Hancock Financial Solutions Inc.
59 Park Street A2H2X1 Corner Brook, NL, Canada

In recognition of International Women's Day, Hancock Financial Solutions would like to recognize three outstanding women who every day exhibit leadership, commitment, and compassion. Charlene Parsons, Zita Pike, and Ashley O'Brien are central to our success and vital to the service and support we offer our many valued clients. Thank you Charlene, Zita, and Ashley.

The COVID-19 pandemic has led to significant economic strain on Canadians and CERB repayment will undoubtedly increase the helplessness of those already struggling financially, due to unclear messaging from the federal government on eligibility.

Many persons with disabilities and parents of children with a disability are missing out on up to $90,000 in federal government savings grants and savings bonds, as well as the opportunity to earn even more income from decades of investment growth. It’s a tremendous financial loss many don’t realize, often due to barriers of access or misunderstanding about the Registered Disability Savings Plan (RDSP).

If your income was low in 2020 but you still have money to save, a tax-free savings account could provide a better tax advantage. TFSA contributions can not be deducted from income like an RRSP, but - unlike an RRSP - those contributions and any gains they generate are not taxed when they are withdrawn.

The Canada Revenue Agency (CRA) has released some tips for seniors to help avoid interruptions and help to ensure that you receive all of the benefits and credits to which you may be entitled.