Effective July 1, 2010 Ontario will harmonize its 8% Retail Sales Tax (RST) with the 5% Goods and Services Tax (GST). The HST rate will be 13%.

There will be no impact to group insurance premiums currently subject to the 8% Retail Sales Tax (RST) – this includes ASO administration fees under plans that have insurance protection.

The HST will only apply to ASO administration fees where there is no insurance protection.

Industrial Alliance Insurance and Financial Services Inc. announced the launch of a new life insurance product with guaranteed premiums along with a long term component designed to provide an additional source of income to maintain quality of life in case of loss of independence.

Life and Serenity 65 is a whole life insurance product that allows clients 40 to 60 to meet their life insurance needs knowing that if they experience a loss of independence, they will be able to maintain their quality of life from a source of additional income.

Effective May 1, 2010 the Cuban government requires that all travellers visiting Cuba provide proof of valid emergency medical insurance coverage for the duration of the stay in Cuba in order to enter the country.

Click here to buy travel insurance from Manulife

Today, we launch a life insurance and investment forum for the public to post questions, links, suggestions etc.  Check it out and make your first post!  Visit forum.timetoinvest.ca