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Latest News
Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle Dec 19th
The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
TFSA contribution room calculator Jan 11th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds .... More »
Need to cancel a trip due to COVID-19? Here’s how to get your money back Mar 15th
Most airlines and hotels are waiving cancellation fees, but collecting on travel insurance could be tough..... More »
What you need to know about third-party liability insurance in Canada Oct 10th
Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party in.... More »
The best credit cards for seniors + MORE Oct 31st
What are the best credit card for seniors in Canada? That was a question we recently received from a reader, and while credit cards are more about an individual’s unique spending habits and the benefits they find most useful in a credit card than age, we still thought we should help. With this in .... More »
Desjardins, provincial credit unions and Cumis partnering to create Aviso Wealth
– canadianbusiness.com
TORONTO _ Quebec credit union Desjardins Group is partnering with five credit union centrals across the country and insurer Cumis Group Ltd. to form Aviso Wealth, with over $55 billion in combined client assets.
The new wealth management company will bring together the businesses of their subsidiaries, Credential Financial Inc., Qtrade Canada Inc. and NEI Investments.
Leading the new organization as chief executive will be Bill Packham, CEO of Qtrade Canada Inc. It will have its main offices in Toronto and Vancouver.
Aviso Wealth will be jointly owned by Desjardins and a limited partnership including the Atlantic Central, Central 1 Credit Union, the Credit Union Central of Manitoba, the Credit Union Central of Saskatchewan, the Credit Union Central of Alberta and Cumis.
The credit union centrals represent approximately 300 credit unions across Canada. Ontario-based Cumis is owned jointly by Co-operators Life Insurance Co. and Central 1 Credit Union.
The transaction is expected to close in the first quarter, subject to regulatory approval and customary closing conditions…
The new wealth management company will bring together the businesses of their subsidiaries, Credential Financial Inc., Qtrade Canada Inc. and NEI Investments.
Leading the new organization as chief executive will be Bill Packham, CEO of Qtrade Canada Inc. It will have its main offices in Toronto and Vancouver.
Aviso Wealth will be jointly owned by Desjardins and a limited partnership including the Atlantic Central, Central 1 Credit Union, the Credit Union Central of Manitoba, the Credit Union Central of Saskatchewan, the Credit Union Central of Alberta and Cumis.
The credit union centrals represent approximately 300 credit unions across Canada. Ontario-based Cumis is owned jointly by Co-operators Life Insurance Co. and Central 1 Credit Union.
The transaction is expected to close in the first quarter, subject to regulatory approval and customary closing conditions…
Housing market to slow in 2018 but prices to rise
– moneysense.ca
TORONTO — New stricter mortgage rules are expected to slow the housing market next year, but prices are still expected to rise about five per cent, according to a report by Royal LePage.
In its market survey forecast, the real estate firm says its house price composite, which measures prices in 53 Canadian cities, is expected to increase 4.9 per cent next year to $661,919.
A new stress test for homebuyers who don’t need mortgage insurance will be required starting next year.
The new rules are expected to reduce the maximum amount buyers who have a down payment of 20 per cent or more will be able to borrow starting Jan. 1.
The Royal LePage report suggests home prices in the Greater Toronto Area are expected to increase 6.8 per cent in 2018, while the Greater Montreal Area is expected to see an increase of 5.5 per cent.
Greater Vancouver is expected to increase 5.2 per cent in 2018.
The post Housing market to slow in 2018 but prices to rise appeared first on MoneySense.
In its market survey forecast, the real estate firm says its house price composite, which measures prices in 53 Canadian cities, is expected to increase 4.9 per cent next year to $661,919.
A new stress test for homebuyers who don’t need mortgage insurance will be required starting next year.
The new rules are expected to reduce the maximum amount buyers who have a down payment of 20 per cent or more will be able to borrow starting Jan. 1.
The Royal LePage report suggests home prices in the Greater Toronto Area are expected to increase 6.8 per cent in 2018, while the Greater Montreal Area is expected to see an increase of 5.5 per cent.
Greater Vancouver is expected to increase 5.2 per cent in 2018.
The post Housing market to slow in 2018 but prices to rise appeared first on MoneySense.
