Where to find and apply for COVID-19 financial relief Aug 23rd

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News

What does a fee-only financial planner do, exactly? Sep 16th

Q. How do you make money, Jason, if you don’t sell any products? –Rob A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.  Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »

Will the average home insurance cost go up because of COVID-19? Aug 31st

What does home insurance have to do with the pandemic? Canadians have been spending more time at home as a result of the COVID-19 pandemic, and that’s a good thing–we’re all trying to stop the spread of the coronavirus and get back to life as we knew it. However, all of that extra time in our .... More »

Should you buy a vacation property? Aug 27th

The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird. There are many emotion-driven reason.... More »

Wealthsimple review 2020 Sep 20th

Maybe you’re here for our Wealthsimple review because its slick ads featuring frank talk on finances from Hollywood actors, such as Mark Duplass and Aubrey Plaza, made you curious. Or maybe its highly relatable celebrity social media posts, like Queer Eye’s Jonathan Van Ness declaring his First .... More »
The COVID-19 outbreak has dealt a shock to our economy, shuttering entire industries and leaving many more businesses in limbo, forcing layoffs and loss of income on many people. Fortunately, the Canadian government and several other institutions are offering financial relief for Canadians during the COVID-19 pandemic. If you have lost your job, have decreased income, need to stay home to take care of someone else, need to isolate or are sick yourself, the following emergency measures can help cushion the blow, including the latest news on the federal government’s plan for relief when the Canada Emergency Response Benefit (CERB) ends.
Canada Emergency Response Benefit (CERB)
This is a COVID-19 emergency aid measure set up by the federal government to help get financial relief to Canadians quickly and efficiently. It is a taxable benefit that pays $2,000 per month for up to four months (16 weeks), retroactive to March 15.
Who qualifies for CERB?

Workers who have lost their jobs or cannot work because of the COVID-19 outbreak
UPDATED: Workers whose income has fallen to $1,000 per month or less, including self-employed and gig-economy workers
Workers who are sick, quarantined, or caring for someone else who is sick
Working parents who can’t work because schools and daycares are closed
Workers who still have jobs but, due to required workplace shutdowns and layoffs, are not working right now
Independent contractors and self-employed workers who don’t usually qualify for Employment Insurance (EI)

How is CERB different from EI?
The CERB is specifically designed to fill in the gaps that surround the current EI system…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!