COVID-19 financial literacy: I’m almost retired. What about my investments?

Concerned about your investments during the COVID-19 crisis? Learn what you can do to protect your retirement income.

There is no scarier thought about the future, when your retirement date is getting closer by the hour and then the stock market dips horribly. Learn from our experts about how to get back in the black and how to manage market volatility without losing your hard-earned investments.

Webinars

These webinars are made possible by the generous support of Canada Life, our national development sponsor.

Wellness in a time of crisis
The first half of the webinar focuses on financial fears including income and stability, stock market instability and having that “emergency fund.” The latter half tackles mental health challenges, covering topics like how to deal with news overload, isolation, working with children at home and how to access help when needed.

Protecting yourself from fraud during COVID-19
Get tips on how to protect yourself from fraudsters during this crisis.

Coping with stress during COVID-19
Learn how to take control of your stress during this uncontrollable time

Podcasts

Investing during major market swings

COVID-19 has caused financial stress on individuals as many are worried about their investments. In this episode, Larry Short, CPA, CGA, portfolio manager and executive director, Private Client Group at HollisWealth/ShortFinanical, helps to ease some of this worry by explaining we have seen these “unprecedented” times in the past. Larry provides insight into the situation as well as shares tips to investing during a market downturn. This episode was recorded via Skype (May 7, 2020) and contains some content from a previously recorded webinar, Wellness in a time of crisis (April 22, 2020).

Apple Podcasts | Google Podcasts | PodBean | Spotify

Retirement in the unknown

There are several “unknowns” as we start to look towards the future and life after COVID-19. For many, a big unknown is what their retirement looks like. In our last episode of this special COVID-19 series, David Trahair, CPA, CA, and author of The Procrastinator’s Guide to Retirement: How you can retire in 10 years or less helps us try to make sense of this unknown. David believes it’s not the strongest, it’s not the smartest, but it’s those who will adapt to the changing environment who will be successful moving forward. Through analyzing the past, acting in the now and planning for the future, he uncovers how we can focus on emerging from this crisis. This episode was recorded via Skype.

Apple Podcasts | Google Podcasts | PodBean | Spotify

Mental wellness during a pandemic

Financial wellness and mental wellness are connected. It’s no secret that COVID-19 has left many individuals struggling mentally. Mary Ann Baynton, director of strategy and collaboration, Workplace Strategies for Mental Health, at Canada Life, helps us tackle these mental health hurdles by providing insight and strategies to take control in this uncertain time. This episode was recorded via Skype.

Apple Podcasts | Podbean | Google Podcasts | Spotify

Tax in turbulent times

Tax season comes every year, but this year looks a bit different given the pandemic circumstances. In this episode, we talk all things tax with Fabio Bonanno, CPA, CA, principal, Taxation at CPA Canada, as he walks us through some of the government benefits available and what we need to know about tax during the COVID-19 crisis. This episode was recorded via Skype.

Apple Podcasts | Google Podcasts | PodBean | Spotify

To listen to more episodes, visit the Mastering Money: The Educator’s Edition podcast page.

Tools

Cash Flow Organizer
Get a clear picture of your cash flow — what is coming in and what is going out. 

Net Worth Worksheet
Get a snapshot of what you own (your assets) and what you owe (your liabilities).

Document Organizer
Organize your documents in preparation for filing your taxes.

Financial Wellness Guide
Our interactive questionnaire helps you understand money basics and how they apply to you.

The procrastinator’s guide to retirement: How to retire in 10 years or less (publication)
Are you retirement-ready? Learn how to secure a comfortable retirement in 10 years or less.

Just the facts – Adults
Get access to educational materials targeting the diverse financial needs of adults, ranging from topics on financial statements basics to effective financial management.

Articles

Ontario Securities Commission – Get Smart about Money

Common sense advice to nail those retirement savings
‘Never base your calculations on a pre-tax scenario,’ financial expert recommends. Here are five other things to consider when planning your retirement.

Avoiding fraud and identity theft in times of crisis
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.

Habits to improve financial wellness
Many of us find ourselves in the same financial rut over and over again. The following blog post offers tips on improving your financial wellness.

Being financially savvy will help you sleep better at night
Financial wellness has less to do with how much money you earn, and more to do with how you manage it.

Real estate investments: How to manage your mortgage interest deductible
How do homeowners deduct their mortgage interest? Read more and find out the pros and cons.

Federal government support

  • special Goods and Services Tax credit payment
    • one-time payment for low-income and modest income families
    • close to $400 for single individuals
    • close to $600 for couples
  • extra time to file income tax returns
    • filing due date for 2019 tax returns of individuals (other than trusts) deferred until June 1, 2020 (payment due date for 2019 tax year is extended to September 1, 2020)
    • any new income tax balances due, or instalments, being deferred until after August 31, 2020 without incurring interest or penalties
    • if expecting benefits under the Goods and Services Tax credit or the Canada Child Benefit, do not delay filing

View a complete list of support and up-to-date information on the Federal Government’s COVID-19 Response Plan

For questions, please email us.