On July 7, the House of Commons FINA Committee called the Superintendent of Bankruptcy and Commissioner of the Financial Consumer Agency of Canada as witnesses to discuss their responses to the COVID-19 pandemic. Their testimonies revealed the extent to which key Federal regulators know (and don’t know) about what’s to come for Canadians during … Continue reading 4 Pillars’ Letter to Hon. Wayne Easter FINA Committee
Like so many of you, I follow the news and trends related to COVID-19 and the financial health of Canadians very closely. Recently, I’ve found three loosely related government reports that when combined paint a concerning picture of what might be coming our way as a country: In December of 2019, the Office of the … Continue reading An insolvency crisis may be on its way. Is Canada prepared?
The Pending financial Storm. The COVID-19 pandemic is devastating the Canadian economy and people’s financial stability. The rebuilding of the economy is going to take a long time. The phased reopening means this is not a quick fix for those whose financial lives have been destroyed. After the dust settles, the payment deferral programs are … Continue reading The Pending financial Storm
Your Survival plan – When your payments exceed your income. Let’s not beat around the bush, these are scary and stressful times. Remaining physically healthy is the priority — and thankfully, most of us seem to be achieving that. However, very few of us can say our current or future financial situation is a healthy … Continue reading Break glass in case of emergency
For small business owners the fear is overwhelming. The challenges faced today are unlike any other challenges small business owners have faced before. In the past, when we’ve faced financial challenges we have been able to look back on a decision or a string of decisions and events that caused the issues and recognize what … Continue reading 5 Tips for Small Business Owners During COVID-19