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Latest News
US economy surprises with faster than expected growth - BBC.com + MORE Jan 25th
US economy surprises with faster than expected growth BBC.comU.S. economy shrugs off recession prediction with strong fourth-quarter performance The Globe and MailU.S. economy grows more than expected at end of 2023, driven by consumer spending CBC NewsU.S. GDP unexp.... More »
Alberta Pension Plan: Why Alberta wants to leave the CPP—and what would replace it + MORE Oct 4th
In late September, Alberta Premier Danielle Smith opened a public online consultation on a proposal to withdraw the province from the Canada Pension Plan (CPP). Her announcement was tied to the release of a third-party report that claims, among other things, that Alberta is entitled to 53%, or $.... More »
Making sense of the markets this week: January 7, 2024 + MORE Jan 5th
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.
A look at 2024
Since we made this crystal ball thing look pretty easy last year with our 2023 markets forecast, we’re .... More »
Top 5 questions about family RESPs + MORE May 13th
If you’re saving up for a child’s post-secondary education, a registered education savings plan (RESP) can’t be beat as a savings tool. No other plan or account in Canada will give you access to thousands of dollars in government grants—free money for your kid’s future tuition and other ed.... More »
How to cope with the RRSP-to-RRIF deadline in your early 70s + MORE Mar 21st
As I wrote in my previous column on Fred Vettese’s PERC, I’ve reached the age when my registered retirement savings plan (RRSP) will soon have to be converted to a registered retirement income fund (RRIF) and/or annuitized. I turn 71 in early April, which means I have until the end of December 2.... More »
What is short-term disability insurance?
– moneysense.ca
Short-term disability (STD) insurance provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital. STD insurance is often offered by employers as part of their workplace benefits package. It’s not the same thing as employment insurance (more on this below).
Many Canadians lack disability insurance coverage. In 2018, an RBC Insurance survey found that fewer than half of Canadians had disability insurance through their employee benefits. Among those who didn’t, 84% hadn’t purchased it privately, either. If you’re in this boat, you may want to explore your options. Hopefully you’ll never need to make a claim, but life happens—and not having disability insurance can put you and your family at great financial risk.
Short-term disability insurance from an employer
If you’re ill or injured and you do have coverage through your employer, you can make a short-term disability claim…
