“Pay yourself first.” This is a mantra that is used to help personal finances.What does it mean? This means putting money away for emergencies. Pick an amount – any amount – and put it in a separate account every month. Make this non-negotiable. You can put it in a regular
Category Archives: Financial Fridays
#FinancialFridays: Parents can expect another payment of the CCB Young Child Supplement. Learn more here.
Parents and guardians receiving the Canada Child Benefit for children under 6 years old will receive an extra payment on July 30th, 2021. Those with a family net income of $120,000/year or less will receive this supplement. Another payment will occur October 29th, 2021. To find out more about the
#FinancialFridays: School may be out for the summer, but now is a great time to think about your child’s post secondary education.
School may be out for the summer but it’s also a great time to start saving for your child’s education. Over the next three weeks we are going to talk about government programs and strategies for saving for your child’s post-secondary education including: trade schools, colleges, universities, and other institutions
Would you like to save for your child’s education but struggle to find space on a tight budget? The Canada Learning Bond can help. Many people have heard of the matching program, the Canada Education Savings Grant, but are not aware of the Canada Learning Bond. This program does not
If you have debt and collection agencies are calling constantly, its hard not experience anxiety and stress. Choosing to ignore debt may seem like the right thing to do at the time but left unchecked, your debt could grow and you may experience negative effects on your mental and physical
Did you know…… you can make income tax payments in installments!? If you owe taxes to the government, the Canada Revenue Agency (CRA) will work with you to make a payment plan that works for you. Because of the financial hardships people are dealing with because of COVID-19, the CRA
#FinancialFridays: The Government of Canada announces more support for parents with young children. Learn more here.
The Federal Government has announced more financial support for parents with their Canada Child Benefit Young Child Supplement (CCBYCS). Families with children under the age of six in 2021 who receive the Canada Child Benefit will receive an additional supplement beginning May 28th. If your family’s net income (income after
Our Financial Literacy Program relaunched in June 2020 and this week marked the 250th person accessing the program. 62% of those who accessed the program completed a budget with our Financial Literacy Program Coordinator. A budget is an important tool for understanding your current financial situation and making a plan
During the lockdown, we are spending more time together than if the kids were at school throughout the week. Children are sponges and are learning from watching us. One of the things we are teaching them, purposely or accidentally, is our own beliefs about finances and our personal habits with
Taxes are to be filed by today, April 30th, 2021. If you have missed filing your taxes on time, you can still file…but do so as soon as possible to avoid potential penalties. Here are some things to know: If you owe taxes because of COVID-19 related benefits, the Canada