How to go about securing the best policy for your insurance in Canada.
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BREAKING: Ontario Car Insurance Rates Decrease + MORE Oct 18th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have decreased by 0.1 per cent on average.
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Is a personal injury settlement taxable, and can it impact OAS or GIS benefits? + MORE Aug 19th
Q. I received a small settlement for an Ontario car accident, which my lawyer says is non-taxable, and so noT4A will be issued. If I deposit the funds into a bank account, will this one-time settlement clawback my OAS and GIS benefits?
–J
A. I’m sorry to hear about your accident, J. Hopefully .... More »
What is universal life insurance? + MORE Jun 25th
Among your different life insurance options, a universal life insurance policy is one of the most complex. It requires more involvement than both term and whole life insurance policies—so you can’t simply set it and forget it. And you have decisions to make regarding how much you pay, and how th.... More »
5 things to know about the Equifax hack Sep 12th
MONTREAL — Credit monitoring company Equifax says it was hit between mid-May and July by a high-tech heist of sensitive personal information from about 143 million Americans, including an unspecified number of Canadians.
Here are five things you need to know:
1) What is Equifax: The Atlanta-based.... More »
The different types of home insurance—which one do you need? Jan 7th
Over the course of your lifetime, you’re sure to find yourself in different living arrangements. From your childhood bedroom to eventually purchasing your own house (and all the fun stuff in between), our different homes reflect the transitions of our lives. From the moment we start to live alone.... More »
How to qualify for EI benefits in retirement
– moneysense.ca
Q: I’m a 75-year old male, working part-time and contributing to EI every 2 weeks; and have been for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to retire so I should qualify for some remuneration (benefits).
—JM
A: Employment insurance (EI) is a program administered by Service Canada that provides both regular and special benefit payments. Workers contribute to the program through payroll deductions withheld from their salaries. Since 2010, people who are self-employed can make optional contributions and may qualify for special benefits.
Keep more benefits with pension income splitting »
Regular benefits are paid to eligible employees who lose their job through no fault of their own, JM. Typically, this would include those who are terminated because of a restructuring or those who work in seasonal industries.
Ask a Planner: Leave your question for Jason Heath »
Special benefits include parental benefits (maternity and paternity leave), sickness benefits (for those who cannot work due to injury or illness), compassionate care benefits (for those caring for a seriously ill family member) or parents of critically ill children benefits…
