As COVID-19 continues to spread across the globe, and ‘social distancing’ becomes the new normal, millions of Canadians are facing financial uncertainty due to the closures of non-essential businesses and services.
Experts are predicting that restrictions will likely only increase over the short-term - creating further economic uncertainty.
The Government of Canada’s COVID-19 Economic Response Plan was announced on March 18, 2020, and will provide up to $52 billion in direct support to Canadian workers and businesses. Banks are also putting in place measures to ease Canadians financial concerns, however, the details are still unclear, and confusion will undoubtedly be created for people and businesses facing financial challenges during this period of uncertainty.
As Canada’s most trusted debt consulting and financial rehabilitation companies, 4 Pillars has the opportunity to share its knowledge and expertise with Canadians - to help them weather the storm and make the best financial decisions they can in this new reality.
4 Pillars is working with its franchisees to provide support and encourage individuals and small businesses to learn more about the programs and supports being offered by the Government of Canada and banks to ease the financial challenges being faced by thousands of Canadians in this difficult time.
COVID-19 has created unease and uncertainty, both in Canada and around the globe. Governments have enacted unprecedented measures to contain the virus, including social distancing, school and business closures which is resulting in millions of Canadians being disrupted in their work. This will compound the stress of the current situation.
We understand the stress that so many Canadians are feeling because of their finances. Recently announced government and banking programs are still developing and remain unclear. This makes the process of informed decision making difficult for many Canadians.
Government programs and supports have been announced, but they can be difficult to understand who can access funding and how they can get it – this is where 4 Pillars can help.
4 Pillars number one focus is on the health and safety of our clients and staff. All our offices will remain operational through a variety of ways including phone calls and remote video meetings.
Page Update: April 23, 2020