This is an important piece of information that many people don’t know. When you sign up for a bank account, in the contract it will outline that banks have the “right to offset”. This means that if you have both a bank account (ie. Chequing or savings) and a debt
Category Archives: Financial Literacy Program
Ready to make some positive changes in your life? Our “Turning Over Stones” brochure includes useful resources on local supports.
Looking to make some positive changes in your life? Our “Turning Over Stones” brochure contains useful information relating to local utility assistance, home repairs and energy programs, financial literacy, support for children and newcomers and more. This resource along with information on our Financial Literacy Program is available online at
There are new pandemic-related changes coming to the Employment Insurance system that took effect Sunday, September 26. This is a list of a few changes. To see all criteria, visit Service Canada at https://www.canada.ca/en/services/benefits/ei.html. Eligibility In the last year, EI applicants received a one-time top-up of hours to help them qualify.
#FinancialFridays: Growing up and finances – what messages about money have you learned in your life?
Where did you learn about money and finances? We learn about money and how to use it from our earliest age. There are messages about money all around us. From watching those closest to us and how they use money to commercials that are streamed into our minds through tv,
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
“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
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
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