Latest news with #TAL
Montreal Gazette
01-07-2025
- Business
- Montreal Gazette
Moving day means big rent jumps for many Montrealers
By Jason Magder Carlos Quan, his wife and their two grown children bid farewell to their home of 17 years in Villeray on Tuesday. They moved into a two-bedroom apartment in Montreal North, which at $1,400 per month will cost double what they are currently paying. 'The landlord here took over the building to do renovations, and he started already,' said Quan, who hails from Guatemala. 'For my family, it's hard to leave here. This is where we moved when we first came to Canada.' Quan was among roughly 100,000 Montrealers who changed homes around July 1, Quebec's unofficial moving day. This year, rents have increased by a record amount over the previous year at around 5.9 per cent. Most people who spoke to a reporter on Tuesday said they would be feeling the pinch of sharp rent increases. 'We're very disappointed,' said Steve, who didn't want his last name to be published. 'We'll be paying $800 more per month.' Steve said his landlord repossessed the apartment where he, his wife and his four-year-old daughter were living for the last six years. They will be moving to another place just about 400 metres away. 'We're going to tighten our belts; we'll stop eating and we're not going to be travelling for the next 10 years,' he said. Céline Camus, community organizer with the Villeray Housing Committee, was cycling through the neighbourhood to see if anyone needed help, or if there were illicit evictions. 'We met a woman who was paying $1,250 per month, when the previous tenant was paying $800,' Camus said. 'Some landlord groups on Facebook are talking together to make sure that the rents reach a certain price in this neighbourhood, so it's not a free market.' She said this year's sharp increases have taken a toll on renters. But illicit or unethical landlord behaviour also plays a part. Camus added that tenants often don't want to challenge steep increases in their rents at the TAL — the province's rental board — because they don't want to earn a bad reputation for future landlords who may refuse to rent to them. Complaints to the TAL are listed publicly. Yourri Alcindor moved Tuesday to Villeray, because he found a one-bedroom apartment that cost roughly $300 less per month than what he was paying in Plateau-Mont-Royal. 'I've been in Quebec only three years, and since that time I know rents have gone crazy,' Alcindor said. 'It's a big moving day, but it's going rather smoothly. The truck is double the price today than usual, but there aren't a lot of cars on the road, I found friends to help me and found a good parking spot.' Roughly 900 households aren't able to find a new place they can afford as of July 1. The City of Montreal's housing office helps to find them temporary apartments, or hotel rooms until they can find something permanent. Anyone who needs the city's help is urged to call the 311 hotline.
Montreal Gazette
30-06-2025
- Business
- Montreal Gazette
Five things renters should know before they move
By About 115,000 Montrealers will move July 1, the city says, taking on new leases amid a housing crisis that has shot rents through the roof. Here's what renters need to know before loading up the van to move into their new homes. Is July 1 really moving day? Any Quebecer can tell you July 1 — the start date for most leases — is moving day. But according to the letter of the law, it should really be called moving in day. 'There's no formal right for tenants to move out on the morning of July 1 if their lease ends June 30,' said Ophélie Vincent, a lawyer at Éducaloi, an organization tasked with explaining Quebec laws to the public. An outgoing tenant is technically required to leave the unit by the end of June 30, while the new tenant has the right to enter the unit anytime on July 1. But though no 'formal right' exists, moving out on July 1 is typically 'tolerated as long as you respect the rights of new tenants to come in,' Vincent said. 'If people are smart, they make an arrangement,' said housing advocate Arnold Bennett, who runs an information hotline for tenants and landlords. 'The problem is that some people are jerks.' When disagreements stop the new tenant from moving in on time, they can take the landlord to the housing tribunal, the Tribunal administratif du logement (TAL). The landlord can then sue the ex-tenant, who can be left with the bill for the new tenant's additional moving and storage costs. 'I've seen it happen,' Bennett said. Challenging the rent New renters have the option to challenge the rent they pay right from the start. Provincial rules require landlords to disclose the previous rent — either the lowest rent paid in the 12 months before the lease starts, the most recent rent paid in units that were previously vacant or the rate fixed by the TAL, Vincent said. Should a tenant feel the landlord has increased the rent too much, they can sign the lease and then ask the tribunal to decide the rent. The TAL will then rule based on its rent increase guidelines, which this year range from 4.1 to 5.9 per cent and, in many cases, allow for even steeper hikes. But tenants who want to challenge the rent have to act fast — they have 10 days from signing the lease to make their application to the tribunal. Though the law requires it, many landlords don't disclose the previous rent, Bennett said. In those cases, tenants have more time — two months from the beginning of the lease to go to the TAL. But those renters 'fly blind,' Bennett said, usually unaware of how much their landlord has raised the rent. Some renters 'are lucky enough to find the previous tenant and get the direct information from them,' he said. Otherwise, they have to go to the TAL, subpoena the information from the landlord and send a bailiff to deliver the notice. 'It's complicated for people and that's one reason that it doesn't happen a lot,' Bennett said. Other times, landlords might lie about the previous rent, he said. In those cases, the tenant has two months from when they discover the lie to file to the tribunal. Low-rental housing and co-ops are exempt from the rules, as are units built or transformed into rental housing in the last five years. But a landlord forfeits their right to that exemption if they don't disclose it in the lease. Avoiding fees 'It's quite frequent' for landlords to try to charge former tenants for repairs or cleaning, Bennett said. But 'you can refuse that.' The landlord will have to go to the TAL to seek payment from the ex-tenant, who will have the ability to defend their case. 'Tenants have to hand over the property in the same condition that they received it at the beginning of the lease,' Vincent said, although they aren't liable for normal wear and tear. Vincent and Bennett had the same advice for tenants and landlords who might need to prove their side of the story at the tribunal: take pictures and videos of the unit at both the start and end of the lease. 'Deposits are illegal' Landlords don't have the right to charge new tenants security deposits when they move in, or can a tenant be asked to pay a cleaning fee. 'Deposits are illegal: any kind of deposit.' Vincent said the same: tenants cannot be required to pay a cleaning fee or deposit. When you have nowhere to go Every year, about 900 households don't manage to find a new place in time for July 1. The city of Montreal takes those families in, finding them temporary apartments until they find something permanent. Anyone who needs the city's help can call 311. 'We can provide temporary lodging and we can even find storage for your belongings,' said City of Montreal spokesperson Philippe Sabourin. As of Thursday, 270 households had already asked the city for help.
Yahoo
17-06-2025
- Business
- Yahoo
Australia's TAL partners with Cover Genius for embedded life insurance product
Australian life insurer TAL has teamed up with insurtech company Cover Genius to introduce a new embedded life insurance product in Australia. Dubbed backd by TAL, the new offering will target a market segment comprising part-time workers, contractors and casual employees. The product capitalises on Cover Genius' expertise in digital distribution and TAL's life insurance knowledge to provide insurance through platforms already used by Australians. Employers will now be able to offer life, income and illness protection to their employees via payroll platforms, the companies said. The service simplifies the process with online registration, eliminating the need for underwriting and enabling fully digital claims processing. TAL Group CEO and managing director Fiona Macgregor said: 'At the core of our Cover Genius partnership is ensuring more Australians who want and need insurance can get it. To do this, cover should be tailored to their needs, and be easy to access, understand and keep. 'With backd, more Australians will get support critical to their recovery, addressing an important community need.' In the future, TAL and Cover Genius plan to extend the distribution of the new product to consumers directly through partnerships with organisations in the health and banking sectors. Cover Genius CEO and co-founder Angus McDonald stated: 'Many people do not have life insurance either because they feel they cannot afford it, have not been offered it or think the process will be too complex. 'backd overcomes these issues, by giving employers a simple way to offer their employees easily accessible protection that suits their income and financial needs by simply embedding it into their existing HR or payroll platform.' In April, TAL agreed to acquire a 15.1% stake in Challenger, a fund manager and retirement solutions provider. The transaction involves the purchase of 104,353,125 issued shares for a total of Y80bn ($547.3m). "Australia's TAL partners with Cover Genius for embedded life insurance product " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Australia's TAL partners with Cover Genius for embedded life insurance product
Australian life insurer TAL has teamed up with insurtech company Cover Genius to introduce a new embedded life insurance product in Australia. Dubbed backd by TAL, the new offering will target a market segment comprising part-time workers, contractors and casual employees. The product capitalises on Cover Genius' expertise in digital distribution and TAL's life insurance knowledge to provide insurance through platforms already used by Australians. Employers will now be able to offer life, income and illness protection to their employees via payroll platforms, the companies said. The service simplifies the process with online registration, eliminating the need for underwriting and enabling fully digital claims processing. TAL Group CEO and managing director Fiona Macgregor said: 'At the core of our Cover Genius partnership is ensuring more Australians who want and need insurance can get it. To do this, cover should be tailored to their needs, and be easy to access, understand and keep. 'With backd, more Australians will get support critical to their recovery, addressing an important community need.' In the future, TAL and Cover Genius plan to extend the distribution of the new product to consumers directly through partnerships with organisations in the health and banking sectors. Cover Genius CEO and co-founder Angus McDonald stated: 'Many people do not have life insurance either because they feel they cannot afford it, have not been offered it or think the process will be too complex. 'backd overcomes these issues, by giving employers a simple way to offer their employees easily accessible protection that suits their income and financial needs by simply embedding it into their existing HR or payroll platform.' In April, TAL agreed to acquire a 15.1% stake in Challenger, a fund manager and retirement solutions provider. The transaction involves the purchase of 104,353,125 issued shares for a total of Y80bn ($547.3m). "Australia's TAL partners with Cover Genius for embedded life insurance product " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
TAL Education Group Files Its Annual Report on Form 20-F
BEIJING, June 16, 2025 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a smart learning solutions provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2025 (the "Annual Report") with the Securities and Exchange Commission (the "SEC") on June 16, 2025, U.S. Eastern Time. The Annual Report can be accessed and downloaded on the Company's website at as well as on the SEC's website at Shareholders and ADS holders of the Company may request a hard copy of the Annual Report free of charge by emailing the Company at ir@ or by writing to the following address: TAL Building No.1 Courtyard No.9Qixin Middle Street, Changping DistrictBeijing 102200People's Republic of ChinaAttention: Jackson Ding About TAL Education Group TAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL". For investor and media inquiries, please contact: In China: Jackson DingInvestor RelationsTAL Education GroupTel: +86 10 5292 6669-8809Email: ir@ Piacente Financial CommunicationsHelen WuTel: +86-10-6508-0677Email: TAL@ In the United States: Piacente Financial CommunicationsBrandi PiacentePhone: +1-212-481-2050Email: TAL@ View original content: SOURCE TAL Education Group Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
