If you are a student going to post-secondary, Congratulations! This is such an exciting time for you. It is a time to grow and learn and explore… not just in the classroom. You can also take this opportunity to learn about and practice managing money. You can treat learning about
If you’re 60 years or older and you’re living on a fixed income, this video provides valuable information on Federal financial support through the Guaranteed Income Supplement (GIS). Please note that the eligibility criteria for the 2020 tax year has changed since the preparation of this video. Please see cut-off
For those seniors that received the CERB and the Canada Recovery Benefit, many now will not qualify for the Guaranteed Income Supplement (GIS) or may face drastic reductions to their payments. Like employment insurance, the guaranteed income supplement (GIS) is income-tested. That means the previous year’s taxable earnings – including
“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
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
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
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
