Category: Covid 19 - Page 2

Early indications of 2020 numbers (that is, before the COVID-19 crisis hit) mentioned that bankruptcy and insolvency numbers would be at an all-time high. However, since March and over the next couple of months we are likely going to see a large decline in projections. Normally a decline in bankruptcy numbers is a positive and … Continue reading Why we should be concerned about declining bankruptcy filings. →

Don’t forget CERB is a taxable benefit. The Canada Emergency Response Benefit (CERB) provides Canadians whose jobs and income have been affected by COVID-19 with desperately needed cash to meet their basic day to day living expenses. The federal government will provide those approved for CERB $500 per week, for 16 weeks. For those needing … Continue reading Don’t forget CERB is a taxable benefit. →

  Canadians with federal student loan debt are getting a break on payments and interest over the next six months as all efforts to stabilize the Canadian economy is being taken. The payment relief is optional, and students can keep making their payments, it is always recommended that if you can pay, you should pay.  Deferring any … Continue reading Break for student loan payments →

Don’t sweat your credit score during COVID19 A good credit score is important but not a priority during financial crisis. If you are one of the millions of Canadians suffering financially from the coronavirus pandemic, you should not focus on how this will impact your credit score right now. However, you should protect it where … Continue reading Don’t sweat your credit score during COVID19 →

  Watch out for scams related to COVID-19: As we all focus on our health and the wellbeing of others during these very trying times, it’s unfortunate that unscrupulous people are trying to take advantage of everyone’s distress.  Scammers are sending fraudulent emails, text messages and even calling in an attempt to obtain your personal … Continue reading Watch out for scams related to COVID-19: →