Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
BMO credit cards: A breakdown of the bank’s best cards 2021 Jan 13th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
BMO InvestorLine Review: A Premium Canadian Discount Broker Jan 8th
By my count, Canadian investors can choose from at least a dozen discount brokerages to do their self-directed investing. One of the larger brokerages is BMO InvestorLine, the online broker arm of Bank of Montreal, one of Canada’s Big 6 Banks. In this full review, I’ll let you know what to expec.... More »
Achieva Financial Review: Digital Banking from the Heart of Canada Dec 18th
Canadians are fortunate to have so many choices regarding no-fee online banking and high-interest savings accounts. Names like Tangerine, EQ, and Simplii have become commonplace, to mention just a few. But if you’re shopping around for a digital bank to deal with, there’s another name you can ad.... More »
How To Get The Best Home Insurance Quote in Canada
– canadianfinanceblog.com
Unlike car insurance, in Canada, there is no legal requirement to have homeowners insurance. But that doesn’t mean you should go without it. Find out why you need insurance and how to get the best homeowners insurance quotes in Canada.
Why Do Homeowners Need Insurance in Canada?
Although not legally required, home insurance is mandated by most (if not all) lenders as a condition of getting a mortgage. Home insurance protects the interest of banks and lenders.
Insurance also provides financial security should something unexpected happen to your home. With insurance, you will not have to worry about how you will pay for the cost of repairs to your home, the replacement of your possessions, or the legal costs should someone get hurt on your property.
How Does Homeowners Insurance Work?
Home insurance is very similar to car insurance in that you pay an annual premium either as a lump sum or in monthly payments.
The insurance company then provides you financial protection should you need to make a claim…
Why Do Homeowners Need Insurance in Canada?
Although not legally required, home insurance is mandated by most (if not all) lenders as a condition of getting a mortgage. Home insurance protects the interest of banks and lenders.
Insurance also provides financial security should something unexpected happen to your home. With insurance, you will not have to worry about how you will pay for the cost of repairs to your home, the replacement of your possessions, or the legal costs should someone get hurt on your property.
How Does Homeowners Insurance Work?
Home insurance is very similar to car insurance in that you pay an annual premium either as a lump sum or in monthly payments.
The insurance company then provides you financial protection should you need to make a claim…
