Financial Matters
Apply for Employment Insurance (EI) immediately, even if you are in receipt of severance money! Severance Pay and EI are different! Severance may be received from your former place of employment whereas EI may be received from the government.
It is VERY IMPORTANT to talk with your Bank or Financial Advisor as soon as possible!
ASK to reduce mortgage and loan payments and/or consolidate your payments. Keep in close contact with your Bank or Financial Advisor so they know your new financial situation and can be proactive rather than reactive. RESEARCH your company pension plan! Make sure it is fully funded.
Talk with an ACCOUNTANT! They will advise you on the best way to deal with severance money, pension plans, etc. to reduce taxes.
| Financial Consumer Agency of Canada - The Money Belt | Download |
| Canada Pension Plan | Download |
| Legal Aid Ontario | Download |
| Ontario Works | Download |
| Service Canada (Employment Insurance) | Download |
| Ontario Student Assistance Program (OSAP) | Download |
| MoneySense | Download |
| Managing Your Debt - You Should Get Help | Download |
| Ontario Association of Credit Counselling Services | Download |
| Dealing with Debt - A Consumer's Guide | Download |
| Bankruptcy - Office of the Superintendent of Bankruptcy Canada | Download |
| Trustee Directory | Download |
| Certified General Accountants of Ontario | Download |
| Severance Pay - Ontario Ministry of Labour | Download |
| Bank of Canada | Download |
