All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
What type of insurance does a home-based business need? May 27th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... More »
How much will you pay for CMHC mortgage loan insurance? Nov 15th
In this video, Preet Banerjee looks at how to calculate your CMHC mortgage loan insurance and how raising your down payment will help you save
.... More »
TFSA contribution room calculator + MORE Apr 9th
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 »
How to stake Cardano (ADA) in Canada + MORE Jun 12th
Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract f.... More »
How mortgage lending has changed over the years + MORE Jun 11th
OTTAWA – The federal government has moved several times in recent years to restrict mortgage lending. Here’s a quick look at some of the changes Ottawa has made:
Feb. 15, 2016: The minimum down payment for new government-backed insured mortgages increases from five per cent to 10 per cent for th.... More »
Time To Shop Around for Car Insurance Rates: Liberals Revive 15% Discount Plan
– ratesupermarket.ca
Great news for responsible drivers: after being shelved during the June Ontario provincial election, the Liberals have given new life to a plan to slash auto insurance premiums by an average of 15 per cent.
The Auto Insurance Cost and Rate Reduction Strategy mandates the discount must be implemented by providers as of August 2015. The Liberals announced the revivement of the bill Tuesday, expressing confidence that it would be in place by the proposed deadline, despite only a third of price cuts (an average of 5.44 per cent) rolled out since the bill was announced last September. As well, they have admitted a previous deadline to implement an average 8 per cent cut by this August will not be achieved.
It is estimated that a 15 per cent reduction in premiums would save the average driver $225.
A Great Time to Shop Around
About a dozen companies have already slashed rates by 10 per cent or more since the bill was introduced, and Ontario Finance Minister Charles Souza is confident more will follow as the mandated deadline approaches and competition ramps up among the industry…
The Auto Insurance Cost and Rate Reduction Strategy mandates the discount must be implemented by providers as of August 2015. The Liberals announced the revivement of the bill Tuesday, expressing confidence that it would be in place by the proposed deadline, despite only a third of price cuts (an average of 5.44 per cent) rolled out since the bill was announced last September. As well, they have admitted a previous deadline to implement an average 8 per cent cut by this August will not be achieved.
It is estimated that a 15 per cent reduction in premiums would save the average driver $225.
A Great Time to Shop Around
About a dozen companies have already slashed rates by 10 per cent or more since the bill was introduced, and Ontario Finance Minister Charles Souza is confident more will follow as the mandated deadline approaches and competition ramps up among the industry…
