Policy Initiatives found 94 per cent were immigrants and 65 per cent were from East Africa.
Drivers wonder how inspectors determine who reeks. Driver Abel Seifu, 36, from Ethiopia, suspects they sniff inconspicuously during friendly conversations in the staging area…
For years, inspectors with the San Diego Regional Airport Authority run down their checklist for each cabbie — proof of insurance, functioning windshield wipers, adequate tire treads, good brakes. Drivers are graded pass, fail or needs fixing.
Anyone who flunks the smell test is told to change before picking up another customer.
Leaders of the United Taxi Workers of San Diego union say the litmus perpetuates a stereotype that predominantly foreign-born taxi drivers smell bad. A 2013 survey of 331 drivers by San Diego State University and Center on Policy Initiatives found 94 per cent were immigrants and 65 per cent were from East Africa.
Drivers wonder how inspectors determine who reeks. Driver Abel Seifu, 36, from Ethiopia, suspects they sniff inconspicuously during friendly conversations in the staging area…
EI premium cut expected
– moneysense.ca
The Canadian PressTORONTO – Finance Minister Joe Oliver is expected to announce that he will lower employment insurance premiums.
Oliver is holding a news conference today at 11 a.m EDT in Toronto at a flooring company, where he will announce measures to help small businesses.
The Globe and Mail newspaper has reported that the Harper government will make the EI premium announcement — effective Jan. 1, 2015 — is an effort to stimulate hiring.
The Globe quotes a senior government official as saying that the cut will be “significant” and will be called the Small Business Job Credit.
The federal government announced last year that it would freeze premiums for the next three years, saying that the program’s finances were improving.
Business groups have been calling for a cut, saying that higher premiums make it more difficult to hire new workers.
The post EI premium cut expected appeared first on MoneySense.
