The charitable sector is facing a considerable challenge. COVID-19 has increased the demand on services that support our community’s most vulnerable—and decreased non-profit resources to provide these supports. Sadly, this lack of resources is also limiting these organizations in their ability to fundraise for donations they desperately need.
If you’re thinking of hitting the “pause” button on your mortgage, be mindful that a deferral is not mortgage forgiveness; the payment is being delayed and the interest accrued during that period of time is added to the balance owing; directly impacting the total interest you’ll pay over the long term.
Your child has started going to school. Have you started the RESP? In September, school-aged children start their school year and grown up students join post-secondary education. Since the cost of education in Canada is quite high, in order to ease the financial burden of parents, the government has designed a unique educational savings program namely RESP.