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Latest News
Ontario Auto Insurance Rates Drop Up to 8% Jan 19th
Canadian commuters may be in the throes of the winter driving blues, but Ontarians have fresh reason to smile: auto insurance rates have been cut again, with discounts of up to 8 per cent available from providers across the province.
The Financial Services Commission of Ontario reports auto insuran.... More »
Should my tenants have renters insurance? + MORE Apr 25th
Renters insurance likely isn’t on the top of your to-do list as a landlord—but it should be for your tenants. And it may deserve a nudge from you. As a property/home owner, you carry your own property insurance, but there are convincing reasons to ask your tenants to have their own policies. Fin.... More »
Gen Z Canadians face job losses—but time is on their side Feb 5th
Statistics Canada has released new employment insurance (EI) data, and it doesn’t look good for Canadian workers. In the year ending November 2025, the number of people receiving EI rose by 16.1%. Among young Canadians aged 15 to 24, the increase was 12.4%. While this group wasn’t hit the hardes.... More »
Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet Nov 11th
CBC's Marketplace rounds up the consumer and health news you need from the week, including why those fake CRA calls won't go away, investigating credit card insurance and looking at apple juice labels..... More »
Kia Soul review: The best used small SUV + MORE Apr 29th
Fun, efficient and practical, the Kia Soul is a worthy addition to my list of the 10 best used cars in Canada.
Compare personalized quotes from Canada's top car insurance providers.All in under 5 minutes with ratehub.ca. Let's get started.*Get free quotesYou will be leaving MoneySense. Just close .... More »
Ex-Rep. Oxley of Ohio dies; helped create anti-fraud legislation after corporate scandals
– canadianbusiness.com
TOLEDO, Ohio – A former Ohio congressman who helped write a landmark business regulatory law following the collapse of Enron Corp. and WorldCom Inc. has died. Mikey Oxley was 71.
Oxley’s wife, Patricia, says her husband died in his sleep early Friday in northern Virginia.
Oxley spent 25 years in Congress, where he devoted most of his time to issues involving corporate oversight and insurance protection.
The Republican who retired from the House in 2007 led an effort to investigate failed energy giant Enron and helped create new accounting requirements in the 2002 Sarbanes-Oxley Act.
The law reshaped corporate oversight after accounting scandals at Enron, WorldCom and other major corporations wiped out retirement accounts and cost investors billions.
Oxley was from Findlay. He rarely faced a close election in his rural northwest Ohio district.
The post Ex-Rep. Oxley of Ohio dies; helped create anti-fraud legislation after corporate scandals appeared first on Canadian Business – Your Source For Business News.
Oxley’s wife, Patricia, says her husband died in his sleep early Friday in northern Virginia.
Oxley spent 25 years in Congress, where he devoted most of his time to issues involving corporate oversight and insurance protection.
The Republican who retired from the House in 2007 led an effort to investigate failed energy giant Enron and helped create new accounting requirements in the 2002 Sarbanes-Oxley Act.
The law reshaped corporate oversight after accounting scandals at Enron, WorldCom and other major corporations wiped out retirement accounts and cost investors billions.
Oxley was from Findlay. He rarely faced a close election in his rural northwest Ohio district.
The post Ex-Rep. Oxley of Ohio dies; helped create anti-fraud legislation after corporate scandals appeared first on Canadian Business – Your Source For Business News.
Why writing a budget should be your 2016 resolution
– moneysense.ca
OTTAWA – If you don’t have a budget, then financial planners want you to add another thing to your list of new year’s resolutions.
Credit counsellor Pamela George says budgeting is important no matter what your income.
“I think it is even more important for a bigger salary to have a budget because you need to account for it and you need to understand that $200,000 can finish as fast as $12,000,” said George, who works for the Credit Counselling Society in Ottawa.
Start with your paycheque. You need to know how much you are bringing in each month. Then list your mandatory expenses that you can’t really change, such as rent or mortgage payments, utilities, car payments, insurance and debts.
Learn how to budget and more. Get Money Fit »
George also includes savings and putting money aside for an emergency fund if you don’t already have one in the mandatory category.
“I take savings and put it under mandatory because it is mandatory that you save,” she said.
Then comes your discretionary spending for whatever you might have left over…
Credit counsellor Pamela George says budgeting is important no matter what your income.
“I think it is even more important for a bigger salary to have a budget because you need to account for it and you need to understand that $200,000 can finish as fast as $12,000,” said George, who works for the Credit Counselling Society in Ottawa.
Start with your paycheque. You need to know how much you are bringing in each month. Then list your mandatory expenses that you can’t really change, such as rent or mortgage payments, utilities, car payments, insurance and debts.
Learn how to budget and more. Get Money Fit »
George also includes savings and putting money aside for an emergency fund if you don’t already have one in the mandatory category.
“I take savings and put it under mandatory because it is mandatory that you save,” she said.
Then comes your discretionary spending for whatever you might have left over…
Why has federal tax revenue exceeded projections?
– macleans.ca
Photograph by Blair GableThese passages are from the Update of Economic and Fiscal Projections released by the Department of Finance a few weeks ago:
[P]rojected tax revenues are being dragged down by lower expected nominal GDP, while projected expenses are being driven up by higher expected Employment Insurance claims…
These developments have reduced the projected budgetary balance by about $6.0 billion per year, on average, relative to Budget 2015, resulting in deficits of $3.0 billion in 2015–16…
These are the fiscal projections inherited by this Government.
As I noted at the time, this narrative didn’t pass my sniff test: the year-to-date budget balance through September was actually running ahead of Joe Oliver’s projection. Moreover, when you broke down the new Finance projections, the main factors driving the downward revision to the budget balance were “other revenues” and three impenetrable sentences about pension liabilities. Tax revenues in 2015-16 were projected to come in only $600 million below the estimate in last April’s budget…
