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on Feb 20, 2026
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A US traditional individual retirement account (IRA) is a bit like a Canadian registered retirement savings plan (RRSP). A 401(k) is like a defined contribution (DC) pension plan. In both cases, tax-deductible contributions can be made by a retirement saver with future withdrawals generally subject to tax. 

Spousal beneficiary

When a spouse inherits an IRA or 401(k), they can take over the account as an inherited account or transfer the account into their own IRA or 401(k) on a.

Canada’s home insurance under pressure as extreme weather costs rise

Canada’s home insurance safety net is starting to fray at the edges as the costs of extreme weather continue to rise. While competition is still healthy, and the country has so far avoided the coverage deserts growing in the United States, insurers are paring back policies in a variety of ways to adapt.

Raising premiums above the rate of inflation—sometimes steeply above—has been a common response, but experts say insurers are also increasingly excluding coverage of some risks, raising deductibles, and reducing their exposure to higher risk areas. 

As Morningstar DBRS said in a November report: “The Canadian market is showing early signs of coverage tightening.”

Insurers trim exposure in severe weather zones

While insurers haven’t withdrawn from areas entirely, some have thinned their exposure.

“We’ve rebalanced in some of.

Avatar photo Jayden Dakin is a seasoned financial analyst and writer with a deep passion for decoding economic trends and market movements. With a background in financial consulting and investment research, Jayden brings a sharp analytical perspective to complex financial topics, helping readers navigate the intricacies of wealth management, stock market dynamics, and global economic policies. Before joining Financial Magazine, Jayden worked in corporate finance, advising businesses on financial planning, risk management, and capital allocation strategies. With expertise in macroeconomic forecasting and investment strategy, Jayden’s work provides readers with actionable insights on market opportunities, portfolio diversification, and emerging financial innovations. Beyond writing, Jayden enjoys studying behavioral finance, exploring the intersection of economics and technology, and mentoring young investors on building sustainable wealth.

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