There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet Nov 11th
CBC's Marketplace rounds up the consumer and health news you need from the week, including why those fake CRA calls won't go away, investigating credit card insurance and looking at apple juice labels..... More »
TFSA contribution room calculator + MORE Nov 5th
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 e.... More »
Universal Life Insurance Dec 18th
Universal life insurance is a hybrid policy that combines certain elements of both term and whole life. Universal life coverage offers the consumer the benefits of a more conventional term life policy and can build up a cash value more quickly than traditional whole life. It also offers a less rigid.... More »
How much life insurance do I need? + MORE Mar 12th
Life insurance can be a tough task to face, but it’s pretty essential to ensure that your loved ones are looked after you die. Grief is difficult enough without having to deal with the stress of not being able to keep up with mortgage or car payments. But how much life insurance do you need? Here,.... More »
How to make the most of your TFSAs in retirement + MORE Dec 17th
Unlike your Registered Retirement Savings Plan (RRSP), which must start winding down the end of the year you turn 71, you can keep contributing to your tax-free savings account (TFSA) for as long as you live. Even if you make it past age 100, you can keep adding $6,000 (plus any future inflation adj.... More »
The costs of the Fort McMurray fire
– moneysense.ca
A wild fire rips through the forest 16 kilometres south of Fort McMurray, Alta., on highway 63 on May 7, 2016. (THE CANADIAN PRESS/Jonathan Hayward)When the wildfire struck outside Fort McMurray a year ago, Rocco Neglia was sitting in a regular office meeting across the country at the head office of his firm Economical Insurance, in Waterloo, Ont.
The latest news was initially positive, recalls the vice-president of claims. “I got an email that morning from our Edmonton office saying wind conditions were good and it looked like we would avoid complications due to the fire,” says Neglia.
“But then at about 1:00 pm, that forecast changed and the entire town was given evacuation orders. I kept looking at my mobile device and knew by midday that it would need a huge response from the insurance industry.”
In the end, in addition to bringing devastation on the lives of residents it would become the most expensive disaster in Canadian history and the impact continues to be felt on the local and regional economy…
