How to go about securing the best policy for your insurance in Canada.
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TFSA contribution room calculator Dec 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
A comfortable retirement is closer than you think + MORE Sep 4th
If you live like a typical Canadian then you might not have to save as much as you think for retirement.
Before determining how much Canadians need to save, it’s important to get a handle on how much they spend. A visit to Statistics Canada reveals that the average Canadian household spent $79.... More »
Liberal Leader Justin Trudeau promises sweeping changes to EI system + MORE Sep 8th
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Your ID was stolen, here’s what to expect + MORE Jan 7th
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on t.... More »
“A dog bit me! Should I sue?” May 31st
The arrival of the warmer weather means that more people will be out and about. This also means that more people will be out and about with their dogs.
Every summer, numerous people want to speak to me after a dog has injured someone. Some of these people are the owner of the dog; some are the one.... More »
Barbara Elizabeth Bessie Sproull Scott, 1927-2014
– macleans.ca
Barbara Elizabeth Bessie Sproull Scott was born on March 27, 1927, in Upper Hainesville, N.B., to Howard Wallace, a farmer, and May Wallace, a homemaker.
Bessie was the shy, soft-spoken baby of the family of four children, and she stuck like glue to her rambunctious older sister, Myrtle. Her childhood home was a farm in Maple Ridge, where her brother started a successful insurance business.
Bessie graduated in 1944 with a diploma from the New Brunswick Garment Making Course and, later, qualified as a public school teacher. In 1946, she took a job at a little schoolhouse near Millville, N.B., near a farm owned by the family of a tall, sweet-natured man named Cecil Sproull, who was two years older than she. By then, she had grown into a pretty young woman with striking dark hair. The pair began to spend time together, and planned to marry on Dec. 24, 1946.
It was snowing hard that day, and the minister, travelling by horse and sleigh, was stymied by the storm. The guests were getting hungry, so the couple made a quick change of plans and held the reception before the ceremony…
Changes on US-backed home loans should help first-time buyers, but financing hurdles remain
– canadianbusiness.com
Uncle Sam wants to make it more affordable for Americans to buy their first home.
The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance.
The changes centre on the Federal Housing Administration and mortgage giants Fannie Mae and Freddie Mac.
Last week, the Obama administration announced that the premium that borrowers with an FHA-backed home loan must pay for mortgage insurance will be dropped to 0.85 per cent from 1.35 per cent by the end of this month.
The move is estimated to save the average homebuyer $900 a year, as well as help save money for homeowners looking to refinance their mortgage.
That followed an announcement last month that Fannie Mae and Freddie Mac, which buy home loans from lenders and then package them as securities to be sold to investors, would be adopting new guidelines on down payments.
Specifically, the change would enable some borrowers to buy a home with a down payment as low as 3 per cent, down from a minimum of 5 per cent…
The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance.
The changes centre on the Federal Housing Administration and mortgage giants Fannie Mae and Freddie Mac.
Last week, the Obama administration announced that the premium that borrowers with an FHA-backed home loan must pay for mortgage insurance will be dropped to 0.85 per cent from 1.35 per cent by the end of this month.
The move is estimated to save the average homebuyer $900 a year, as well as help save money for homeowners looking to refinance their mortgage.
That followed an announcement last month that Fannie Mae and Freddie Mac, which buy home loans from lenders and then package them as securities to be sold to investors, would be adopting new guidelines on down payments.
Specifically, the change would enable some borrowers to buy a home with a down payment as low as 3 per cent, down from a minimum of 5 per cent…
