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Toronto’s hot housing market is making divorce even messier — here’s how splitting couples can cope Jun 20th
One financial adviser says she’s done financial planning for separating couples who can’t afford to move out to begin with, so both parties remain in the home. Others end up in tiny condos with no room for the kids.... More »
Find the best mortgage rates in Canada Feb 4th
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
What is Sun Life’s new decumulation product? + MORE Oct 30th
Late in September, Sun Life joined a small group of Canadian financial firms offering would-be retirees a decumulation product designed to help pensioners make the often-tricky transition from saving and accumulating wealth to drawing it down. It’s called MyRetirementIncome.
In doing so, it joi.... More »
U of T receives $35 million investment to study high-risk pathogens - The Medium - The Medium Dec 5th
U of T receives $35 million investment to study high-risk pathogens - The Medium The Medium.... More »
CPP payment dates in 2026, and more to know about the Canada Pension Plan + MORE Jan 2nd
In Canada, most retirement plans include the Canada Pension Plan (CPP). Whether retirement is just around the corner or still years away, CPP is likely to form part of your retirement income. How much you receive depends on factors such as your earnings history, contributions, and when you start col.... More »
What happens when you need additional contents insurance?
– moneysense.ca
When Anita Clarke bought her first townhome in Toronto’s west end last year, she started researching insurance policies. The 47-year-old senior managing editor at Shopify previously had tenant insurance with a contents limit of $90,000. But, as she moved into her new home, she wanted to make sure her luxury clothing collection—composed of dresses by designers like Comme des Garçons, Maison Margiela and Greta Constantine—was adequately insured in case something ever happened to it.
“I [didn’t] need some actuary looking at a $2,500 Comme des Garçons dress and saying, ‘This is only worth $50,’” Clarke says. She was searching for a policy that would not account for depreciation in the value of her dresses—this was not an ordinary wardrobe, after all.
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Actual cash value vs replacement cost
After speaking with an insurance broker, Clarke was presented with various insurance policies whose contents coverage offered actual cash value…
