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Even after mastering the basics of tax preparation and filing, a lot of filers will often find out new things about their tax returns that end up delivering a few more benefits along the way. I call these tax "aha!" moments.
"Every Uber driver you drive with thinks they're insured."
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Street tuners are vehicles with modified equipment that improve performance or make them unique in their appearance. But even though they are completely legal for regular driving, most insurance companies shy away from providing coverage for tuners.
You've probably heard that buying a car is one of the worst investments you can make. Reports suggest Canadians spend more than $5,000 a year on maintenance and gas, not to mention tickets, driver's licence and plate renewals, parking and insurance. But does it really have to be this way?
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But regulatory approval is still pending.
To err is human. Mistakes can be a valuable learning opportunity, and sometimes, the bigger the mistake, the bigger your lesson will be. Lucky for us, there are plenty of people out there who made huge personal finance mistakes in 2015, and we have the benefit of being able to sit back and learn from them.
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Too many Canadians overlook a critical aspect of their financial plan: life insurance. We know the number of households that own individual life insurance policies is falling, but the reality is that 33 per cent of families would be in immediate financial trouble if something were to happen to their primary breadwinner.
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The current process has all the hallmarks of other industries that have been severely disrupted: centrally controlled by a head office, highly regulated, lacking transparency, subject to byzantine rules, and a lot of process friction from start to finish. There is nothing close to "online," "real time" or "customizable" about it.
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I made the huge-ass mistake of packing a valuable item -- Luckily, theft was covered by my travel insurance. Or so I thought. The insurance representative regretfully informed me that although stolen baggage was covered, my claim wasn't eligible. It was a baffling and maddening situation, but one that got me thinking: what other insurance loopholes are lingering out there?
Buying a new home can be a daunting experience -- especially if it's your first time. One thing that banks love to do is tie mortgage insurance into your mortgage agreement, right along with a dangerous-looking checkbox you need to fill in if you choose to "recklessly" opt out. Here's why I want you walk into that mortgage broker's office, check that box, sign that line and opt out of it with total confidence.
Auto insurance premiums in Ontario rose slightly in the second quarter of 2015, despite the Liberal government's pledge to lower rates an average of 15 per cent by next month.
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Choosing insurance can be difficult, especially when you go it alone. A lot of people love to tackle projects by their lonesome, and taking on a new task unsupervised can lead to some small (and large...
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Many Canadians are well aware that a disability could occur at any time. Ninety-six per cent of us believe it, according to a recent RBC survey. The same survey showed that more than three-quarters of us also believe that missing three months of work, due to disability, would put us in serious financial jeopardy. Here are some steps you can take to prepare yourself for a possible disability.
You pay the premiums every year, but if your home was damaged or destroyed, would you get the amount you're insured for? Not necessarily. Stuart and Annie Brown of Markham, Ont., are fighting t...