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What to do if you’re a victim of bank account or credit card fraud Jan 12th
Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
Your ID was stolen, here’s what to expect + MORE Jan 7th
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on t.... More »
What Happens When the CERB Ends? Jun 24th
The Canada Emergency Response Benefit (CERB) is designed to help Canadians cope with the loss of employment as a result of the COVID-19 pandemic. The benefit was about to expire in July for some of the earliest applicants, but it was recently extended by an additional eight weeks.
Despite the exten.... More »
The best travel insurance credit cards in Canada for 2024 Nov 16th
If you’re one of the nearly 80% of Canadians planning a trip outside your province or territory this year, you’re going to want to use a travel credit card with solid insurance.
Top 3 cards for travel insurance
featured .... More »
Compare car insurance quotes from Canadian providers Jun 24th
Auto Insurance
Compare car insurance quotes from top providers in Canada
In under five minutes, get a personalized car insurance quote from one of Canada’s top providers—free of charge. Just tap the button to get started.
Get a free quote now* .... More »
Sleep Apnea and Life Insurance
– life-insurance-quotes.ca
Sleep apnea is a medical condition where breathing (while asleep) either stops completely or is severely restricted for awhile. We take a brief look at what sleep apnea is, and then examine how having sleep apnea might affect a life insurance application. We also offer tips on how to speed up the underwriting process.
Finance Minister Bill Morneau has tabled a budget that forecasts big deficits over the next five years and beyond to finance a new tax-free monthly child benefit, more money for First Nations, infrastructure spending and extended employment insurance benefits to hard-hit regions. Read highlights.
How the federal budget affects EI and small business
– moneysense.ca
The federal budget takes big steps to overhaul the employment insurance system but does not change the corporate tax rate for small businesses as anticipated. Changes include:
No. 1: Shorter waits for Employment Insurance benefits
Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.
No. 2: Increased eligibility to EI benefits
How a person qualifies for EI will change. For instance, Donald lives in Winnipeg, Man., where he has worked part-time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits. Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region…
A long-rumoured overhaul to Canada’s employment insurance regime is included in the budget, one that might even be more expansive than what those who had lobbied for changes were expecting.
