How to go about securing the best rate and plan for your credit card in Canada.
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With Valentine’s around the corner we are starting to see some excellent bonus offers for online shopping emerge. The first one we bring to you is from AIR MILES. They are offering a 7x Miles sitewide for purchases made by February 14, 2025. Click here to learn more & to shop via AIR MILE.... More »
Why Jane shouldn’t cash out on stock crash fears Mar 12th
iStock
Q. I retired in 2008, just in time for the market crash. Fortunately, I did not need my invested money right away. But now, 10 years later, I have begun taking money out for living expenses—just in time for the February downturn. I sat tight the first time and things gradually got better, b.... More »
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CTV NewsMcKenna promises new measures this fall to cut carbon emissionsCTV NewsThe federal government will bring in additional measures later this fall to lower Canadian carbon emissions, Environment Minister Catherine McKenna says. Last week, Prime Minister Justin Trudeau announced he would impose a $10 per tonne carbon tax on …Trudeau government OK's tax credit for TV talk showsCBC.caWhy conservatives have it wrong about Trudeau's carbon taxThe Globe and MailLoewen: Our data suggest Trudeau could go even further in taxing carbonSaskatoon StarPhoenixCalgary Herald -mySteinbach.ca (blog) -Edmonton Sun -TheChronicleHerald.caall 153 news articles »
Air Miles has announced a new clear-cut system for how it doles out reward choices. But it might be hard for some customers to get with the program after Air Miles spent months continually shifting its explanation for why different members would see different reward offers.
CTV NewsMcKenna promises new measures this fall to cut carbon emissionsCTV NewsThe federal government will bring in additional measures later this fall to lower Canadian carbon emissions, Environment Minister Catherine McKenna says. Last week, Prime Minister Justin Trudeau announced he would impose a $10 per tonne carbon tax on …Trudeau government OK's tax credit for TV talk showsCBC.caWhy conservatives have it wrong about Trudeau's carbon taxThe Globe and MailLoewen: Our data suggest Trudeau could go even further in taxing carbonSaskatoon StarPhoenixCalgary Herald -mySteinbach.ca (blog) -Edmonton Sun -TheChronicleHerald.caall 153 news articles »
What happens to your debts after you die?
– canadianbusiness.com
When you die, you don’t just leave behind your family and your legacy. You also leave behind your debts.
But what happens to those debts once you’re gone? In general, your assets and debts become part of an estate. It’s the estate’s responsibility to pay them. If there’s any money left, it goes to your heirs. If there’s not enough money to cover all the debts, they may go unpaid.
It can get complicated though, so here are a few things you should know:
SETTLING THE ESTATE: A will typically names an executor, who is responsible for settling the financial affairs of the deceased. If there is no will, the state decides who should handle it. That person follows a pecking order of who gets paid first, said Greg McBride of Bankrate.com. Secured debts, like mortgage or auto loans, come first; unsecured debts, such as credit cards and medical bills, follow.
HOME: Banks expect to continue to be paid for a mortgage or they will take action. But some protections exist for family members or others living in the home, said Chas Rampenthal, general counsel at LegalZoom…
But what happens to those debts once you’re gone? In general, your assets and debts become part of an estate. It’s the estate’s responsibility to pay them. If there’s any money left, it goes to your heirs. If there’s not enough money to cover all the debts, they may go unpaid.
It can get complicated though, so here are a few things you should know:
SETTLING THE ESTATE: A will typically names an executor, who is responsible for settling the financial affairs of the deceased. If there is no will, the state decides who should handle it. That person follows a pecking order of who gets paid first, said Greg McBride of Bankrate.com. Secured debts, like mortgage or auto loans, come first; unsecured debts, such as credit cards and medical bills, follow.
HOME: Banks expect to continue to be paid for a mortgage or they will take action. But some protections exist for family members or others living in the home, said Chas Rampenthal, general counsel at LegalZoom…
