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Latest News
CPP payment dates this year, and more to know about the Canada Pension Plan Aug 4th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Common Life Insurance Mistakes to Avoid Mar 27th
Shopping for a life insurance plan that fits your particular situation can be a daunting task. There are many companies that offer life insurance and each company has pros and cons.
There are also different types of life plans with many different options.
In addition, mistakes can be made when enrol.... More »
Home insurance guide + MORE Dec 26th
Our guide to home insurance is here to remove the confusion and help you understand what home insurance is, whether you need it, how much it costs, and what it does and doesn’t cover. We break it down in a way that will help you get the best coverage for your home, your valuables and your budget.&.... More »
A guide to the best robo-advisors in Canada for 2021 + MORE Jan 3rd
The robos have invaded. What was once a little-known investing tool for tech-savvy investors is now so commonplace, everyone from newbie savers to retired boomers using robo advisors to help manage their money.
While advisors and traditional fund companies still manage the majority of money in C.... More »
The Power of Positivity: a Q&A With Onlia’s Fernand Vartanian Oct 19th
What’s new in the world of insurance?
Over the last few years, drivers in Ontario have been eligible for discounts or incentives based on safe driving behaviour. Recent regulatory changes mean that now some providers of pay-as-you-drive policies could increase a customer’s premium if the trac.... More »
What you need to know before starting a home renovation
– moneysense.ca
Q. I’m about to start a home renovation. What type of paperwork and contracts should I have with the contractor? And do I need any type of insurance in case anything goes wrong, or am I already covered under a home insurance policy?
–Sharon
A. These are all good questions, Sharon. Let’s start with the type of paperwork or contracts you as a homeowner should have with the renovator you hire. The short answer to this one is simple: you should have the kind that is thorough and in writing.
Much of the litigation I am involved in that’s related to home renovations is the result of the parties not entering into a written contract at all or not entering into a written contract that properly addresses everything that will go on between the parties during the renovation process. Having a thorough written contract is the best way for both the homeowner and the contractor to maximize the likelihood of things going smoothly. To put this another way, it will minimize the chance either will feel the need to get involved in litigation…
–Sharon
A. These are all good questions, Sharon. Let’s start with the type of paperwork or contracts you as a homeowner should have with the renovator you hire. The short answer to this one is simple: you should have the kind that is thorough and in writing.
Much of the litigation I am involved in that’s related to home renovations is the result of the parties not entering into a written contract at all or not entering into a written contract that properly addresses everything that will go on between the parties during the renovation process. Having a thorough written contract is the best way for both the homeowner and the contractor to maximize the likelihood of things going smoothly. To put this another way, it will minimize the chance either will feel the need to get involved in litigation…
