Canada: Finance, Real Estate, Insurance, Immigration
Today we are glad to shed some light on a number topics regarding the
Want To Get Cheaper Insurance? Here’s How
There is no doubt about the importance of insurance. There is also no doubt
want to pay as little as possible for coverage, while also getting as much
possible. The key to low rates is to be in as good health as possible prior
The TFSA (or Tax Free Savings Account) is a very popular Canadian Savings
Almost anything can be put into the account and can grow tax free. This can
be a very
beneficial way for Canadians, young and old, to grow their wealth
the TFSA is so popular, there are also mistakes that commonly arise from its
Today, I want to tell you about them so that you don’t make these same
If you are a Super Visa applicant, Visitor, IEC / Working Holiday visa
holder or a new
immigrant- you probably need to obtain insurance coverage from a Canadian
company. To make it easier for you we have put together a comparison among
insurance companies in terms of affordability,
reliability and benefits offered.
Most Affordable Plans
covers most important aspects in terms of medical care - the companies below
the trick. Most of them are smaller companies with small companies’ appeal -
prices and exceptional attention to customers.
All of them cover medical expenses, hospitalization and repatriation with
coverage of $100,000 or more. They also boast competitive benefits in terms
prescription drugs (GMS, Travelance Premier),
repatriation and follow up visits.
Value plans come from bigger, well known established companies. The leaders
among them are Manulife and TIC.
Manulife is tried and tested and is currently the
largest insurance company in Canada. TIC is a great company with excellent
customer service and competitive benefits.
For Visitors to Canada 69 years and under TIC offers a new
“Inpatriates to Canada” policy, which covers one Physical
Examination per year, one Eye Examination per year and some Vaccinations, as
well as some coverage for Maternity
Excited to start your new life in Canada? Or returning home after a long
Your bags are packed and tickets booked but is there something missing?
Whether you are landing in Ontario, British Columbia, Quebec or New
Brunswick- in most
cases you will have to wait until provincial coverage kicks in. Make sure
familiarize yourself with those limitations and the ways to protect yourself
your stay. During the waiting period, you may be able to purchase private
insurance through a private insurance company if you meet the company’s
OHIP – Ontario
The waiting period begins on the date you establish or re-establish
residence in Ontario. If you are an eligible temporary resident, such as a
foreign worker who meets the citizenship and residence requirements
described in Ontario’s Health Insurance Act, the
waiting period begins on
the date you establish residence in Ontario.
MSP – British Columbia
New residents or persons re-establishing residence in B.C. are eligible for
after completing a wait period that normally consists of the balance of the
arrival plus two months. For example, if an eligible person arrives during
of July, coverage is available October 1. If absences from Canada exceed a
total of 30
days during the wait period, eligibility for coverage may be affected.
New Brunswick and Quebec
Generally speaking, if you arrive in Québec from outside Canada, even if you
Canadian citizen, you will be eligible for the Québec Health Insurance Plan
waiting period of up to 3 months following your
Does my provincial health insurance plan cover all my health care needs?
Canadians who don’t have an employer sponsored group plans might be asking
questions. Here is some brief information on the Health care system in
Canadian health care system consists of multiple tiers. The first thing that
mind is Government Health Care.
It is funded through general tax revenue and in some provinces- by means of
monthly premiums. This plan covers medical care and hospitalization in a
sense. Some important elements of what we think is medical coverage are
your provincial plans.
You can apply for dental coverage only if that is what you are looking for.
will accumulate over years, giving you greater coverage after second or
Some companies include basic extended health benefits with their dental
Go for premium Dental Plans if you require extensive services as well as
bridges and dentures.
Extended Health Benefits
Supplementary health benefits usually include some or all of the following
categories.3 months following your
Accidental Death/Dismemberment benefit
Prescription Drugs Coverage
Travel Insurance up to $1,000,000.
Specialists/Therapists- health care practitioners such as chiropodist
- We will help you choose the best Medical Insurance plan for the Canadian
New Immigrants according to your specific needs. We are offering medical
insurance packages for the Super Visa applicants, regular Visitors to
International Experience Canada participants as well as Canadian PRs and
We will also consult you regarding Life Insurance, Critical Illness
Disability Insurance, Health & Dental Insurance and Welfare Trusts.