Pick up the phone or don’t — the debt doesn’t vanish either way. But ignoring collection calls in Canada sets off a chain of events that depends less on how many times the phone rings and more on who owns the debt, how old it is, and what you have to lose. Here’s what you actually need to know. Disclosure:
Nearly 13% of the Canadian workforce now works for themselves — entrepreneurs, gig workers, solo consultants, creative professionals. Yet the insurance system still treats them like a problem to solve rather than a market to serve. Only 25% of self-employed Canadians have disability insurance, compared to 57.1% of employees. Here’s what you actually need to know. Disclosure: Some links on
Your home insurance renewal lands in your mailbox. The premium’s gone up — maybe 6.2% if you’re in Ontario, where the average hit $2,235 in 2026. You pay it, move on, and don’t think twice. But what you probably didn’t notice is that your coverage limits may have shifted, a new exclusion may have been added, or your deductible for
Roughly 8.4 million Canadians are underinsured — meaning their life, disability, home, or auto coverage would fall short if something actually went wrong. That’s about one in four households, and the gap has been widening as construction costs climb, policy limits stay static, and fewer people buy term life than a decade ago. Here’s what you actually need to know.
Nearly half of Canadian adults have no life insurance at all, and of those who are uninsured, two-thirds don’t plan to buy any in the next five years. That gap matters because four in ten families would face financial hardship within six months of losing a breadwinner. The main reason people give for not having coverage is simple: they think
Canadian home insurance premiums rose 7% to 12% on average in 2026, with some high-risk postal codes seeing jumps of 15% or more at renewal. That’s not a hypothetical projection — it’s what’s already happening. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them, Britwealth may
A CBC News investigation reviewed 250 home insurance claims from 11 insurers across Canada. 100 were denied. That’s a 40% denial rate in that sample — a number that sits awkwardly beside the industry’s own figures showing 98.7% of property and casualty claims settled within 30 days. Here’s what you actually need to know. Disclosure: Some links on this page
You run a business from your home in Canada and assume your home insurance covers it. The standard policy doesn’t. A typical home policy covers only $2,500–$5,000 of business equipment and nothing at all for business liability. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them,
More households are treating high-deductible health plans as a deliberate financial strategy rather than a fallback option. In 2021, nearly six out of ten employer-sponsored plan members were enrolled in one — a record high that suggests something more than simple cost-cutting is driving the shift. Here’s what you actually need to know. Disclosure: Some links on this page are
You’ve been through it. A new policy application, a renewal form, or even a simple quote request, and suddenly you’re answering pages of questions. Some feel straightforward. Others feel personal. A few might seem completely irrelevant to the coverage you’re after. The instinct is to assume the insurer is being nosy or inefficient. But the real reason Canadian insurance companies
Open a renewal notice in Ontario or Alberta this year and the number on the page probably doesn’t look like last year’s. Canadian auto insurance premiums rose 8.7% in 2024 alone, with another 5.2% increase priced in for 2025, according to the InsuranceXpert premium index. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate
More than five million Canadian adults say they need insurance and don’t have it — roughly one in five. That’s the finding from a 2024 industry analysis, and it reflects a broader pattern: the gap between what people assume their policies cover and what those policies actually pay out keeps widening. The average home insurance claim takes just over a
