Financial Product Reviews

You’ve probably heard of Allstate, or at least their slogan – “you’re in good hands.” They’re one of the largest property insurance companies in the USA, but are they a good choice for your Canadian home insurance needs?

If you have a furry companion, you already know how important they are to you. It can be hard to think about what could happen if disaster struck – could you afford to pay the medical bills? Would you have to make a hard choice, because you can’t afford to spend thousands on your pet?

Since you can never really know what will happen, landlord insurance is good for some extra peace of mind for your rental investments. In most cases, it will help protect you from property damage, loss of rental income, personal liability, and other related unexpected costs.

If you need condo insurance in Canada, you have lots of different options to choose from. But which should you go with? Sonnet condo insurance promises low rates with an easy online experience. It covers most of the major expenses – like personal liability, personal belongings, and unit improvements – but may not have everything you’re looking for. On top of that, it also offers some optional coverage and several different ways to save money on your premiums.

Since your landlord insurance doesn't cover any tenant belongings, tenant insurance is required in order to keep your rental safe, including everything inside of it. Sonnet Tenant Insurance is a well-rounded and reasonably priced insurance product from an online-only company, offering tenants peace of mind.

The BMO Premium Rate Savings Account is one of the few savings accounts that actually lets you get at your money whenever you want, including unlimited free Interac e-Transfers. And this is great for what is technically a free account.

The BMO Savings Amplifier Account is one of several savings accounts offered by the Bank of Montreal, providing a base interest rate of 0.7%. It's a very basic savings account that doesn’t offer much, but the security and peace of mind provided by a bank of this stature may just offset its flaws.

CI Direct Investing is one of a number of robo advisors available to Canadians, being in direct competition with other companies like Wealthsimple and Questrade. It offers a good range of products and services suited to varying levels of investing and all risk tolerance profiles.

Justwealth is a personal portfolio management company that takes an individual approach to investing your money. With a minimum investment of $5,000 (except for RESP and FHSA), any Canadian citizen can start an account with Justwealth and begin investing.

RBC Direct Investing is an online investment brokerage owned and run by the Royal Bank of Canada. It is designed for people primarily interested in managing their own investments. They offer flat fees for most typical trades, will cover up to $200 of transfer fees if you transfer more than $15,000 into your RBC Direct Investing account, and will do trades on your behalf for a commission.