All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
How does rent from a family member or common-law partner get taxed? Jan 28th
A client of mine told me (Ontario) that his girlfriend moved in and is paying $1,000 per month towards household costs. They won’t be common-law for 3 years in Ontario. Would this count as tax free?—Hans
There are a few considerations here for your client, Hans. I will break them down. .... More »
Gen Z Canadians face job losses—but time is on their side Feb 5th
Statistics Canada has released new employment insurance (EI) data, and it doesn’t look good for Canadian workers. In the year ending November 2025, the number of people receiving EI rose by 16.1%. Among young Canadians aged 15 to 24, the increase was 12.4%. While this group wasn’t hit the hardes.... More »
Canada’s best travel credit cards 2020 Nov 15th
With a good travel credit card in your name, going on a trip can suddenly become more affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the f.... More »
Critical illness and disability insurance in Canada Sep 29th
When I bought my home and car, I also bought home and car insurance—it wasn’t even a question. (Plus, car insurance is mandatory in Canada.) If you own a home or a car, you probably also have insurance to protect your valuable asset. You might also be one of the 22 million Canadians who have lif.... More »
Preparing taxes for someone who died Feb 9th
When you are managing the tax affairs of someone who has died, there are important steps to take to notify the Canada Revenue Agency (CRA), represent the deceased taxpayer, and finalize their tax filings.
Contacting the CRA
You should contact the government as soon as possible. This incl.... More »
“Do I need to tell my insurance company about a house fire or flood that I fix myself?”
– moneysense.ca
You had a fire or flood in your home. Now you’re thinking about trying to fix the damage without telling your insurance company so that your rates don’t go up.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think too long, as your insurance policy will require you to report a loss like this right away.
You will also not be allowed to start the repairs on your own in a “see how it goes” type of way and report the claim later if your repairs aren’t working out as planned.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think too long, as your insurance policy will require you to report a loss like this right away.
You will also not be allowed to start the repairs on your own in a “see how it goes” type of way and report the claim later if your repairs aren’t working out as planned.
Click to compare home insurance quotes from some of Canada’s top providers*
Many people think their home insurance claim will result in the insurance company fixing everything related to a specific problem or incident. That’s likely not true. Normally, an insurance policy only covers the repairs that are a result of the fire or the flood; it does not cover fixing the cause of the fire or the flood—for example, faulty wiring that caused a fire, or a frozen pipe that burst may not be covered in your payout from a house insurance claim…
