How to go about securing the best policy for your insurance in Canada.
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Cash Values & Life Insurance Mar 3rd
In a world of way too much tax there still a tax strategy that Canadians should take advantage of.
This strategy is to decrease your tax burden, and the tactic is purchasing a life insurance policy that allows for tax-deferred growth.
The Concept
Many insurance companies have life insurance contrac.... More »
Could insurance bring an end to police violence? + MORE Jul 9th
Members of the California Highway Patrol stand guard on a freeway ramp during a protest against the police shootings that lead to two deaths in Louisiana and Minnesota, respectively, in Oakland, California, U.S. July 7, 2016. (Stephen Lam/Reuters)
The escalating tension between Black people and the .... More »
Staying in Canada but travelling to a different province this summer? Then, yes, you need travel insurance Aug 11th
Even prior to the pandemic, OHIP did not cover medical expenses such as ambulances, prescription drugs and specialists’ fees in other provinces..... More »
A guide to the best robo-advisors in Canada for 2019 + MORE Feb 28th
It wasn’t long ago that robo-advisors were thought of as a newfangled millennial-made idea for investing-inept 20- and 30-somethings. Now, though, all sorts of Canadians, including high net-worth boomers and new-to-saving youngsters are pouring money into these easy-to-use and low-cost online oper.... More »
The best credit cards in Canada for 2024 Aug 8th
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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By Keph Sen.... More »
Alert! Seg funds are on the rise
– moneysense.ca
Watch out if your advisor suggests investing in segregated funds. These insurance-backed investment products come with high fees and are unsuitable for typical investors. But they’re now surging in sales—likely because they don’t fall under new fee disclosure rules for mutual funds, ETFs, bonds and stocks coming into effect this July.“I can see this causing some investment firms to have a bias towards selling seg funds,” says Jason Heath, a fee-for-service Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto.
Data from analysis firm LIMRA bears this out: Gross seg fund sales in Canada are up 9% on a year-over-year basis to $2.49 billion as of Sept. 2015. Seg funds may sound appealing because they guarantee 75% to 100% of your capital, but that security comes at the cost of 3% fees which make it virtually impossible to beat market returns—let alone most mutual fund returns.
If your advisor recommends seg funds, “ask why he’s recommending them and what the advantages are for you,” says Heath…
Google reverses course with closure of car insurance service
– canadianbusiness.com
SAN FRANCISCO – Google is shifting into reverse and leaving behind a service that compares auto insurance prices.
The planned March 23 closure of “Google Compare” comes a year after the Internet search engine expanded the service in the U.S. to allow consumers to get quotes from a variety of auto insurers.
The service currently lists prices from 28 insurers.
Google Compare also allowed consumers in the U.S. and U.K. to look for the best deals on credit cards and mortgages.
Google told participating auto insurers and lenders in a letter that the comparison service didn’t attract as much traffic as it anticipated.
The comparison service had spurred speculation that Google was laying the foundation to sell auto insurance itself, something that the Mountain View, California, company denied was in the works.
The post Google reverses course with closure of car insurance service appeared first on Canadian Business – Your Source For Business News.
The planned March 23 closure of “Google Compare” comes a year after the Internet search engine expanded the service in the U.S. to allow consumers to get quotes from a variety of auto insurers.
The service currently lists prices from 28 insurers.
Google Compare also allowed consumers in the U.S. and U.K. to look for the best deals on credit cards and mortgages.
Google told participating auto insurers and lenders in a letter that the comparison service didn’t attract as much traffic as it anticipated.
The comparison service had spurred speculation that Google was laying the foundation to sell auto insurance itself, something that the Mountain View, California, company denied was in the works.
The post Google reverses course with closure of car insurance service appeared first on Canadian Business – Your Source For Business News.
How Much Are Workplace Benefits Worth?
– ratesupermarket.ca
Are you among the lucky Canadians who receive benefits? You may be interested to know that the five most common employee benefits include health and dental insurance, group life insurance, training expenses, vehicle allowances, and gifts and awards, according to the Canadian Payroll Association.
But do you know just how much those perks are work? (Combined can easily be worth about 20 per cent of your total compensation package.) Without insight into the value of those benefits, how can you make knowledgeable choices about who you work for and what they’re offering?
Check What’s Available Before You Need It
Most Canadian workers have only a passing understanding of their workplace benefits– until they need to make a claim, of course.
Then, they’re either grateful for the protection the plan provides, or disappointed to find that their expenses aren’t covered. The trick, however, is to know where you stand beforehand – particularly if you’re contemplating a job search.
Although they vary sharply across companies, employee benefits are designed to add value to your overall compensation package…
