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Where to find and apply for COVID-19 financial relief Aug 23rd
The COVID-19 outbreak has dealt a shock to our economy, shuttering entire industries and leaving many more businesses in limbo, forcing layoffs and loss of income on many people. Fortunately, the Canadian government and several other institutions are offering financial relief for Canadians during th.... More »
Federal Equity-Split Program Begins Monday Sep 1st
The First-Time Home Buyer Incentive (FTHBI) will officially begin on Monday, September 2. The program was initially announced during the Federal Government’s budget launch in March. The down payment assistance program will be administered by the Canada Mortgage and Housing Corporation (CMHC), and.... More »
Mercedes-Benz starts subscription pilot from $1,095 a month Jun 12th
Subscribers can choose any vehicle within their tier with no mileage limitations, and a monthly fee covers insurance, vehicle maintenance and 24-hour roadside assistance..... More »
Feds post deficit of $8.4B through first 10 months of ’17 18: estimate + MORE Apr 1st
OTTAWA _ A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year.
The Finance Department’s latest monthly fiscal monitor show.... More »
How to get lower home insurance Aug 7th
Lower home insurance prices are possible, if you’re willing to shop around and you know what factors can affect your premium. Here’s how to get good, cheap home insurance—but not too cheap—to protect what is likely your biggest asset.
How much does home insurance cost?
The average Canadian.... More »
Travel insurance gap leads to costly mistake: Roseman
– thestar.com
It’s important to do your homework to ensure your travel insurance covers what you think it does.BREAKING: Ontario Car Insurance Rates Increase
– ratesupermarket.ca
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 0.76 per cent on average.
Car insurance rates fluctuate based on a number of different factors. However, before an insurance company can change rates, it must first be approved by the Financial Services Commission of Ontario (a regulatory agency of the Ministry of Finance).
FSCO publishes approved rate changes quarterly, and the latest results are in:
In the second quarter of 2017, approved rates from auto insurance companies increased by 0.76 per cent on average – not a huge increase, but notable.
The range of approved rates seemed to be significant, with some companies lowering their rates by as much as 1.04 per cent, and another inflating its rates by 8.97 per cent on average.
“Ontario has a very competitive marketplace,” FSCO said in its quarterly statement…
Prepare to face extra security for U.S.-bound flights
– moneysense.ca
TORONTO — Flying to the United States may take a while longer as of today due to enhanced security measures affecting flights to the U.S.
Both Air Canada and WestJet are advising passengers to arrive at airports at least two hours prior to scheduled departures to allow for additional screening.
Both Air Canada and WestJet are advising passengers to arrive at airports at least two hours prior to scheduled departures to allow for additional screening.
Should I buy terrorism insurance for my next trip?
Air Canada says in an advisory that heightened security introduced by the U.S. Dept. of Homeland Security beginning today requires enhanced screening of personal electronic devices such as tablets and laptops.
In addition, all personal electronic devices larger than a smartphone will need to be easily accessible and have all cases and covers removed.
WestJet has posted similar advice, adding the recommendation applies to all flights departing Canada.
The Dept. of Homeland Security said last month that “in light of evaluated intelligence,” it was deemed necessary to implement enhanced security measures for all commercial flights to the United States…
How receiving CPP affects U.S. Social Security benefits
– moneysense.ca
Q: I’ve just started to collect Social Insurance benefits from the United States. I’m a Canadian citizen who worked in the U.S. (with a green card) for over 26 years. I’ve learned that my benefit was reduced due to my CPP; the reduction is the result of the “Windfall Elimination Act”. I understand that this Act is controversial due to its extra-territorial reach? Please advise the status regarding the “elimination” of the Windfall Elimination Act. Would it be worth my time to challenge the deduction of my benefit? The exchange rate these days certainly compensates for the reduction due to the Windfall Elimination Act but there is a principle involved.
—Ken
A: The Windfall Elimination Provision (WEP) is designed to prevent people who didn’t pay Social Security tax on the majority of their income from receiving disproportionately high Social Security payments. In general, when you work for an employer in the U.S., Social Security tax is taken out of your pay cheque, but if you worked for government organizations or were employed by a foreign company, then this may not be the case…
—Ken
A: The Windfall Elimination Provision (WEP) is designed to prevent people who didn’t pay Social Security tax on the majority of their income from receiving disproportionately high Social Security payments. In general, when you work for an employer in the U.S., Social Security tax is taken out of your pay cheque, but if you worked for government organizations or were employed by a foreign company, then this may not be the case…
