There continue to be many important updates regarding financial aid and CRA tax deferrals. Below is a quick summary of the recent news: Tax payment deadline: Two weeks ago, the payment deadline was re-extended by one month from September 1st to September 30th for those who either have a balance owing on their 2019 tax return,… Read More
The You First Blog
CERB The CERB has been extended from 16 weeks to 24 weeks for workers who: stopped working due to COVID-19 or are eligible for Employment Insurance regular or sickness benefits or have exhausted their Employment Insurance regular benefits December 29, 2019 and October 3, 2020 The CERB has been the major cash flow solution offered… Read More
We hope everyone remains healthy and well. We would like to answer some frequently asked questions (FAQ) on the current state of markets and the global economy. We culled responses from various economic strategists and portfolio managers. As usual, we are dealing with a mix of positive and negative data and ultimately, “the virus has… Read More
This week, the Canada Emergency Response Benefit (CERB) was officially extended for two additional months. CERB-eligible recipients will be able to receive $2,000 per month over the two extra months. Prime Minister Justin Trudeau announced the extension of the CERB during a statement on Tuesday. However, he did encourage Canadians to seek work and return… Read More
Taxes The 2019 tax season is almost behind us and we want to thank all You First clients for your patience in adapting to the new processes this year. As a reminder, you have until August 31 to remit your balance owing without incurring any late-payment interest. This also applies to those who must make… Read More
A popular question from investment media this month is how stock markets can only be down 10% to 15% from their pre-COVID highs amid all this economic damage. On May 10th, the New York times published an article called Repeat After Me: The Markets are not the Economy. On May 22nd, the Globe & Mail… Read More