Category Archives: Financial Literacy

#FinancialFridays: Free Income Tax Filing Services are available to those who meet income guidelines. Learn more here.

Free Income Tax Filing Services Still Operating Under COVID-19 Conditions in Bruce and Grey Counties. This year, under COVID-19 conditions, the Community Volunteer Income Tax Program (CVITP) is changing how it provides free services. Most local organizations in Grey Bruce will be offering drop-off/pickup, virtual or phone services. Across both

#FinancialFridays: Credit – it can help build your dreams and it can come down like a hammer. Learn more here.

Credit is like a hammer; it can help build our dreams or it can leave us in ruins – it’s all in how we use it. What a wonderful feeling to have that envelope at the door shouting “Congratulations, you’ve been approved for a $10,000.00 loan!”. We all love to

#FinancialFridays: Did you receive pandemic benefits? You may qualify for a payment plan with CRA. Find out more here.

Canadians who received pandemic benefits will have up to 1 year to pay back any debt from those benefits without interest. This applies to Canadians who made up to $75,000 in taxable income in 2020 and received one of the federal government’s five pandemic relief benefits or employment insurance benefits:

#FinancialFridays: Are you 65 years or older? You may qualify for the Canada Guaranteed Income Supplement.

Have you heard about the Guaranteed Income Supplement (GIS)? The GIS is a federal monthly payment which is based on income and is available to low-income Old Age Security pensioners. It is not taxable. You may qualify if… You are a senior 65 years or older. You receive the Old

Receive Covid-19 government benefits? Your 2020 personal taxes may be affected.

How do the COVID-19 benefits impact your income tax return? If you received the Canada Emergency Response Benefit (CERB), Canada Emergency Student Benefit (CESB), Canada Recovery Benefit (CRB), Canada Recovery Sickness Benefit (CRSB), or Canada Recovery Caregiving Benefit (CRCB) payments, these are considered taxable income, and you will have to

#FinancialFridays: The New Year is here and so is the opportunity for financial fresh starts.

Financial Fridays Facing Fear Finding Freedom The Covid-10 Pandemic has affected everyone financially, to some degree. While there are some who made extra money, for most people there have been a significant increase in the cost of living, as well as drastic changes to incomes. A new year gives us

#FinancialFridays: If you received CERB or CRB – there are things to know prior to tax time.

As 2020 wraps up (pun intended!), it is also a good time to look forward to tax season. This is going to be a different tax season for many people as they navigate the changes in their income and how that impacts their taxes. For those who applied for COVID-19

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