June 19, 2017
Whether you are traveling by car, bus, train or plane to your vacation destination this summer, confirming that you have appropriate travel insurance coverage should be an item on your “to do” list. Several years ago we had to return home after one week of a two week river cruise due to a family tragedy and fortunately the trip interruption coverage under our travel insurance policy reimbursed over $10,000.
You may think that if you are travelling within Canada you are...
June 15, 2017
A global survey from HSBC reveals that Canadians anticipate some of the longest retirements, but they are among the least likely to seek information to guide financial decisions.
According to the study, Canadians expect to retire at 62 and live to the ripe old age of 85 on average, resulting in one of the longest retirement windows amongst their global peers (global averages: 61 and 81 years, respectively). However despite expectations of a long retirement, Canadians are...
In the mid-1990s when I obtained my Master of Laws (LLM) from University of Leicester via a distance degree I traveled back and forth to Europe for five extended study weekends. That’s when I first got an Aeroplan number and a CIBC Aeroplan Visa and began aggressively collecting points.
As a result we were able to get almost free flights to many wonderful places including South America, Italy and the U.K. But recently convenient flights have cost more points and additional fees have...
June 8, 2017
Finding gifts for the Dads in your life can be a challenge. Few men wear ties or use cloth handkerchiefs anymore and let’s face it — even jazzy socks are a pretty boring and impersonal gift. Furthermore, most family budgets cannot be stretched to pay for big ticket guy things like fast cars, motorcycles or a spring training road trip.
But there are lots of things you can do on a shoestring that Dad will appreciate. Here are a few of my favourites:
Save for the...
June 5, 2017
This week it’s back to basics with some of our favourite bloggers.
On HowToSaveMoney.ca Heather Clarke shares Budget Home Decorating Ideas. She says you can often make a “knock off” of a pricey designer item and a little bit of spray paint goes a long way. She also reminds us that there are some hidden gems at the dollar store.
Rona Birenbaum, a financial planner at Caring for Clients offers 5 reasons why you should negotiate your severance package. She notes that there...
June 1, 2017
Results from the 2016 census show that there are now 5.9 million Canadian seniors, compared to 5.8 million Canadians age 14 and under. This is due to the historic increase in the number of people over 65 — a jump of 20% since 2011 and a significantly greater increase than the five percent growth experienced by the population as a whole. This rapid pace of aging carries profound implications for everything from pension plans to health care, the labour market and...