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[The Canadian Press] Many Canadians are just trying to get through the week, never mind the year, when it comes to their finances. But accountants say it’s already time to start taking stock of government support and wages received since the Covid-19 pandemic struck.
[By Rob Carrick, The Globe and Mail] Hard lessons in personal finance have rained down on us since the pandemic began. The Pandemic Personal Finance Update has tried to keep track of them. The first instalment appeared March 23 and covered falling stocks and “wartime budgets” for families. Later editions looked at topics such as … Read more
[By Rudy Mezzetta, Advisor’s Edge] Ontarians experiencing financial difficulty resulting from the Covid-19 pandemic may be able to access money from their company pension plans, their Locked-in Retirement Accounts (LIRAs) or their Life Income Funds (LIFs) if they are eligible under the rules governing their pension plans or under Ontario’s Pension Benefits Act (PBA). Last … Read more
[By Rob Carrick, The Globe and Mail] Since early March, I have had the same $50 in my wallet (see the photographic evidence below). In the pandemic economy, electronic payments rule. Credit cards for online orders and debit or credit cards for those periodic visits to grocery or drugstores. Paying with cash is seen as … Read more
[By Rob Carrick, The Globe and Mail] Over the past few weeks, a significant number of people have expressed concern about the safety of their deposits and guaranteed investment certificates at the big banks. “We track sentiment and we are picking that up in our numbers as well,” Peter Routledge, president and CEO of Canada … Read more
[By Melissa Shin, Investment Executive] The federal government has enacted several measures aimed at mitigating the financial impacts of Covid-19. Here are the highlights.
[By Allison Jones, Investment Executive] Ontario introduced a $17-billion package Wednesday to support the province through the Covid-19 outbreak, including an influx of cash for the health sector, direct payments to parents, and tax breaks for businesses.
[By Jamie Golombek, Financial Post] The federal government this past week announced a variety of tax measures to help Canadians facing hardship as a result of the COVID-19 outbreak. Here’s a quick summary of the major tax changes affecting individuals.
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of … Read more
[By Canadian Press] The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak.
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