There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Does a Higher Home Insurance Deductible Mean More Savings? + MORE Jun 28th
Home insurance can sometimes be tricky. You know you need a home insurance policy, but how do you find the right deductible amount? On the one hand, you want low monthly payments. On the other, you don’t want a high payment to make if something happens and you have to file a claim. But, what’s .... More »
Don’t Let The Polar Vortex Freeze Your Finances Jan 26th
Canadians saw extreme weather coast to coast in 2013 – and insurance companies saw a spike in their payouts at a record-breaking $3.2 billion to policyholders, according to the Insurance Bureau of Canada. This is more than triple the normal payout rate, which has averaged $1 billion since 201.... More »
Should you buy a vacation property? Aug 27th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird.
There are many emotion-driven reason.... More »
CPP payment dates in 2025, and more to know about the Canada Pension Plan + MORE Feb 24th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Is the CMHC’s mortgage insurance calculator wrong? + MORE Aug 11th
Q: MoneySense says that a 20% home down payment waives any mortgage loan insurance premium. However, when I enter a purchase price of $250,000 with a down payment of $50,000 on the CMHC’s website calculator it gives me a mortgage insurance premium of $2,500, not $0. What gives?
—Jonathan Kuzub, .... More »
The Federal EI Rate Freeze Is Now In Effect
– ratesupermarket.ca
New year, new policies - as promised last September by Prime Minister Stephen Harper, the feds have put their freeze on Employment Insurance rates into action.
The EI rate freeze, which took effect New Year’s day, will suspend the premium rate for employees at $1.88 per $100 of insurable earnings through until the beginning of 2017.
But the Canadian Taxpayers’ Federation – a not-for-profit citizen’s advocacy group which lobbies for lower taxes, less waste and accountable government (probably unbeknownst to you on your behalf) – warns some taxpayers might see a little spike in their premiums.
According to the group’s New Year’s Tax Changes report, maximum employee EI rates will go up by $23 in 2014 to $914!
Don’t worry though; your boss isn’t off the hook. The CTF also calculates that maximum EI rates paid by employers will climb $31 to $1279.
To put it in perspective, a working couple with each partner bringing in at least $48,600 in 2014 will pay $4,386 in EI payroll taxes to Ottawa…
Credit Card Profile: TD Aeroplan Visa Infinite
– ratesupermarket.ca
TD’s longstanding goal to become the primary issuer of Aeroplan rewards became a reality on January 1st, as their deal with CIBC finalized and a brand new travel rewards credit card hit the market.
The lender has wasted no time launching the TD Aeroplan Visa Infinite, a doozy of a travel card featuring plush VIP perks and comprehensive travel insurance. The new card will be followed with additional Aeroplan options in the months to come, as TD develops its new rewards suite and completes the transfer of roughly 550,000 CIBC Aeroplan cardholders.
The End Of A Dramatic Deal
The completed transaction comes after terse negotiations with former provider CIBC, who dominated the Aeroplan reward space for decades. Change arose when Aeroplan owner Aimia announced they would not renew their contract with the lender, and would join forces with TD in the new year.
CIBC initially cried foul, citing breach of contract and their first right of refusal. A three-way settlement was eventually reached, with half of CIBC’s Aeroplan clients sold to TD in a $162…
TORONTO – Home owners should prepare to pay more for property insurance as the severe weather trend that has battered the country during the past year is expected to continue.
Experts say that as insurance companies are forced to pay out more policies to cover storm damage, there are likely to be increases to premiums and to the way insurance is sold.
Intact Financial Corp., one of Canada’s largest property and casualty insurers, says it has raised premiums by 15 to 20 per cent during the past few months as catastrophic losses and weather-related claims have risen.
The company has also introduced peril-based pricing and changes in the products, and is increasing its push to educate customers on how to limit the impact of storms.
While it’s still too early to say how much the deep freeze that enveloped much of eastern Canada and the U.S. northeast during the holiday season will cost, the Insurance Bureau of Canada says it’s part of a trend of severe weather that shows no sign of slowing down…
Experts say that as insurance companies are forced to pay out more policies to cover storm damage, there are likely to be increases to premiums and to the way insurance is sold.
Intact Financial Corp., one of Canada’s largest property and casualty insurers, says it has raised premiums by 15 to 20 per cent during the past few months as catastrophic losses and weather-related claims have risen.
The company has also introduced peril-based pricing and changes in the products, and is increasing its push to educate customers on how to limit the impact of storms.
While it’s still too early to say how much the deep freeze that enveloped much of eastern Canada and the U.S. northeast during the holiday season will cost, the Insurance Bureau of Canada says it’s part of a trend of severe weather that shows no sign of slowing down…
