Home Economics: The sandwich generation is taking it on the chin
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The sandwich generation forced to balance caring for their kids and their folks
If youâre pressed between taking care of young children and aging parents, youâre probably one of the many Canadians in the âsandwich generation.â Sandra Henderson, regional Toronto president at BMO Private Wealth, joined BNN Bloomberg for Your Money Month to discuss how the COVID-19 pandemic is further squeezing this cohort and what unexpected costs they may have to face when balancing their budgets.
Women are putting family financial plans before their own
Home Economics: Planning for the worst, and how to avoid shooting your RRSP in the foot bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Home Economics: Does the tax man want you to pay back CERB?
BNN Bloomberg The Canada Revenue Agency building is seen in Ottawa, Monday April 6, 2020. , THE CANADIAN PRESS/Adrian Wyld
CRA asks some Canadians to repay CERB payments
Some Canadians who received the Canada Emergency Response Benefit (CERB) are being asked by the CRA to repay the full amount by Dec. 31. Self-employed Canadians were eligible for CERB as long as they made more than $5,000 in 2019 or within the 12 months before they applied. However, in recent letters sent out requesting repayments, the CRA defines self-employed income as ânetâ income of at least $5,000. Some recipients of the benefit interpreted self-employment income as their gross income, and say the CRA did not make this clear.