November marks Financial Literacy Month across Canada. After a difficult year for many Canadians, more and more people are facing financial hardship. Financial Literacy Month aims to help Canadians learn how to better manage their finances in challenging times. “Financial literacy gives Canadians the confidence to make smart financial decisions, and if this year has […]
How to Manage Post-Holiday Debt on Blue Monday
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 […]
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 […]
New Canadian Mortgage Rules in 2020
Looking for your first home? Unless you’ve got a lot of cash in the bank, you will probably need a mortgage. Unfortunately, getting a mortgage is becoming harder and harder, especially with new rules that come into play on July 1, 2020. First-time home buyers will be especially hard-hit, finding it more challenging to qualify and […]
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 […]
Everything You Need to Know About COVID-19 and Your Finances
With every day that goes by, COVID-19 continues to evolve and change our lives and our world. There is no doubt that all Canadians will see their finances impacted by COVID-19. While the government is stepping in to support those in need, we must all do our due diligence and fully understand what these measures […]
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 […]
