Online Auto Insurance Quote Comparison Tool

My car insurance policy is up for renewal soon so I decided to do some shopping around on the internet to see if I could find a better deal.

One thing that I learned right away about shopping for car insurance online is that it’s a very tedious process to go to each insurer’s website and fill out all of our driving history and vehicle information to get a quote. When you are interested in quotes from several insurance companies the time it takes to do this really adds up.

Luckily, I came across this website called Kanetix.ca that provides a useful tool for comparing car insurance quotes from multiple Canadian insurance companies. The main benefit is that you simply enter your driving history and vehicle history details just once. This is handy because the tool will use that information to produce auto insurance quotes from multiple companies and lay them out in an easy to compare chart.

The tool also very flexible in the sense that it allows you to change coverage options such as   the deductible on comprehensive coverage and collision coverage as well as liability amounts. When you change a coverage option the tool will automatically recalculate and display a new set of auto insurance quotes for you to compare.

Once you find a car insurance quote that appeals to you the tool also provides you with options to contact the insurance company to apply such as the phone # or a link to apply online.

How to use the Kanetix.ca Car Insurance Quote Comparison Tool in 5 Quick Steps

Step 1: Navigate to Kanetix.ca and enter your Canadian postal code.

Step 2: Enter your driver details

Step 3: Enter your vehicle information

Step 4: Check if you are eligible for a discount

Step 5: Submit and compare car insurance quotes from multiple Canadian insurance companies! It’s as easy as that.

If you are in the market for car insurance, I recommend that you give the Kanetix Auto Insurance Tool a try.

 

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List of Stock Screeners

Canadian Stock Screeners

TMX Stock Screener
Globe Investor Stock Screener
Morningstar Stock Screener
Stock Charts Stock Screener

US Stock Screeners

Yahoo Finance Stock Screener
Google Finance Stock Screener
FinViz Stock Screener
MarketWatch Stock Screener
Nasdaq Stock Screener

TMX Stock Screener

Globe Investor Stock Screener

MorningStar Stock Screener

StockCharts Stock Screener

Google Finance Stock Screener

 Yahoo Finance Stock Screener

FinViz Stock Screener

 MarketWatch Stock Screener

Nasdaq Stock Screener

What stock screener is your favourite?

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Trade Commission Fee Comparison – Canadian Online Discount Brokers

Below is a comparison of the trade commission fees charged by Canadian discount brokers for electronic stock trades.

Parameters

  • 0-9 trades per quarter
  • Less than $50,000 in account assets

Discount Brokerage

Online Trade Commission Fees

1¢ per share
($4.95 minimum, $9.95 maximum)
1¢ per share
($1.00 minimum, 0.5% of trade value maximum)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($28.95 minimum)
$19.99 (up to 1,000 shares, 2¢/share thereafter)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($29.00 minimum)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($29.00 minimum)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($28.95 minimum)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($29.00 minimum)
1.5% of trade value (stock price <=$2.00)
3¢ per share (stock price >$2.00)
($28.88 minimum)
$9.95 ($0.01 per share fee for orders of 1000 shares or greater)
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List of Canadian Discount Stock Brokers

List of Canadian Discount Brokers

Discount Brokerage

Website Link

   Questrade
  Interactive Brokers 
RBC Direct Investing
Scotia iTrade
TD Waterhouse
BMO InvestorLine
CIBC Investor’s Edge
Disnat
HSBC InvestDirect
TradeFreedom
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How To View Your Account Balance For Canadian Taxes

Do you owe the Canadian government any tax dollars? Better yet, does the Canadian government owe you?

There is an easy way to find out. The Canadian Revenue Agency (CRA) provides a handy tool on their website called “MyAccount” that displays your current account balance and statement of account.

How do I access it?

Step 1: Go to the CRA website

Step 2: Click on the “MyAccount” link

Step 3: Login to “MyAccount” with your username and password. If you don’t have an account then you will have to register one.

Step 4: Once logged in, click on the “Accounts and Payments” tab

Step 5: Click on “Account balance and statement of account”

Step 6: View your account balance and statement of account

And that’s all there is too it. From now on you’ll always know where you stand with the Canadian government on your taxes.

 

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2011 Income Tax Calculator

Download: 2011 Income Tax Calculator

For those of you that live in Ontario you might find this useful. I have created a 2011 income tax calculator that will derive your total income tax payable, average tax rate and net income based on your gross income.

I’m open to creating the same calculator for other provinces if I receive enough requests. Give it a try and let me know what you think.

Posted in Calculators, Tax | 1 Comment

How To Tell If You’re Underpaid

Do you work hard? Skip your lunch, work weekends and put in long hours at the office? How do you know if you’re being compensated fairly for the work that you do?

It is generally inappropriate to ask your co-workers what they are making. Most people won’t tell you or it will create an awkward situation if they do tell you because odds are one of you is making much more than the other.

Here are a few simple ways to determine if you are being paid fairly.

Do a job search for comparable positions online – Do a search on popular online job boards such as Monster.com or CareerBuilder.com for job postings that are comparable to your position. Some job posting will include a salary range or hourly wage that you can use to compare against your current pay to determine if you are under or over paid. If the job posting doesn’t offer a salary range or hourly wage it might be worth your while to call the hiring manager or recruiter directly and ask them what the typical salary range is for this particular position.

Use Glassdoor.com to find out what similar positions at different companies are paid - Glassdoor is a great resource for determining what other people in the same position are being paid at other companies. Simply search under “salaries” for your job position in the city that you work in. Even better, if you know a company with similar positions as yours search for that company directly.

For example, say my job title was a “Customer Service Representative” (CSR) with a major telecommunications company.  If I search “Telus” I can find salary/wage ranges for the position of Customer Service Representative to compare against my own salary or hourly wage.

As you can see from the screenshot below the salary range for a CSR at Telus is 22K to 50K per year with an average of $37K. If I was currently being paid less than 30K for this position I’d start to question why I was below the average.

Ask your boss - Definitely the riskier of the options, but hey its not as direct as asking for a raise outright. Approach your boss when he/she is in a good mood and pose the question “am I being paid inline with the market rate for my job?” If anything, it will be interesting to see you boss’s response and how he/she values your contributions.

So are you underpaid?

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Where To Find A Place To Rent Online

Need to find a new place to rent? Maybe you’ve outgrown your current place or are sick of the neighbourhood or your noisy neighbours.

In the old days finding a new place involved driving up and down your preferred neighbourhood searching for “for rent” signs. Once you found a place that was on the market and available you still have to call up the landlord and request a viewing of the unit. A tedious process that often left you in disappointment when the unit didn’t measure up to what you were expecting.

Thank god for the internet, because it has certainly made the rental search process that much easier. There are several websites now that can dramatically improve the effectiveness and efficiency of your rental search.

Why Search For A Place To Rent Online?

Detailed Search Filters: Looking for a rental with certain features or within a specific price range? Most rental websites will let you filter by several criteria such as monthly rent, number of bedrooms/bathrooms, square footage,  included utilities, included appliances, whether pets or smoking are allowed and much more. This filtering capability makes it much easier to narrow your search down to only properties that fit your needs and constraints.

Rental Photos: Most rental websites included multiple photos for each listing. This is handy if you want to gain perspective on what the place looks like before you invest time in viewing the unit in person.

Map Searches: Aggregated map searches have become very popular with most rental websites. If you are interested in renting in a particular neighbourhood the map search is extremely useful for identifying available rental properties in the area.

Top 7 Canadian Websites For Finding A Place To Rent

  1. Craigslist
  2. Kijiji
  3. Facebook Marketplace
  4. ViewIt
  5. HomeTrader
  6. GottaRent
  7. Realtor

Happy rental hunting.

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Cheap Caribbean Cruise Vacations

image

Looking for a cheap caribbean cruise vacation? Here are some tips I have learned over the years to cruise as affordibly as possible.

1) Travel in October, November and early December when cruise prices are the lowest. Prices seem to increase substantially after mid December. Yes there is higher probability of encoutering bad weather such as hurricanes during this time, but I feel that it is worth the risk.

2) Book an inside cabin vs. an outside cabin or one with a balcony. Inside cabins seem to be about 50% cheaper. In my opinion cabins should only be used for sleeping and you should otherwise be out having fun on the ship.

3) If you live in southwestern Ontario consider flying out of Buffalo or Detroit. I always find that flights are dratically cheaper out of the US relative to flight out of our Canadian airports like Pearson.

4) To save on airfare find a cruise that departs from any of the ports in Florida (Miami, Ft Lauderdale, Port Carnevale). Flights to airports in Florida tend to be much cheaper than flights to airports in Puerto Rico or other caribbean islands.

If done right one can easily cruise for $700-800 per person all in (cruise, airfare, tips, taxes). This is in line with cheaper single destination vacation areas like Cuba or Dominican Republic.

Any other great tips I have missed?

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Source of Canadian Government Tax Revenue

Where does the Canadian government get their tax revenue? The chart below show the distribution of tax revenue generation sources for the government of Canada in 2009-2010.

Source of Government Tax RevenueI personally thought that Corporate income tax would have made up a much higher percentage. Surprised to see that it only represents about 14% or $0.14 on every tax dollar collected.

Posted in Tax | 1 Comment