Six Financial Lessons of COVID-19

The last couple months have been very distressing from a medical and self-isolation perspective. They have also been difficult from a financial and business perspective. I was recently thinking about whether we could learn any financial and business lessons from this time. I came up with six lessons, which The Globe and Mail published on Thursday. I would like to thank Roma Luciw of the Globe for her editing skills.

The article can be found here. If the article does not open, it can be accessed at no charge by signing up with The Globe.

Government program update

I also want to mention some important recent changes to government programs:

• The 75% wage subsidy program was changed last week. Please see this very detailed tax alert for the latest.
• On Wednesday April 15th, the Liberal government expanded the Canada Emergency Response Benefit (“CERB”) for people who make a $1,000 or less a month. See this summary of the CERB inclusive of the April 15th changes.
• On Thursday April 16th, the government announced an expansion of the the Canada Emergency Business Account and a new Canada Emergency Commercial Rent Assistance program to help small businesses with their rents. See this government release. 

The content on this blog has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The blog cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO Canada LLP to discuss these matters in the context of your particular circumstances. BDO Canada LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information on this blog or for any decision based on it.

Please note the blog posts are time sensitive and subject to changes in legislation.

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Ten Financial Lessons We Can Learn from Warren Buffett

As I mentioned last week, I am swamped with the end of tax season (my brain is also mush) and I don’t have the time to write a post today. However, I was sent this Warren Buffett link that I really like and thought I would post it today.

I am often deluged with offers of articles, payments and infographics "for links" to various websites and I always dismiss them. I only post blogs by guest writers that I have worked with personally and have no hidden links (at least that I am aware of). So while the following is promoting online universities, I actually quite like this infographic and have decided to share it anyways.




Source: Best Finance Schools