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When are credit-card rewards worth paying an annual fee? Aug 4th
For the last decade or so, Jim and Willina Collins have enjoyed a regular bonus by using their no-fee cash-back credit card to pay for many of their expenses, including holiday flight and accommodation bookings, gasoline, vehicle repairs, and insurance on their vehicles (the couple have a car and a .... More »
What type of insurance does a home-based business need? May 27th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... 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 »
RRIF and LIF withdrawal rates: Everything you need to know Jun 25th
At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your RRSP to a RRIF is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either wit.... More »
Life insurance for kids: Do you really need it? Jul 23rd
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
W.... More »
Sleep Apnea and Life Insurance
– life-insurance-quotes.ca
Sleep apnea is a medical condition where breathing (while asleep) either stops completely or is severely restricted for awhile. We take a brief look at what sleep apnea is, and then examine how having sleep apnea might affect a life insurance application. We also offer tips on how to speed up the underwriting process.
Finance Minister Bill Morneau has tabled a budget that forecasts big deficits over the next five years and beyond to finance a new tax-free monthly child benefit, more money for First Nations, infrastructure spending and extended employment insurance benefits to hard-hit regions. Read highlights.
How the federal budget affects EI and small business
– moneysense.ca
The federal budget takes big steps to overhaul the employment insurance system but does not change the corporate tax rate for small businesses as anticipated. Changes include:
No. 1: Shorter waits for Employment Insurance benefits
Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.
No. 2: Increased eligibility to EI benefits
How a person qualifies for EI will change. For instance, Donald lives in Winnipeg, Man., where he has worked part-time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits. Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region…
A long-rumoured overhaul to Canada’s employment insurance regime is included in the budget, one that might even be more expansive than what those who had lobbied for changes were expecting.
