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TFSA contribution room calculator Dec 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account 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&nb.... More »
Amazon, Buffett and JPMorgan join forces on health care Jan 30th
Three of corporate America’s heaviest hitters _ Amazon, Warren Buffett and JPMorgan Chase _ sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.
The announcement was short on deta.... More »
Review: Turo, the Airbnb of cars Feb 15th
Owning a car is notoriously expensive, but did you know you can actually make money with your car? Turo (formerly RelayRides) bills themselves as the Airbnb for cars is a service that allows you to rent out your car for cash!
That’s right, when you’re not using your vehicle, you can rent it out.... More »
New mortgage rules will affect first-time buyers Oct 10th
OTTAWA – Canada’s first-time home buyers may have to shelve their dream house fantasies due to lending changes announced this week by the federal government, mortgage brokers say.
Ottawa moved this week to tighten mortgage lending rules that will limit the amount many Canadians can borrow to hel.... More »
Deadline day brings push for health law enrolment after technical glitch on website fixed Feb 15th
WASHINGTON – After a computer glitch was patched up, supporters of President Barack Obama’s health care law were out in force Sunday trying to get uninsured people signed up by the official deadline for 2015 coverage.
The effort had the trappings of a get-out-the-vote drive, with email r.... More »
Travellers need to be very cautious about the type of coverage they’re buying before they head out of the country.
Insurance you need and don’t need
– moneysense.ca
(Paper Boat Creative/Getty Images)Q: What insurance should I get besides life insurance? How do I find the right insurance?—Jizza
A: I think it’s prudent, Jizza, that you are considering your insurance needs. Ignorance is not bliss when it comes to your finances and in particular when it comes to insurance.
I find that, more often than not, the primary focus for insurance needs is life insurance. This focus seems to be that of not only consumers, but also for insurance agents. The resulting risk is that people have the wrong type or amount of coverage or certain types of insurance are outright overlooked.
There is something about the severity of life insurance that makes it seem so important. It’s literally a life or death financial product. Almost anyone who has group benefits has life insurance coverage. And life insurance is definitely the most common policy I see purchased by clients separately from their group coverage.
Disability insurance
I find disability insurance is frequently overlooked when people consider their insurance needs…
