Did you know a property owner's insurance policy will not cover damages to a tenant's belongings, personal safety or other financial considerations. Instead, renters would need a tenant insurance policy to get compensated for damages caused by an accident or catastrophe at their residence. Learn more about Tenant Insurance here.
ICBC is introducing a new distance-based discount in 2023, as they begin to offer more usage-based insurance. If you drive less than 10,000 kilometers in a year, submit your odometer reading to potentially get a discount on your ICBC optional insurance next year.
Starting October 1, at the time of registration when Brokers collect the PST, you will need to pay tax on fair market value. This means, if you bought a vehicle for $500 and it's valued at $1200 you'll need an appraisal to prove why, otherwise you'll pay 12% tax on $1200.
Whether you’re a first-time homeowner or you’re getting ready to downsize, there’s a lot to think about when you’re buying a new home.
