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Ottawa says federal deficit for 2016 17 fiscal year was $17.8 billion + MORE Sep 20th
OTTAWA _ The federal Finance Department says the government ran a smaller deficit than it was expecting in the spring budget, ending its 2016-17 fiscal year with a deficit of $17.8 billion.
That compared with a $23-billion deficit that was forecast in the spring budget.
The smaller-than-expected def.... More »
Scotiabank Scrambles to Fix Credit Card Statement Errors Nov 8th
On October 20, 2019, Scotiabank identified a technical error where legitimate charges on certain customers’ credit card statements were mislabeled as “BNS Scotia Life Insurance.” The mistaken charges all took place between October 18 and 20. Many customers were angry and took to.... More »
Making sense of the markets this week: November 3, 2024 Nov 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Apple, Nvidia growth—no cap
Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic q.... More »
Does a 21-year-old need life insurance? Jul 18th
Q: I am 21-years-old, studying full-time, working part-time, and I would like to know when is the “right” time to get life insurance and if I really need life insurance this young. I work in the banking services industry and I hear a lot of my customers discussing their insurance detail.... More »
Ages 13 to 17: Teaching teens to budget Aug 24th
It happens so fast you could miss it. But in their teens, kids need to start moving from thinking about money in small amounts (weekly) to larger amounts (monthly). “They should start getting more money for longer periods of time, but now they also need to start taking personal responsibility for .... More »
How You Can Prevent Travel Emergencies
– ratesupermarket.ca
The ideal vacation goes off without a hitch – with nary a medical concern on the horizon. There’s nothing worse than falling ill or injured while on a trip. Unfortunately, problems when travelling are common enough – and they can happen to you too. If disaster struck on your vacation, would you know how to react? Here are some key steps to take in a worst case scenario.
Keep Up To Date
Conflicts, natural disasters and other concerns can lead to worries about unsafe travel to foreign destinations. Keep yourself informed as you plan your trip via the Government of Canada’s travel web site. FYI, many travel insurance companies will void your policy if you travel to a country under a travel advisory.
Read The Fine Print
Look over all your travel documents in advance to be sure you know the limits of your travel insurance, your flights (some can be changed, some cannot) and your hotel and transportation reservations. If something happens, you may need to change your plans and use things such as trip cancellation insurance…
Don’t Be Misled By Travel Insurance Myths
– ratesupermarket.ca
A still strong Canadian dollar means more families are likely to choose U.S. destinations for their winter vacations this year.
The chances are good, however, that most of those crossing the border won’t have adequate travel insurance, maintains Milan Korcok, editor of the Travel Insurance File.
Too many travellers rationalize their way out of buying travel insurance by touting how healthy they are, how small a risk they run by just staying out of the country for a weekend, or how if they did start to feel ill, they’d quickly pop back home, he maintains.
Here are just a few of the misconceptions that get people in trouble:
Myth #1: You Only Need Coverage Outside Canada
While it’s true that travelling within Canada presents a lesser risk, you’re not necessarily in the clear once you cross provincial borders.
While provinces and territories all have standing agreements that allow Canadians from other regions to seek emergency medical treatment without cost, that doesn’t mean all costs are covered…
Travel Insurance Tips For Snowbirds
– ratesupermarket.ca
Are you planning on leaving the country for a little rest and relaxation down south this winter? If so, you’re not alone; many retired Canadians flock to warmer abodes, leaving the snow and wintry weather behind. However, newbie snowbirds will find it’s more complex than just getting up and going. In fact, there are quite a few things you should do in preparation for your winter vacation. Here’s what you need to check off before taking flight.
Do You Need A Travel Visa?
If you’re a Canadian heading south to the U.S., you can stay there for six months without a travel visa, even if you own U.S. property. Rules vary greatly from country to country though, so be sure to check out visa requirements if you intend to stay abroad.
Cover Your Car
If you’re driving down, at a minimum, you’ll want to take your car in for a tune up and ensure it’s up to the cross-border journey. It’s also very important to check in with your car insurance provider – you may be required to pay a supplemental premium for your trip…
How Much Travel Insurance Is Enough?
– ratesupermarket.ca
One of the things Canadians are proudest of is our “universal healthcare” coverage. Yet “universal” is a bit of a misnomer, since it’s generally not valid outside the country, and there are even variations from province to province. How much travel insurance is enough? Here’s what you need to know about your coverage before heading out of town.
Are You Already Covered?
When my oldest daughter was about 10 months old, we drove down to New York City to visit friends who were living there. On our last day in town, we woke up to discover a baby with one eye swollen shut. We rushed to our friends’ pediatrician who diagnosed that she’d scratched her eyeball in her sleep, a relatively common occurrence we were told. The doctor prescribed antibiotic drops, and told us not to worry. Oh, and don’t forget to leave your $200 cash on the way out the door.
We were lucky; my wife’s employee health plan included travel insurance that covered most of the cost of the doctor’s visit, plus 80 per cent of the cost of the prescription (as it would at home)…
