There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Home insurance: Are you covered for wildfires, floods and other climate-related disasters? Jan 19th
In 2024, severe weather caused record-breaking property damage across Canada. Home owners and insurers are reeling from the impacts of multiple disasters, including floods in Toronto, Southern Ontario, British Columbia and Quebec; the wildfire in Jasper, Alta.; and a hailstorm in Calgary. Together, .... More »
Will you be able to afford long-term care? Aug 31st
What worries aging Canadians as they prepare for long-term care?
A BMO Wealth Institute study finds that the greatest health-care-related aging concerns include:
losing the ability to live independently (40%);
not having enough money to pay for adequate health care (17%); and
not being able to affo.... More »
Lawyers seek ruling on whether judges can dictate religious attire in court Mar 27th
MONTREAL – Lawyers for a woman who was denied a court appearance because of her hijab are seeking a legal opinion on the rights of Quebecers who want access to justice while wearing religious attire.
They filed a motion on Friday with the Quebec Superior Court on behalf of Rania El-Alloul, who.... More »
Why newlyweds need term life insurance + MORE Oct 14th
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The post Why newlyweds need term life insuranc.... More »
So You Got Caught: How a DUI Will Affect Your Auto Insurance Jun 16th
If you’ve been convicted of impaired driving in Canada or were caught driving with a blood alcohol level greater than .08, you are probably wondering what to expect from your auto insurance company. You likely have a Canada-wide restriction on driving and face a steep fine or jail time. You m.... More »
Ontario consumers might see benefit in the ever painful cost of car insurance.How I Used RSPs To Buy A Home
– ratesupermarket.ca
The Canada Revenue Agency’s Home Buyers’ Plan (HBP) allows first-time home buyers to borrow up to $25,000 from their RRSP savings to help pay for their first home purchase. It was also a tactic used by MoneyWise writer Rubina when purchasing her current home. Read on for her story.
Want to learn more about the HBP? Click here>
When my husband and I bought our first home together in 2009, we wanted to make sure we had a 20 per cent down payment in order to avoid Canada mortgage and housing corporation (CMHC) insurance. It also made us feel better knowing we were starting home ownership with a substantial amount of equity in our home. The house we fell in love with was over our budget, so that meant scrambling to find the extra money to put down. We turned to the Home Buyers’ Plan, which allows you to use your already-saved registered retirement savings plans (RRSP) money to fund the purchase of a house. Since this was my husband’s first home purchase, we decided at the time to take $15,000 out of my husband’s RRSP that we would then add to our down payment…
