What to do if you lose your job

Given the impact of the COVID-19 pandemic on all aspects of life these days, Richard has decided that, rather than have a guest today, he will instead outline for listeners the details of the Canadian Government’s Economic Response to the crisis.

Toward this end, today’s episode finds Richard focusing on the Canadian Government’s response for employees which has been designed to help ensure that employees remain economically viable and have the necessary funds to maintain themselves and their families. He reviews and explains the Government’s support plan for individuals, families, seniors, students, and mortgages, and also provides information about the Canada Emergency Response Benefit (CERB).

Download the full transcript here

Podcast highlights:

  • The Government of Canada’s economic response to the COVID-19 pandemic is divided into two components – one for employees and the other for employers/business owners.
  • The government has provided a lot of help for employees who are struggling financially due to the pandemic.
  • The government’s policies are being updated frequently, so checking www.canada.ca often is very important.
  • The Government’s Economic Response addresses support for individuals, families, seniors, students and mortgages.
  • The Canada Emergency Response Benefit is the centrepiece of the government’s benefit program and is aimed at those who are currently unemployed due to the pandemic.

Quotes:

This is a very important time for us to stick together, and to help each other.”

“The most important thing to do here would be to speak to your bank, and to see what type of help or solutions they can bring to your particular situation if you have been affected by the COVID-19 in terms of not being able to work.”

“Of course this may not be the final word from our government about support. This is what I know now, and it is likely to change as our situation continues to evolve.”

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