Ontario Liberals to Cut Auto Insurance; but is it Enough for the NDPs?
The Ontario Liberals have pledged to cut auto insurance rates for Ontario drivers by 15 per cent, thought of as a move to appease the NDPs so they’ll push the budget through and therefore, avoid an election. The question is though, will it be enough? It’s no wonder that an outcry was heard. Finance Minister…
Read moreMoney Talks: Volume 23
Wow, spring is in session and there is a lot that everyone is buzzing about! Whether it’s investing, personal finance, or financial matters around the country, we found a lot of chatter around the web this week. So without further ado, let’s get into this week’s money talks! Personal Finance If you’re a renter, you…
Read moreStephen Poloz will be Next Bank of Canada Governor
It was yesterday that Finance Minister Jim Flaherty announced that after “an exhaustive domestic and international search,” a new Bank of Canada Governor has been found. But it’s not who everyone thought it would be. Predictions made early called for Tiff Macklem, senior deputy governor, to take over the job. Poloz, 57, is the current…
Read moreWhat Happens if You Don’t Pay Your Taxes
Long jail sentences. A record that will follow you for the rest of your life. And at the very least, being faced with an audit by the CRA. All of these are just some of the things that can happen to you if and when you don’t pay your taxes. Or at least, they’re things…
Read moreO’Leary’s Open for Business; Would you let him Handle Your Mortgage?
It was back in November that Kevin O’Leary, known around Canada for being a financial guru, but even more as the greedy dragon of the bunch on the television show Dragon’s Den, said that he was going to start his own mortgage business. Already having a mutual fund company and a winery, why not take on…
Read moreThe Difference between Secured and Prepaid Credit Cards
If you’re like many Canadians, and currently trying to pay down your debt and clean up your credit as fast as possible, you may have heard that getting a credit card is a great idea, and a great way to do it. But if you already have bad credit, the chances that a bank or…
Read moreHow Small Details Can be So Important in Real Estate Deals
It’s a lesson that one Toronto buyer recently learned a very hard way. When you’re involved in a real estate transaction, especially one that becomes tricky at some point along the way, it never hurts to double check, and then triple check. And then check again. Because when you don’t, it could end up costing…
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