All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
Ivanka Trump defends paid leave plan in Wall Street Journal Jul 6th
First daughter Ivanka Trump is defending a White House proposal to mandate paid leave for new parents in a letter to the editor published Wednesday in The Wall Street Journal.
The paper had previously criticized the Trump administration plan “as bad policy and worse politics” that would .... More »
The GIC Laddering Strategy: Reach for Returns with Safety Jun 20th
When you save for retirement through investing, you have two main goals: to grow your money but also to protect what you put in from being wiped out.
So, for most people, it makes sense to put a portion of their money into fixed-income products that keep their principal safe and provide a steady s.... More »
How to find a lost life insurance policy Feb 12th
My stepfather left a will and a trust with my mom and brother as trustees. My stepfather raised me since I was five. Before he died, he told me he had a policy with my name on it, but my mom and brother won’t tell me. What could I do? Do I have rights?—Ladana
The details of a will and lif.... More »
Cisco’s Fast Future Innovation Awards is Accelerating Canadian Innovation, Returning for 2022 + MORE Sep 13th
An innovative idea is like a ripple in an ocean: given the right push, it can become a tidal wave. That’s something Mathieu Lachaîne, the Chief Technology Officer of Montreal-based smart-building-technology firm Sentiom knows firsthand.
Sentiom developed a cutting-edge AI-driven monitoring-and.... More »
Will the average home insurance cost go up because of COVID-19? Aug 31st
What does home insurance have to do with the pandemic? Canadians have been spending more time at home as a result of the COVID-19 pandemic, and that’s a good thing–we’re all trying to stop the spread of the coronavirus and get back to life as we knew it. However, all of that extra time in our .... More »
The Ins and Outs of Home Insurance for the First-Time Buyer
– ratesupermarket.ca
There’s so much to know as a first-time homebuyer, not the least of which is how to protect your brand new asset. Home insurance is something that isn’t mandated, but homeowners should include it as part of their financial plan. We’ve broken down the ins and outs of purchasing home insurance to ensure you receive the best possible protection at the right price.
Why Should I Get Home Insurance?
Insurance is one of those areas where you may feel like you’re throwing your hard-earned cash into a black hole every year. The truth is, the consequences of not purchasing it are too stressful to even imagine. In the case of home insurance, it will cover the replacement cost of your valuables and living expenses if you’re not able to stay in your home after an unforeseen event.
What Type of Home Insurance Should I Get?
Your options range from basic which only covers specified risks, to comprehensive which covers virtually every risk. The type of insurance you purchase depends entirely on the level of risk you’re willing to take on, and how much you’re willing to pay…
OTTAWA – An in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash.
The report from the Paris-based Financial Action Task Force makes special note of real estate as an area of the economy with a high risk of illicit activity, one of a few weak spots in what the report calls a comprehensive federal regime to combat money laundering and terrorist financing.
The charitable and life insurance industries are also identified in the report as sectors at risk of providing financial help to terrorists and criminals.
Of particular concern are real estate schemes in which a foreign or domestic criminal provides cash to a local buyer, or more sophisticated schemes where loans and mortgages are combined with lawyers’ trust accounts to move money around quietly.
The Canada Revenue Agency is investigating questionable transactions in the Vancouver real estate market, part of a wider study the federal government is doing into ever-rising housing prices there and in Toronto…
The report from the Paris-based Financial Action Task Force makes special note of real estate as an area of the economy with a high risk of illicit activity, one of a few weak spots in what the report calls a comprehensive federal regime to combat money laundering and terrorist financing.
The charitable and life insurance industries are also identified in the report as sectors at risk of providing financial help to terrorists and criminals.
Of particular concern are real estate schemes in which a foreign or domestic criminal provides cash to a local buyer, or more sophisticated schemes where loans and mortgages are combined with lawyers’ trust accounts to move money around quietly.
The Canada Revenue Agency is investigating questionable transactions in the Vancouver real estate market, part of a wider study the federal government is doing into ever-rising housing prices there and in Toronto…
