Articles - Page 8

For small business owners the fear is overwhelming.  The challenges faced today are unlike any other challenges small business owners have faced before.  In the past, when we’ve faced financial challenges we have been able to look back on a decision or a string of decisions and events that caused the issues and recognize what … Continue reading 5 Tips for Small Business Owners During COVID-19 →

Early indications of 2020 numbers (that is, before the COVID-19 crisis hit) mentioned that bankruptcy and insolvency numbers would be at an all-time high. However, since March and over the next couple of months we are likely going to see a large decline in projections. Normally a decline in bankruptcy numbers is a positive and … Continue reading Why we should be concerned about declining bankruptcy filings. →

Don’t forget CERB is a taxable benefit. The Canada Emergency Response Benefit (CERB) provides Canadians whose jobs and income have been affected by COVID-19 with desperately needed cash to meet their basic day to day living expenses. The federal government will provide those approved for CERB $500 per week, for 16 weeks. For those needing … Continue reading Don’t forget CERB is a taxable benefit. →

  Canadians with federal student loan debt are getting a break on payments and interest over the next six months as all efforts to stabilize the Canadian economy is being taken. The payment relief is optional, and students can keep making their payments, it is always recommended that if you can pay, you should pay.  Deferring any … Continue reading Break for student loan payments →

Don’t sweat your credit score during COVID19 A good credit score is important but not a priority during financial crisis. If you are one of the millions of Canadians suffering financially from the coronavirus pandemic, you should not focus on how this will impact your credit score right now. However, you should protect it where … Continue reading Don’t sweat your credit score during COVID19 →