Seniors who qualify receiving one-time COVID-19 payments of up to $500 this week
Any senior who is eligible for OAS pension will receive a $300 payment, and an additional $200 is being sent to seniors eligible for GIS
Personal Finance
CRA tip line flooded with 3,300 leads on suspected emergency aid cheats
Tax agency has also received 361,000 repayments for ineligible CERB claims
Canada’s wealthiest one per cent hold 25.6 per cent of riches, new PBO report says
The top 0.5 per cent of Canadian families hold 20.5 per cent of the wealth
Ontario says companies offering drivers $685 million in insurance relief
Policy holders in the province should get a reduction in premiums of about $150 on average
Feds promise to extend the emergency relief benefit
CERB can be claimed only for 16 weeks — 4 eligibility periods — and the end of the program’s 4th eligibility period is early July
Household debt ratio rises to 176.9%, Statistics Canada says
There was $1.77 in credit market debt for every dollar of household disposable income
COVID-19 pandemic pushes Canadian interest rates to near historic lows
Depending on your situation these low rates could mean huge savings
Woman charged after attempting to open bank accounts for false CERB applications, police say
Police say 40-year-old travelled from Montreal to Toronto, now faces a string of charges
190,000 Canadians who received CERB payments have had to repay them, CRA says
The CRA also said it received 600 tips of alleged misuse of the CERB benefit as of June 3