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Manulife Vitality Program May 31st
Introduction
Welcome to our latest blog article. Today we are looking at a Health and Wellness program called Vitality®, which can now be obtained when individuals or families purchase certain Manulife personal or group insurance plans.
This Vitality program can be used as an aid to improving heal.... More »
How does a reverse mortgage work in Canada? Sep 1st
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
How much does life insurance cost in Canada? + MORE Mar 24th
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
TD Cash Back Visa Infinite review 2022 + MORE Apr 1st
If you consider yourself a coffee-lover, foodie, traveller—or all of the above—this cash back card might be the perfect for your lifestyle. It offers a strong earn rate on food and travel spends. It also includes perks that offer peace of mind on your daily commutes or big vacations, like compli.... More »
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 »
Saskatchewan deficit down to $595M, aiming to balance by 2020: fiscal update
– canadianbusiness.com
REGINA _ The Saskatchewan government’s latest fiscal update shows a dip in the provincial deficit forecast and a slight slip in provincial revenue and expenses.
The third-quarter report projects the 2017-2018 deficit will be $595 million _ down $101 million from the red ink outlined in the last budget.
Third-quarter revenue is expected to come in at $13.9 billion, down $222 million or 1.6 per cent from budget estimates.
The government says that’s largely the result of lower than expected 2016 assessments for personal and corporate income taxes.
Expenses are projected to decline by 1.8 per cent, thanks in part to a large reduction in crop insurance claims.
Finance Minister Donna Harpauer says in a statement that her goal is to balance the budget by the 2019-2020 fiscal year.
“Our economy is performing well and is expected to post positive growth for the first time in two years,” Harpauer said Friday. “We will meet our fiscal challenges by controlling spending and ensuring we do what we can to help keep our economy strong…
The third-quarter report projects the 2017-2018 deficit will be $595 million _ down $101 million from the red ink outlined in the last budget.
Third-quarter revenue is expected to come in at $13.9 billion, down $222 million or 1.6 per cent from budget estimates.
The government says that’s largely the result of lower than expected 2016 assessments for personal and corporate income taxes.
Expenses are projected to decline by 1.8 per cent, thanks in part to a large reduction in crop insurance claims.
Finance Minister Donna Harpauer says in a statement that her goal is to balance the budget by the 2019-2020 fiscal year.
“Our economy is performing well and is expected to post positive growth for the first time in two years,” Harpauer said Friday. “We will meet our fiscal challenges by controlling spending and ensuring we do what we can to help keep our economy strong…
Vancouver Feb. home sales fall amid mortgage, interest rate changes
– canadianbusiness.com
VANCOUVER _ Home sales in Metro Vancouver fell more than 14 per cent below the 10-year average in February as buyers contended with stricter mortgage rules and higher interest rates, according to statistics released Thursday.
The Real Estate Board of Greater Vancouver’s data showed that 2,207 homes sold last month. That’s down nine per cent from the same time last year and 14.4 per cent from the 10-year February average.
Detached homes experienced the biggest drop, down 39.4 per cent compared to the average. Townhomes fell 6.8 per cent, while condos rose 5.5 per cent.
“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, president of the Real Estate Board of Greater Vancouver, said in a statement.
The Office of the Superintendent of Financial Institutions implemented new lending guidelines in January that require borrowers who don’t need mortgage insurance to show they would still be able to make payments if interest rates rise…
The Real Estate Board of Greater Vancouver’s data showed that 2,207 homes sold last month. That’s down nine per cent from the same time last year and 14.4 per cent from the 10-year February average.
Detached homes experienced the biggest drop, down 39.4 per cent compared to the average. Townhomes fell 6.8 per cent, while condos rose 5.5 per cent.
“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, president of the Real Estate Board of Greater Vancouver, said in a statement.
The Office of the Superintendent of Financial Institutions implemented new lending guidelines in January that require borrowers who don’t need mortgage insurance to show they would still be able to make payments if interest rates rise…
