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Ontario Government Confirms OHIP Cuts for Travellers May 3rd
After a six-day consultation the Progressive Conservative-led Government in Ontario has confirmed it will cut the out-of-country coverage previously provided under the province’s health plan. The Ontario Health Insurance Plan currently provides up to $400 per day for out-of-country inpatient.... More »
Compare auto insurance quotes for Toronto Dec 18th
Congratulations! You’ve shopped around and found the car or truck you love. But you’ll need insurance before you drive it off the lot—it’s required in Canada. And when it comes to getting a great insurance rate, it pays to comparison shop, as it does with any major purchase.
Want to.... More »
How to make the most of your compensation Jun 20th
How much money do you make? Many people zero in on their paycheques when considering their compensation. Yet experts say workers should regularly check that they’re taking advantage of vacation time and other benefits, lest they leave money on the table.
Employees often receive other cons.... More »
What COVID-19 Has Taught Us About Insurance & Preparedness + MORE Aug 15th
During these unprecedented times, we know that many of you may be feeling stressed, overwhelmed, and maybe even a little paranoid about the future. We also understand that due to COVID-19, your worldview may have changed when it comes to the stability of your job, health, and home.
While Baker &.... More »
Top Cars that Save You the Most on Gas Mar 3rd
Feeling pinched at the pump lately? You’re likely not alone.
Nationwide, Canadians have seen increases in gas prices. According to recent data from Statistics Canada, the cost of gasoline has gone up by 20 per cent year over year. In Alberta specifically, the cost of gas is up almost 34 per cent .... More »
More Mortgage Rules To Come This Summer
– ratesupermarket.ca
The mortgage market is getting even tighter for today’s prospective home buyers. The Office of the Superintendent of Financial Institutions (OSFI) has announced yet another slew of mortgage rules. The draft guidelines, which OSFI states “sets out principles that promote and support sound residential mortgage insurance underwriting,” have been revealed for consultation, and will be finalized on May 23.
As of June 30th, two of these important rules that will be in place:
- First lenders will have to obtain third party verification of borrowers income.
-Private insurers still use a non-traditional form of income verification and that could change soon.
Just like banks, a separate party can look into your income and stability when a person is asking for a loan. As well, cash back mortgages will not longer be available for borrowers who can’t put at least 5 per cent down.
Who Will Be Affected?
These new rules could make it harder for many to borrow. With the high cost of housing in Canada, many home buyers are getting into high-ratio mortgages just so they can get into the real estate game…
Automatic GIC Renewals: What You Need to Know
– ratesupermarket.ca
Since you’re reading this online, there’s a good chance your device is equipped with anti-virus software from companies like Kaspersky, McAfee or Norton, all of which renew your subscription automatically each year unless tell them not to.
Many other businesses – including magazine publishers, auto insurance providers, and fitness clubs – do exactly the same thing, largely because you gave them permission when you first signed up. So do banks, if you have an investment with a maturity date, like a Guaranteed Investment Certificate.
It’s for your benefit, they maintain, so you won’t come up short, losing access or protection just when you might need it. But what happens if you think you can get a better deal elsewhere or you simply change your mind?
Renewing Or Extending Without Your Permission
In Ontario, for instance, businesses must provide you with written notice of any changes that they want to make to your contract, whether it’s being renewed or extended. They must also provide you with the option to decline the changes to your contract…
