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Posts Tagged ‘Canadian’

Canadian Economy – Business As Usual

Thursday, August 2nd, 2012

You might be wondering if Canada has put Immigration on hold due to the current world economic climate. In terms of immigration, things are certainly not grinding to a halt and the Canadian Government does not even see a recession hitting them as such, unlike many other Countries in Europe or the United States of America. We emigrated from the UK to Canada and have been watching events unfold on the Business TV Channels here. New York and European Stock Exchanges have seen share values tumble and rally and also the Toronto Stock Exchange (TSX) has taken hits. But Business is expected to remain reasonably buoyant over the coming months, and Canada’s Banking and Financial sectors are considered to be highly resilient compared to those of most other Countries in the World.

In terms of employment and the Jobs market, Canada still experiences skills shortages in many occupations, from Medical care to Truck Driving, Construction work to Lab Technicians. Add to this the fact that people from the ‘Baby Boom’ generation are beginning to retire in increasing numbers and you have double pressure on the skills shortages problem. The pressure is even greater in job sectors referred to as ‘Occupations under threat’, so there are solid opportunities for individuals who wish to emigrate to Canada and set up in certain categories of Business or apply for jobs in a variety of Trades or Professions.

But why else would you choose to live and work in Canada over European Countries like Spain or France, or Australia, New Zealand or even South Africa? If you are someone that wishes to escape the ‘Brussels straight jacket’ and also experience marvelous Seasonal weather and not be too far from family and friends, Canada is only a few hours flight from Europe. Taxation in Canada is reasonable, we believe, and you get an awful lot of ‘Bang for your Buck’. Our Council tax is $1,000 per year (about £500) and also includes water supply and waste water disposal. Gasoline is currently about $1.30 (65 pence) per litre and energy/grocery costs have risen only slightly this year. Unlike the Country we moved from, we don’t feel intruded upon by ‘thought control’ Police and ‘Political Correctness’, there are very few CCTV cameras and our trash can (dust bin), is not micro-chipped.

How and where do you start the process of Emigrating to Canada? We handled the process ourselves, arranging everything including the acquisition of Visas and Work Permits and the like, to buying a house, having our household effects shipped out to obtaining Provincial Health Insurance and National Insurance cards. We did not use a representative like an Immigration lawyer or Emigration Consultant and found out that they have no special powers to speed up your application process so we filled in all the forms ourselves and saved thousands of dollars. We actually found a way of getting Government backing for our application that has expedited the process officially.

Canadian Life Insurance Companies

Tuesday, July 24th, 2012

The Canadian Life and Health Insurance Association maintain that there 102 functioning life insurance businesses in Canada. Like every other business, the Canadian insurance industry has also had its share of economic downturns, but is now well on its way to recovery. The explosive nature has forced some changes, like an increase in consolidation and greater emphasis on safer and more unadventurous goods.

Despite the difficult economic conditions, the Canadian insurance industry is financially strong and collecting the profits of affirmative consumer insight. Contrary to banks and brokerage firms whose reputations encountered a major blow during the recession years, insurance companies have managed to come out fairly unharmed. Customers tend to think of insurance companies as being trustworthy, safe and professional in their dealings. Based on these outcomes, A.M Best recently upgraded the rating of Canadian life / health insurance industry from negative to “stable”. While some individual companies may be experiencing downgrades, the overall picture is healthy.

The workplace life insurance may not be enough to protect one’s family, so in achieving some of life’s milestones it becomes necessary to see exactly what protection is needed. Generally, people turn to insurance during life-changing situations like getting married, buying a home, facing unemployment or retiring. Statistics show that in 2009, over twenty million Canadians were life insurance policy holders, and the average policy was valued at $169,000 for individual policy holders and $337,000 for families.

Getting a policy may not be a priority for the typical young Canadian adult who does not yet have dependents to support. In the unexpected event of death, there will not be any financial burden on the family. However, if there are some unsettled accounts, or even if one just prefers not to burden the relatives with funeral expenses, an insurance policy can cover that. For a married working couple, things like mortgage payment, credit cards or a car loan may become an issue to pay off on a single income, in case one partner dies. In this situation, it is best if both partners carry their own life insurance.

For families, having insurance becomes even more important. Regardless of whether it is a single or double income household, if one partner should pass away the other should be financially secure to be able to settle all expenses, especially expenses regarding the children’s education. As a career man or woman, if one shifts jobs it translates into shifting companies. It is imperative that one know what kind of coverage is provided by the insurance company before quitting. When one goes to a new place of employment, they should get at least an equivalent package.

As senior Canadians retire, they lose health privileges when employment ends. Insurance providers understand this and there are many plans available that cater to the needs of retired Canadians. Insurance in this period of life tends to be expensive, as there are frequently pre-existing conditions that need to be considered. Despite this, there are many options available to look into.