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Latest News
TFSA contribution room calculator Aug 12th
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 »
Can you gain entry to your formerly shared home after a separation? May 7th
Q. I have somewhat of a complicated situation regarding my separation and the separation agreement, so I’ll try my best to give you as much information as possible:
February 2004: Partner and I started living together. He had just purchased a townhouse with financial assistance from his mother. I.... 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 »
5 tips for saving money on insurance costs Oct 14th
Saving money on insurance isn’t as big of a task as you might think. At first, it can feel overwhelming to navigate your insurance bill, looking for ways to reduce your premiums (and future costs too!). But the truth is, by making simple changes to your insurance policies and as well as handling a.... More »
The best travel insurance credit cards in Canada for 2023 Nov 1st
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The best travel insurance credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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So You Got Caught: How a DUI Will Affect Your Auto Insurance
– ratesupermarket.ca
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 may have your vehicle impounded and be required to attend treatment.
With a DUI conviction, you will have a criminal record. You may find it difficult to get a job as this conviction will show up in a police background check that a potential employer might run. When it’s time to move, you’ll learn that landlords can decide not to rent to you based on your DUI conviction.
DUI and your auto insurance in Canada
Most insurance companies will terminate your policy. You will have to obtain auto insurance through a high risk market at a significantly higher premium.
A well-informed insurance professional can help you find an auto insurance company that will cover you. Get quotes from multiple companies so you can get the lowest rate…
