Articles - Page 9

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 →

  Watch out for scams related to COVID-19: As we all focus on our health and the wellbeing of others during these very trying times, it’s unfortunate that unscrupulous people are trying to take advantage of everyone’s distress.  Scammers are sending fraudulent emails, text messages and even calling in an attempt to obtain your personal … Continue reading Watch out for scams related to COVID-19: →

As Canadians struggle to adapt to the new measures in place to flatten the curve of Covid-19 infections many are facing financial uncertainty. Although the Government has released an Economic Response Plan, details are not always easy to understand, and they don’t all cover the challenges facing many Canadians.   Below are answers to the questions … Continue reading Frequently Asked Questions: Personal Finance During Covid-19 →