Should stores charge a restocking fee?

Should stores charge a restocking fee?Ten years ago, I did a series of columns on Future Shop’s unfriendly customer service policies. They had a 15-day return period and a 15 per cent restocking fee if you bought computers or accessories, camcorders or large-screen TV sets and returned them within the 15-day return period. Future Shop soon revamped its policies, extending the return period to 30 days and socking the restocking fee. The Canadian-owned was trying…

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Standard Auto Insurance

Standard Auto InsuranceThere are several types of auto coverage available to keep cars safe on the open road. The coverage for direct compensation-property damage is available in Ontario and mandatory when driving a vehicle there. When a car accident occurs and the fault is placed on the other vehicle the car damage and personal belongings in your car are covered by this type of plan. Accident benefits coverage is great to have…

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Put Some Money Where Your Mouth Is

Put Some Money Where Your Mouth IsRemember that delicious movie, The Devil Wears Prada?  My favourite scene was the one where Miranda scorningly points out that while it may be politically correct amongst intelligentsia to dismiss fashion, at the end of the day, the colours we all select from our re-used, recycled clothing were determined months and months before by the fashionistas.   We think they don’t impact us.  But they do.  Except we end up wearing…

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Taboo Subjects With Kids

Taboo Subjects With KidsLarry MacDonald asked me a few questions for an article he is working on, and it caused me to think a bit more about a subject that it is important as parents to talk to our kids about. This subject is taboo in most families and is certainly not a normal dinner table topic, and I must say that as a child growing up my parents never brought this subject…

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EI Benefits for the Self Employed

EI Benefits for the Self EmployedAs the ranks of self employed Canadians increases, there is a growing problem of employment insurance coverage.  What is the problem?  Self employed business owners previously were not eligible for employment insurance coverage.  As it’s especially applicable to the female entrepreneurs, business income could dry up quickly while on maternity leave.  With no business income or employment insurance benefit, the financial situation could get ugly unless there is substantial savings….

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Best of: Worst Financial Advice Ever

Best of: Worst Financial Advice EverThe N.C.F.B.A. met on Monday night (OK we sat and watched Preet eat dinner), and as usual the discussions and commentaries were entertaining, enlightening and fun (for me at least), and one of the topics that came up was about Advice and what people do with the advice you might give them (Michael James has in fact written an excellent post on how Investment Advice Usually Reaches the Wrong People)….

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