Part 1 – Get Rid of the Junk. “Individually, these small things likely don’t disrupt your day-to-day financial well-being.”
Posts
COVID- 19 Canadian Emergency Wage Subsidy (CEWS)
CEWS will enable employers to re-hire workers previously laid off, to help prevent further job losses, and to better position businesses to resume normal operations following the COVID-19 crisis.
February 2020 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 1.7% and consumer proposal filings were up 19.0% as compared to the 12-months ended February 28, 2019.
New Brunswick – Personal bankruptcies were up 0.3% and consumer proposal filings were up 12.8% as compared to the 12-months ended February 28, 2019.
Covid-19: How will the Canada Emergency Response Benefit affect my Bankruptcy?
Support payments received as a result of COVID-19 measures are meant to be used by individuals and their families, not their creditors.
2020 Surplus Income Standards
The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.
How to Access Needed Money: Canada’s COVID-19 Economic Response Plan for Consumers
These are stressful times but no one should feel alone with these challenges.
COVID-19 Economic Response Plan – Income Tax Deadlines Have Been Extended
New tax filing and payment due dates. The due date for filing individual tax returns has been extended to June 1, 2020. Taxpayers will have until September 1, 2020, to pay any 2019 income tax amounts owed.
January 2020 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 1.7% and consumer proposal filings were up 18.7% as compared to the 12-months ended January 31, 2019.
New Brunswick – Personal bankruptcies were up 2.3% and consumer proposal filings were up 13.0% as compared to the 12-months ended January 31, 2019.
December 2019 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 1.2% and consumer proposal filings were up 17.9% as compared to the 12-months ended December 31, 2018.
New Brunswick – Personal bankruptcies were up 3.6% and consumer proposal filings were up 13.1% as compared to the 12-months ended December 31, 2018.
Helping families with high energy prices through the 2020 New Brunswick Home Energy Assistance Program
The New Brunswick government is offering a one-time benefit of $100 to help low-income families with their home energy bills.