BEWARE! There is a new way to pay for small purchases… and you should avoid it. More retailers are offering the choice of paying by installments, even for small purchases like cosmetics and clothes. Christmas is a big opportunity for stores to promote the buy now, pay later system. These
Tag Archives: financial literacy
Teaching your kids about Budgeting using Halloween Candy Do you remember the thrill and excitement of dumping out your candy on your floor after a night of running around the neighbourhood? I loved sorting the candy and deciding which candies to eat immediately and which to save for later. Would
#FinancialFridays: The Canada Recovery Benefit (CRB) will expire October 23rd and will be replaced by the Canada Worker Lockdown Benefit.
The Canada Recovery Benefit (CRB) will expire on October 23rd and will be replaced by a new targeted benefit known as the Canada Worker Lockdown Benefit that will run until May 7, 2022 (retroactive to October 24, 2021).The “Lockdown Benefit” will be for those whose work is directly impacted by
#FinancialFridays: A recent survey reveals that mental health and financial worries are deeply connected. Learn more here.
For many people, their mental health can be deeply impacted by financial concerns. A recent article by the Financial Post explores the connection of mental health challenges to income, housing and employment insecurity which for many has been made worse by the effects of the pandemic. A survey by Credit
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
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
#FinancialFridays: Seniors who received the CERB and Canada Recovery Benefit may now not qualify for the GIS or may face drastic reductions to their payments.
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
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