How to go about securing the best policy for your insurance in Canada.
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42% of Canadians don’t have life insurance—are you one of them? Sep 13th
September is life insurance awareness month, and a new report from digital insurance provider PolicyMe in partnership with Angus Reid is spotlighting a concerning gap in coverage among Canadians. The culprits? Affordability concerns, medical requirements, and mistrust of the insurance industry, acco.... More »
Canada’s best travel credit cards 2022 + MORE Jan 7th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
Mercedes-Benz starts subscription pilot from $1,095 a month Jun 12th
Subscribers can choose any vehicle within their tier with no mileage limitations, and a monthly fee covers insurance, vehicle maintenance and 24-hour roadside assistance..... More »
Financial planning in your 70s Feb 12th
When most people think about financial planning, they think about saving and investing for retirement. That is a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you’re not there yet, bookmark this fo.... More »
Fire insurance claims: When to tell your home insurance provider + MORE Sep 12th
“You don’t have to file a home insurance claim if you have a house fire,” is not something you would expect to hear from insurance experts. But in the wake of the increasing fire-related fatality numbers from the Ontario Fire Marshal, we couldn’t help but ask.
First, the numbers. Between Jan.... 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…
