COVID-19 & your money

A look at the Canada Emergency Response Benefit (CERB), the wage subsidy, and how to access it.

The COVID-19 pandemic has caught many of us off-guard, and left many Canadians without an income. This has left many Canadian renters in a tough position - here's everything you need to know.

The federal government pushed the tax submission deadline to June 1st, 2020 with payments due September 1st. Do your taxes now - if there's a refund, claim it. If you owe, you can wait.

The Canada Emergency Wage Subsidy is designed to help businesses struggling with the economic effects of the coronavirus retain and/or rehire their employees.

The uncertainty surrounding the COVID-19 pandemic is cause for concern for many reasons. If you're worried about your mortgage payments, here's everything you need to know.

Mortgage deferrals aren't free - your bank will continue to charge interest even when you're not making payments. We've calculated a couple of examples to give you some more insight.

Should you refinance your mortgage during the coronavirus pandemic? There are lots of reasons why you might consider a refinance, but COVID-19 makes it more complicated.

How the banks are helping you with your credit card in the midst of COVID-19

Credit card interest rates are being temporarily cut by roughly half for tens of thousands of Canadians.

We break down the pros and cons of different redemption options and the average point values for some of Canada’s biggest programs.

During times of uncertainty, there are steps you can take to anchor your finances, manage your anxiety and prepare for what’s ahead.

You'll need to have a repayment strategy and the financial means to make monthly minimum payments.

From the Great Depression to the Great Recession, investments have had a tendency of rising again over time.

The effects of COVID-19 on the Canadian economy might feel like it, but Canada's technically still not in a recession.

You can't start an emergency fund without revising your monthly budget and expenses first.

Weigh your options and risks. Consider reducing your coverage in key areas to lower your monthly premiums.

Payment deferrals, waiving NSF fees, and offering flexible payment solutions are common. Some providers are offering discounts and coverage extensions to protect what you hold most valuable.

Pay-as-you-go insurance means you only pay for what you use and how you drive. Driving less could mean significant savings. We look at the companies offering this type of insurance.

Not using your car? Call your provider and reduce your coverage to comprehensive only to save money. Here's a breakdown between provinces.

The more you know your policy, the easier it is to make adjustments. For most people, you're going to be in your home now more than ever, so your coverage level should reflect the new reality, both in discounts and in adding coverages.

Your life insurance will pay your dependents if you succumb to COVID-19. If you want coverage now, it's possible, but you may have to wait a little longer because of the contestability period. A pandemic highlights the importance of a good life insurance policy, especially if you have dependents.

Take inventory of what you have, make a list, and buy the right things that last a long time.

Trouble getting groceries. There are alternatives, some you may not have thought about.

Many Canadian renters are in a tough position. While there have been some measures announced to support people paying off mortgages, renters have not had as much in the way of specific support.

Post-secondary students can apply for the Canada Emergency Student Benefit (cesb) in May.

National and Provincial student loans will remain interest free until the end of September 2020.