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1-16 of 16 Results
  1. Investing
    Is it advisable to avoid holding more than $1 million dollars in a single investment account given that CIPF only insures accounts up to $1 million? To ensure all funds are protected, is it wise to spread investments > $1 million across multiple accounts? (And if so, can these accounts be with...
  2. General Personal Finance Talk
    I would like to find out if any of you ever had to deal with Millburn Lending Group for a personal loan? They have accepted my request and because I have no collateral, they are suggesting I buy an insurance from their company to insure my loan and then I can receive financing from them. I do...
  3. Taxation
    Hello, I’m trying to find out if and how I will receive any tax benefits for paying for LTD and STD payments at work. For the year of 2016, I paid $915.24 and $539.10 in deductions from my paychecks for our work plan. I’ve been told the benefits are tax free once claimed so I’m assuming the...
  4. General Personal Finance Talk
    Hi, I was working and bought a home in edmonton last year. I stayed there for 1 year and moved to ontario for education. I tried to sell edmonton home but could not. I don't have any other property. I started renting my edmonton home. My friend is staying in my edmonton home and managing home...
  5. Real Estate
    Hi, I was working and bought a home in edmonton last year. I stayed there for 1 year and moved to ontario for education. I tried to sell edmonton home but could not. I don't have any other property. I started renting my edmonton home. My friend is staying in my edmonton home and managing home...
  6. Retirement
    Hello, I am new to this forum but wanted to seek a second opinion on using a permanent life insurance policy to save for retirement - instead of, or in addition, to an RRSP or TFSA. My financial advisor recently suggested that my husband and I invest in a permanent life insurance policy as our...
  7. Retirement
    We have been using MediPac insurance for our winter travel/snowbirding to the US for the last 4 years. Partly the reason for use was recommendation by the Canadian Snowbirds Association PLUS it allowed the use of my wife's SuperAn federal gov't insurance for partial coverage. Unfortunately the...
  8. Taxation
    I was wondering how you go about claiming the medical insurance portion of travel insurance on your taxes? Most articles I read say you can only claim the medical insurance portion (fair enough) and for those of us with total coverage (cancellation, early return and medical grouped into one...
  9. Frugality
    Hi, I bought a new Hyundai Elantra 2016 Limited. I got the car last Friday evening (23rd Oct). I had parked my car in the basement parking lot of my apartment building. The car was rear ended by someone on Sunday morning (25th Oct). He had left a note with his contact details. Both the bumpers...
  10. Taxation
    My wife is in a sticky situation. She was leasing a vehicle for her self-employed work and writing off all of the lease payments. Then at the end of the lease, she bought out the vehicle (didn't write off the purchase). At that point she is the owner of the vehicle and claimed a business portion...
  11. General Personal Finance Talk
    My benefits through my employer are up for annual renewal. My benefits include basic life insurance of 1x my annual salary ($107K). I have the option to purchase additional coverage up to 5x my salary. If I do so, the cost per month would be $18.90 for $632K of coverage ($525000 + $107000)...
  12. General Personal Finance Talk
    My wife and I don’t own a car (I walk to work, she takes the subway). We rent semi-frequently (6+ times a year) and getting outside insurance saves a fortune compared to the rental car company insurance rates. Right now I have insurance through my BMO Mosaik Mastercard, which is $50-100 a year...
  13. General Personal Finance Talk
    Working in the financial services industry I have learned that 90% of people do not understand how their insurance policies work. Why do you think this is? If anyone is looking to find out how their insurance policy works I would be happy to inform them. Most people are spending way to much...
  14. General Personal Finance Talk
    I'm just starting to check online to see if I can figure out / clarify this, but if anyone here knows what this means could you please explain in lay womans / mans terms? I understand parts (4) and (5) which are pretty straight forward, but the first three are confusing me. This is part 5. on...
  15. General Personal Finance Talk
    I'm a magazine writer doing a piece about life settlements (sometimes called death bonds). Does anyone know much about these products? Or better, does anyone know somebody who has tried to sell their life insurance policy for a settlement, or wanted to? Help would be awesome. You can email me...
  16. Frugality
    Hi all, I just wanted to share with you something I just discovered recently. My Mastercard claims to insure new purchases against lost, damage or theft for 90 days. So when I fried my new laptop by pouring a glass of wine into it :eek:, and of course "liquid" damage is not covered by the...
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