Many Canadians will turn to debt when government benefits run out, survey suggests – National

Many Canadians will turn to debt when government benefits run out, survey suggests – National

in Sep 16, 2020

A large number of Canadians receiving emergency government assistance will turn to debt to meet their needs when those benefits run out, a new survey suggests. Read more: Household debt ratio drops to 158% of disposable income, down from 175% The survey, which was commissioned by insolvency firm MNP Ltd. earlier this month, found[…]

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Emergency coronavirus benefit could be a model for future aid programs: minister – National

Emergency coronavirus benefit could be a model for future aid programs: minister – National

in Mar 26, 2020

[ad_1] OTTAWA — The newly created benefit for workers whose livelihoods are affected by COVID-19 may be a model for how the federal government helps unemployed Canadians in the future, Employment Minister Carla Qualtrough said Thursday. Dubbed the Canada Emergency Response Benefit, the $2,000-a-month taxable benefit will be available to any worker who earned[…]

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