How to go about securing the best policy for your insurance in Canada.
Latest News
The Benefits of Donating a Life Insurance Policy to Charity + MORE May 7th
Life insurance policies cannot only be left to an individual beneficiary, but can be donated to charity. Along with the satisfaction of knowing that you are leaving money to a worthy cause, donating your policy will also have certain tax benefits.
Donating your life insurance policy can be accompli.... More »
Berkshire quarterly profit hurt by weather, insurance + MORE May 2nd
Results released a day before Buffett and vice-chairman Charlie Munger welcome tens of thousands of shareholders to company’s annual meeting in Omaha
.... More »
Does Canada’s real estate sector risk being a hotbed for crime? + MORE Sep 16th
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 estat.... 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 Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following....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 »
Top Cars that Save You the Most on Gas Mar 3rd
Feeling pinched at the pump lately? You’re likely not alone.
Nationwide, Canadians have seen increases in gas prices. According to recent data from Statistics Canada, the cost of gasoline has gone up by 20 per cent year over year. In Alberta specifically, the cost of gas is up almost 34 per cent .... More »
Life Insurance for Scuba Divers
– life-insurance-quotes.ca
Millions of people around the world enjoy scuba diving. There is fresh water diving, ocean diving and other activities like diving in caves and around old ship wrecks. Read on to find out how the risks involved with scuba diving will be looked at by underwriters, as well as their most likely decisions.
Don’t get caught retired and broke
– moneysense.ca
In my research I have found one age group that is at much greater financial risk than others. It’s the age 55 to 64 group—both male and female. The risks for this group are almost always health related. Most Canadians greatly underestimate health risks. Individuals in this age group who have had to stop working due to health issues are not eligible for many retirement benefits until they reach age 65. In this corridor leading to retirement there are increasing expenses such as prescription medications and health aids, but often there is little or no insurance available. Until the individual reaches age 65 they find it necessary to tap into their savings or take on more debt. Even upon reaching age 65, some continue with financial challenges.
Three key factors for financial security later in life:
Three key factors for financial security later in life:
Be financially literate. This does not mean becoming an expert in everything. Make it a personal policy to not sign anything if you do not understand the full implications of it. Keep asking questions and doing research until you are satisfied…
Worst pension funds
– moneysense.ca
Canadian-owned bond rating agency DBRS has listed the its top 20 worst funded Canadian pension funds as of the end of 2012. The list includes Ontario Power Generation, Air Canada, Hydro-Quebec, Bombardier, Imperial Oil, all with billion dollar plus deficits. Employees at Pembina Pipeline, Tormont Industries, Norbord, Husky Energy and Surperior Plus Income on the hand can feel confident their pension plans are actually running multimillion dollar surpluses.
The MoneySense Beginner’s Guide to Personal Finance hit digital newsstands today. The eBook has everything you need to know the real world of money including tips on saving, debt, mortgages, car-buying, insurance and taxes. It’s the perfect gift for recent graduates. Check out the iTunes, Amazon and Kobo online stores to buy a copy. Or try your luck by entering our contest below to win a free iTunes copy.
The MoneySense Beginner’s Guide to Personal Finance hit digital newsstands today. The eBook has everything you need to know the real world of money including tips on saving, debt, mortgages, car-buying, insurance and taxes. It’s the perfect gift for recent graduates. Check out the iTunes, Amazon and Kobo online stores to buy a copy. Or try your luck by entering our contest below to win a free iTunes copy.
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