There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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BMO Ascend World Elite Mastercard review Dec 10th
The BMO Ascend World Elite Mastercard is just one card in BMO’s premium lineup. It offers a points-based rewards program through BMO Rewards, 5x the points on travel purchases, flexible redemption options, and usually a large welcome bonus. We’ll break it all down below so that you can decide if.... More »
Better Coverage, Lower Cost: Find the Right Health and Dental Plan Oct 19th
When Was the Last Time You Reviewed Your Plan?
If it’s been a while, you could be missing out on new discounts, waived waiting periods, and enhanced coverage options. Whether you’re self-employed, between jobs, transitioning to retirement, or simply looking for better value, now’s the perfect.... More »
Scotiabank Gold American Express Card review Jan 12th
The Scotiabank Gold Amex combines some of the best aspects of a travel card with the ability to participate in the Scene+ Rewards Program. For a modest annual fee, you’ll enjoy considerable insurance coverage, some travel perks, and the ability to earn up to 6 Scene+ points per $1 spent.
Who is.... More »
The Complete Package: How Much are Benefits and Bonuses Really Worth? Jun 4th
If you’ve ever had to debate the pro’s and con’s of a new job offer, or renegotiate a contract, you know it’s not always easy to evaluate the worth of a potential compensation package. Benefits and bonuses add a lot of complexity to the process; it doesn’t always come down to salary dolla.... More »
How to qualify for EI benefits in retirement in Canada Feb 21st
Ask MoneySense
I’m a 75-year-old male, working part-time and contributing to EI every two weeks; and have for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to ret.... More »
CMHC Insurance Now Covers Only 50% of New Mortgages
– ratesupermarket.ca
The federal government’s plan to play a reduced role in Canada’s housing market is clearly starting to take hold.
Driven by a series of measures to tighten mortgage lending criteria and reduce taxpayer exposure, the Canada Mortgage and Housing Agency reports that it’s now insuring a scant 50 per cent of new residential mortgages.
The national housing agency insured 175,169 new home loans last year worth $41.7 billion, representing roughly one out of every two mortgages issued. As planned, the total value of mortgage insurance held fell $14 billion in 2014 to $543 billion.
CMHC expects that this number will shrink by a further $10 billion in 2015 as borrowers repay their loans faster than it sees itself underwriting new ones.
Also read: How Will New Mortgage Amortization and Refinance Rules Affect Me?>
Mortgage Insurance Harder To Come By
With home prices surging in Canada, Ottawa has been working hard to limit CMHC’s credit exposure, capping the agency’s potential book of loans at $600 billion through a series of measures designed to make it more difficult to obtain government-insured mortgages…
Homecare and Health Insurance
– healthquotes.ca/blog/
Many seniors reach a point where they can no longer carry out all of their daily living activities. This is when homecare services become important, since they allow the elderly to continue living in their own home with dignity. But do health insurance plans offer coverage for home care and nursing? Read on to find out!
Term Life vs Whole Life Insurance
– life-insurance-quotes.ca
This article compares and contrasts whole life insurance plans to term life insurance plans. We discuss their pros and cons and also suggest some situations that these life insurance plans are best suited for.
