Insurance is complex enough – what happens when it intersects with our tax system? We have good news… Under the Excise Tax Act, insurance is a financial service, making it exempt from GST. If we only had to address the GST, this would be a simple, short article. However… And we have bad … [Read more...]
Vehicle Insurance: What are you paying for anyway?
If you own a vehicle, you probably pay for insurance on it. But you may not know what you are actually paying for and why governments require it. This article briefly describes why governments require vehicle insurance. It then gives an overview of the insurance systems for mandatory insurance in … [Read more...]
Everything You Need to Know About Wedding and Special Event Insurance
Wedding and special event insurance is a special kind of cancellation insurance that can protect you if your event goes awry. When you’re thinking about planning a big event—whether it’s a wedding, huge birthday bash or blowout retirement party—no one wants to think about cancellations or other … [Read more...]
Act Now: Insurance policies and the duty to notify
Insurance policies require insureds to notify the insurer of claims and potential claims. Insurance policies, like any other contract, contain certain legal obligations. For example, insurance policies of all types require insureds to notify the insurer of loss or damage – or in the case of … [Read more...]