Bring back the $10,000 TFSA + MORE Oct 6th

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Why Didn't ObamaCare Work? Dec 25th

More evidence that costly government insurance hasn’t made us healthier..... More »
 online insurance

Pay for insurance annually Jan 6th

Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative .... More »
 house insurance

I lost my home in a fire. Can I tap my LIRA to cover costs? Nov 19th

Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt. We have.... More »
 home owners insurance

No more mushy middle: 2018 will be the end of centrist politics + MORE Dec 1st

A Vote to Leave campaigner holds a placard as the leader of the United Kingdom Independence Party (UKIP), Nigel Farage, campaigns for votes to leave the European Union in the referendum on May 25, 2016 in Bolton, England.(Christopher Furlong/Getty Images) The political left, especially in post-9/11 .... More »

Saskatchewan deficit down to $595M, aiming to balance by 2020: fiscal update + MORE Mar 3rd

REGINA _ The Saskatchewan government’s latest fiscal update shows a dip in the provincial deficit forecast and a slight slip in provincial revenue and expenses. The third-quarter report projects the 2017-2018 deficit will be $595 million _ down $101 million from the red ink outlined in the las.... More »
OTTAWA — The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can afford to pay the mortgage.
“Right now, under our mortgage insurance policies, you have to be able to document income to get mortgage insurance, to a level of specificity that discriminates against new Canadians, because they can’t do that,” Evan Siddall, the CEO of the Canada Mortgage and Housing Corp., said in a wide-ranging interview with The Canadian Press.
READ: Should you use RRSPs to pay down the mortgage?
“It discriminates against entrepreneurs, as well, because they can’t prove their income as well, so we’re looking at our own policies to try and make sure that there is more equity in our mortgage insurance programs,” he said.
Anyone who wants to buy a home in Canada without a down payment of at least 20 per cent of the purchase price is usually required to get mortgage loan insurance from the CMHC, which requires a smaller down payment of five per cent on a home worth up to $500,000…

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Bring back the $10,000 TFSAFederal Finance Minister Bill Morneau, left, with Prime Minister Justin Trudeau (Jake Wright/CP)
For those who pay attention to what politicians are up to on taxes, consider that since 2015, the focus has mostly been on raising them. From Atlantic Canada to Alberta, British Columbia and federally, new brackets were invented and other rates raised; in addition, new and higher taxes are yet to come including a federal carbon tax.
Even the new Progressive Conservative government of Brian Pallister in Manitoba, elected last year on opposition to a sales tax increase by the previous government, is toying with new taxes, including a carbon tax and higher taxes on insurance products.
One rare exception to this flurry of higher tax activity was in 2016 when the federal government dropped the rate for one middle income bracket, to 20.5 per cent from 22 per cent.
Middle-class Canada takes a hit
Regrettably, as the Fraser Institute discovered last week, that change wasn’t enough to offset the removal of many boutique tax credits…

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