All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
Great West Lifeco reports lower Q3 profit due to hurricane related losses + MORE Nov 3rd
WINNIPEG _ Great-West Lifeco Inc. reported a drop in its third-quarter profit compared with a year ago as it was hit by costs related to hurricanes Harvey, Irma and Maria.
The insurance company says it earned $581 million or 59 cents per share for the quarter ended Sept. 30 compared with a profit of.... 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 »
What’s my RRSP contribution limit? Feb 12th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2018 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your cont.... More »
Amazon, Buffett and JPMorgan join forces on health care Jan 30th
Three of corporate America’s heaviest hitters _ Amazon, Warren Buffett and JPMorgan Chase _ sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.
The announcement was short on deta.... More »
Top Cars that Save You the Most on Gas Mar 3rd
Feeling pinched at the pump lately? You’re likely not alone.
Nationwide, Canadians have seen increases in gas prices. According to recent data from Statistics Canada, the cost of gasoline has gone up by 20 per cent year over year. In Alberta specifically, the cost of gas is up almost 34 per cent .... More »
Snowbirds! Beware of these new tax rules
– moneysense.ca
Planning any extended visits outside of Canada? Be careful your annual leave doesn’t exceed 182 days, because it could impact your eligibility to collect child tax benefits, employment insurance and Old Age Security—all due to a new border exit-tracking system the federal government is rolling out as part of the ongoing Perimeter Security Pact. Future phases of this initiative, which began in 2011, will see Canada exchange names, date of birth and nationality/citizenship for all travellers at all common land ports of entry with the U.S.—with plans to start collecting exit records from those travelling by air, too. Once these provisions are enacted, Canada will be able to determine which travellers lose their status as residents. Go here for more information.
The post Snowbirds! Beware of these new tax rules appeared first on MoneySense.
The top MoneySense reads of 2015
– moneysense.ca
The year is wrapping up and MoneySense had a 2015 jam-packed with stories to help you boost your personal finances. We look back at our best stories of 2015 that you might have missed (or may want to read again!) From an entertaining take on one man’s journey to track his every expense, to an instructive guide about everything you’ll want to know about insurance, these stories have it all.Take a look at our editors’ top picks:
Built to last
Our reviews and entertaining videos put products to the test so you know they really are built to last. Need a new hockey stick? A brand new pair of boots? Or maybe a keyboard? (The company says it’s vomit-proof. We didn’t go there but we did test it with chilli, beer and cookies. Check out the video.)
—David Thomas, Editor-in-Chief
The crunch years
What one man learned about his young family’s personal finances by obsessively tracking every transaction made over 12 years. Read his budgeting lessons and see what it takes to get through the crunch years…
