How to go about securing the best policy for your insurance in Canada.
Latest News
Fort McMurray fire: Home insurance and clean up tips + MORE May 10th
(Ryan Remiorz/The Canadian Press via AP)
The fires raging through northern Alberta have galvanized a province and moved a country. The images are horrific. The stories are both inspirational and heartbreaking. It’s a story close to my heart (despite the almost 4,000 kilometres that separate me fr.... More »
Is the Recession Behind Us? + MORE Oct 6th
Finance headlines have touted news of a recession all year – could we now be in for a turnaround? Canada’s economy grew in July by 0.3 per cent following a 0.4 per cent rise in June. The real Gross Domestic Product (GDP) data from Statistics Canada comes after five consecutive months of d.... More »
A guide to mortgage calculators Jan 23rd
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
Canadian Dental Care Plan news: Coverage expanding on May 1 Apr 26th
How to apply for the Canadian Dental Care Plan
Starting on May 1, the Canadian Dental Care Plan (CDCP)—a federal program designed to make dental care more affordable for those Canadians without access to dental insurance—will be open to more age groups.
Here’s when you can apply fo.... More »
How to qualify for EI benefits in retirement Mar 27th
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 shou.... More »
Smokers and Life Insurance: Do You Have Enough Coverage?
– ratesupermarket.ca
Considering the number of smoking-related deaths annually, one would think smokers would be wise to take out sufficient life insurance – but many don’t, causing potential financial problems for their families, according to research from UK-based Confused.com.
The gap between the amounts of life insurance coverage taken out by smokers compared to non-smokers means that those who light up regularly are at higher risk of leaving their loved ones exposed to financial hardship – should the worst happen.
Currently, 30 per cent of the UK population admit to being smokers, with one in five (20 per cent) classifying themselves as regular smokers – and the Canadian numbers are eerily similar.
According to the most recent Stats Canada data, 5.8 million Canadians smoke – roughly 20 per cent of the population.
Also Read: How to quit smoking and save money>
Many Regular Smokers Are Under-Insured
However, with only two thirds of Canadian households having any life insurance at all, it’s clear that many regular smokers are likely under-insured – a worrying statistic…
In retirement, is dental insurance worth the bite?
– thestar.com
Many people wonder if they should buy dental insurance in retirement. For those with discipline, the answer for many may be no.
