Meeting the salary requirement for CEBA

Robyn Thompson is featured on BNN’s “Ask the Expert” feature on The Open, discussing the salary requirements for small business owners to apply for interest-free loans under the Canada Emergency Business Account (CEBA).

Cottage sale tax tips

How to cut the capital gains tax hit

Thinking about selling the cottage, cabin, or lakeside getaway? Plenty of people are, especially those of the Baby Boom generation who are finding that maintaining two properties is increasingly time-consuming, tiresome, and expensive. And if the younger generation is no longer interested in keeping up a family cottage, there seems little alternative left but to sell. If you do decide to put up that “for sale” sign, bear in mind that the Canada Revenue Agency will come calling with a bill for capital gains tax. Depending on how long you’ve owned the cottage, it could be a big one. But there may be ways to soften the blow.

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Financial implications of eldercare at home

Robyn Thompson is featured on Citytv’s Breakfast Television with Devo, discussing the financial implications of bringing an elderly parent home from a long-term care residence during the COVID-19 pandemic. What you need to know before making the move.

5 rules to avoid pandemic investment frauds

The big come-on from dodgy vaccine-makers, fake gold mines

The COVID-19 pandemic has brought many unpleasant consequences to our economy and social structure through emergency lockdowns and self-isolation. One of these is the proliferation of fraudulent investment schemes and scams designed to part you with your money. As more of us are forced to stay at home, online usage has skyrocketed. And fraudsters are taking advantage. Seniors are especially susceptible, as con men believe they are more trusting but also generally more vulnerable, particularly those living alone. But you can protect yourself by following just five simple rules. READ MORE

Get credit where it’s due (deductions too)

June 1 tax-filing deadline

With all the stress of the Covid-19 pandemic lockdown, you might have taken advantage of the one-month extension of the tax-filing deadline to June 1. Payment of any tax owing has been extended to Sept. 1, but you must still file a return by June 1. Those who are self-employed have until June 15 to file. There is unlikely to be any further extension of the deadline, so you’d better make sure you have all your information slips ready ahead of the filing deadline on June 1 (all those documents prefixed with a “T” are critical). And make sure you’ve reviewed the list of deductions and credits you might be entitled to. READ MORE

Post-pandemic portfolio planning

Rebalancing for recovery

The March market meltdown, bond market gyrations, repricing of assets, and the flight to safety over the past couple of months has thrown many portfolios into disarray, particularly those of the do-it-yourself variety. The turmoil is likely to be reflected in increased values for fixed-income and cash holdings in your portfolio. Likewise, your equity values will have declined significantly.

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Retiring now? How to avoid pandemic panic

Coping with withdrawal risks and benefiting from RRIF rule changes

The onset of the COVID-19 pandemic has thrown many retirement plans into disarray. The collapse of the stock market in March, volatility in bond prices, the crash of energy markets, and the shutdown of virtually all economic activity naturally is causing a great deal of anxiety for those who were planning for retirement this year. But even now, there are financial strategies for pre-retirees and those in the early phases of retirement that can help protect your nest-egg and secure your income streams.

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Retirement planning during the pandemic

Robyn Thompson is featured in BNN’s “The Open” with host John Erlichman, discussing how retirement planning is affected by the COVID-19 pandemic and what retirees (and those ready to retire) can do to protect their nest-egg and secure their income streams into the future.

Business start-up tips for women

Confidence. Grit. Determination. That’s just some of what makes a successful businesswomen. And if you’re thinking now of opportunities when the coronavirus pandemic ends, you might just have what it takes. Read Robyn’s guest blog on Sandbox, as she shines a light on what needs to be at the top of your list when it comes to starting a successful business.

Want to see and hear more of Robyn? Catch her in Sandbox’s latest International Women’s Day 2020 video showcasing inspirational women who have made an impact on the SBX and our surrounding community!

How to apply for Canada’s emergency financial benefits

Federal government’s CERB program up and running

Effective April 6, the federal government’s Canada Emergency Response Benefit (CERB) provides eligible employed and self-employed Canadians whose employment has been affected by the COVID-19 pandemic a defined amount of financial support. The benefit provides $500 a week for a four-week period ($2,000) for up to 16 weeks.

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