Monday January 18 marks Blue Monday – the most depressing day of the year. The third Monday of January is the period when Canadians see less sun, abandon New Year’s Resolutions, and begin receiving credit card bills from the holidays. Despite several economic forecasts indicating that most Canadians would be spending less than usual on […]
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CERB Overpayments: What to Do If You Owe Money to the CRA
At the start of the pandemic, many Canadians were quick to register for the Canadian Emergency Response Benefit (CERB). The federal government’s $2,000-a-month payment was simple to apply for and came with minimal eligibility requirements. The benefit was initially created to help workers and businesses navigate the financial impact of COVID-19. However, many CERB recipients […]
Why this year should be a credit-free Christmas
This year has hit all Canadians hard – whether it be physically, mentally, emotionally or financially. With the holidays around the corner, many families are looking forward to celebrating with loved ones and putting the year behind them. But despite the fact that Canadians may want to celebrate Christmas like they usually do, it’s important […]
Beyond the CERB: New Covid-19 Government Benefits
When the Canada Emergency Response Benefit (CERB) was rolled out earlier this year to help Canadians who saw their income impacted by the coronavirus, everyone knew it would inevitably come to an end. The CERB officially ended at the end of September as the government transitions people back onto EI. The EI program is set […]
Bankruptcies, Consumer Proposals Down Despite Record Unemployment and Debt Levels
Canada’s recently released unemployment numbers show that the jobless rate jumped from 7.8 per cent in March to 13 per cent in April – nearly matching the highest ever recorded data dating back to the mid-1970s. Yet despite this, the number of Canadians filing for insolvency has decreased significantly. First-quarter numbers released by the Office […]
Why You Need to Review Your Finances Amidst the COVID-19 Pandemic
As Canadians settle into their third week of lockdown, the uncertainty that looms around COVID-19 has everyone worried about their finances. School closures and state of emergency declarations have been extended, which means that people will be out of work longer as businesses continue to be closed. While some Canadians are fortunate to still be […]
A Message From Our CEO: We’re Here to Help (COVID-19)
As the COVID-19 outbreak continues to evolve, we understand that Canadians are facing some unprecedented and challenging times. We want to assure you that Credit Counselling Services of Atlantic Canada is taking precautions to keep our clients and employees safe. Following the advice of Canadian public health officials, here are some of the steps we are […]
Credit Counselling Services of Atlantic Canada Launches Annual Scholarship Program
Is the cost of tuition getting you down? Post-secondary students in Atlantic Canada are now invited to apply to Credit Counselling Services of Atlantic Canada’s annual scholarship, which awards up to 10 $1,000 scholarships to put towards tuition, books or other schooling needs. Scholarships are open to residents of Atlantic Canada (regardless of age) who […]
