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How to qualify for EI benefits in retirement Mar 27th
Q: I’m a 75-year old male, working part-time and contributing to EI every 2 weeks; and have been for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to retire so I shou.... More »
How well are you protected if you have a car accident? Rising deductibles mean your insurance company could get more than you Feb 28th
If you’re awarded a pain and suffering payment of less than $44,000 in Ontario, the money goes to your insurance company and you get nothing. But there are things you can do to protect yourself..... More »
A guide to the best robo-advisors in Canada for 2021 + MORE Jan 3rd
The robos have invaded. What was once a little-known investing tool for tech-savvy investors is now so commonplace, everyone from newbie savers to retired boomers using robo advisors to help manage their money.
While advisors and traditional fund companies still manage the majority of money in C.... More »
What you need to know before starting a home renovation Feb 8th
Q. I’m about to start a home renovation. What type of paperwork and contracts should I have with the contractor? And do I need any type of insurance in case anything goes wrong, or am I already covered under a home insurance policy?
–Sharon
A. These are all good questions, Sharon. Let’s start .... More »
TFSA contribution room calculator + MORE Aug 28th
TFSA contribution room calculator
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following.... More »
Business Highlights
– canadianbusiness.com
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After setting iPhone record, Apple forecasts rare sales drop
SAN FRANCISCO (AP) — Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015.
The giant tech company issued a sales forecast that says revenue could fall at least 8.6 per cent during the January-March quarter, compared with a year earlier. Analysts say the latest iPhone models are selling reasonably well, but they’re not providing the boost Apple needs to match the massive sales growth it enjoyed last year.
Apple counts on the iPhone for two-thirds of its revenue.
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Health care fines press millennials as sign-up deadline nears
WASHINGTON (AP) — Millions of young adults healthy enough to think they don’t need insurance face painful choices this year as the sign-up deadline approaches for President Barack Obama’s health care law.
Fines for being uninsured rise sharply in 2016 — averaging nearly $1,000 per household, according to an independent estimate…
After setting iPhone record, Apple forecasts rare sales drop
SAN FRANCISCO (AP) — Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015.
The giant tech company issued a sales forecast that says revenue could fall at least 8.6 per cent during the January-March quarter, compared with a year earlier. Analysts say the latest iPhone models are selling reasonably well, but they’re not providing the boost Apple needs to match the massive sales growth it enjoyed last year.
Apple counts on the iPhone for two-thirds of its revenue.
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Health care fines press millennials as sign-up deadline nears
WASHINGTON (AP) — Millions of young adults healthy enough to think they don’t need insurance face painful choices this year as the sign-up deadline approaches for President Barack Obama’s health care law.
Fines for being uninsured rise sharply in 2016 — averaging nearly $1,000 per household, according to an independent estimate…
Couch Potato works with employer retirement plans
– moneysense.ca
As the old adage goes, investing is simple, but not easy. It’s simple because all you need to do is save, diversify, keep your costs low and stick to a plan. But it’s not easy because we’re human, and we’re not hardwired to do any of those things. If you’re fortunate enough to have a retirement savings plan at work, however, then investing could be simpler and easier than you think.
Most employer-sponsored plans allow you to save painlessly through payroll deductions—often with a top-up from your company. Your money then gets invested automatically and your portfolio even gets rebalanced regularly. It’s the ultimate Couch Potato solution, requiring zero maintenance. Here’s how you can make the most of yours.
Understand your plan.
Employer retirement savings plans are usually administered by an insurance company such as SunLife, Standard Life, Manulife, Great West Life and others. They vary a lot, so the first step is understanding how yours is structured.
Many companies offer a defined contribution (DC) pension plan, which is similar to an RRSP, although it’s less flexible…
Most employer-sponsored plans allow you to save painlessly through payroll deductions—often with a top-up from your company. Your money then gets invested automatically and your portfolio even gets rebalanced regularly. It’s the ultimate Couch Potato solution, requiring zero maintenance. Here’s how you can make the most of yours.
Understand your plan.
Employer retirement savings plans are usually administered by an insurance company such as SunLife, Standard Life, Manulife, Great West Life and others. They vary a lot, so the first step is understanding how yours is structured.
Many companies offer a defined contribution (DC) pension plan, which is similar to an RRSP, although it’s less flexible…
