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Ottawa Wants to Raise Your Deposit Insurance to $250,000: What Changes (and What Doesn’t)

  For more than 20 years, the federal guarantee on your savings has been stuck at $100,000. In Thursday's budget, Ottawa proposed to raise it to $250,000. Here is what would change, what wouldn't, and why you shouldn't move a dollar yet. Today (unchanged since 2005) $100,000 per deposit category Proposed in Budget 2026 $250,000 per deposit category What Budget 2026 actually proposes The Canada Deposit Insurance Corporation (CDIC) protects your deposits if a member bank fails. The budget proposes amendments to the CDIC Act that would do four things: Raise the limit from $100,000 to $250,000 per deposit category, the first increase in more than two decades. Remove the limit entirely for eligible deposits held in registered and tax-free accounts. Today, the limit is $100,000 per account type at each institution. Add temporary high-balance coverage for life events such as selling a home. Require a review of the deposit insurance framework every 10 years. It isn't law yet. ...
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Air Travel Tips: Navigating the Skies with Ease

 

Traveling by air is a modern luxury that can whisk you across continents in mere hours. However, it’s not without its challenges. From crowded airports to overbooked flights, here are some essential tips to make your journey smoother:

1. Get Organized

  • Pre-Flight Prep: Reduce stress by organizing your travel essentials before boarding. Check your passport, tickets, and other documents well in advance.

2. Know the Baggage Rules

  • Checked Baggage: Familiarize yourself with checked baggage restrictions. Avoid being that person frantically rearranging their suitcase at the check-in counter.

  • Carry-On Guidelines: Most airlines allow one carry-on bag and one personal item (like a briefcase or purse). Be aware of size and weight limits.

3. Track Your Flight

  • Stay Informed: Use flight tracking apps or airline notifications to keep tabs on your flight status. Delays happen, but being informed helps.

4. Arrive Early

  • Time Buffer: Arrive at the airport with ample time. Security lines, check-in, and boarding can take longer than expected.

5. Dress Comfortably

  • Loose Clothing: Opt for comfortable attire. Loose-fitting clothes are ideal for long flights.

  • Bring a Sweatshirt: Airplanes can get chilly. A lightweight sweatshirt or shawl is handy.

  • Pay Attention to Socks: Slip-on shoes and cozy socks make security checks a breeze.

Remember, air travel is an adventure. Embrace the journey, and may your flights be smooth and your skies friendly! 




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