Pittaro Financial Services
4565 Coronation Montreal, QC, Canada

Here is an update for our clients by David Fingold, manager of the Dynamic Global Dividend Fund. https://players.brightcove.net//default_default/index.html

Canadians who have lost their ability to earn income due to the COVID-19 shutdown are eligible to receive $2000 a month from the Canada Emergency Response Benefit (CERB). Our partners at Fidelity Investments have put together a handy reference guide for out-of-work Canadians affected by the pandemic, which you can view at the link below. This is especially important for business owners with employees, as you effectively have access to an interest-free loan from the government.... To anyone withdrawing from a RRIF, the volatility in the market has also caused Canada Revenue Agency to change their 2020 rules in regards to RRIF and LIF minimum withdrawals for the year. Minimums are reduced by 25%, though this change does not come automatically and is not retroactively applied to anyone who has already withdrawn their minimum for the year. If you are currently drawing from a registered income plan and would like more information, please contact Pittaro Financial Services Inc.

Good day to everyone out there keeping safe during this difficult times. A couple of notes. Firstly, Pittaro Financial Services Inc. is still open during the COVID-19 pandemic. However we will not be meeting people face-to-face for the time being. Not to worry though, as we have many ways for our clients to remain in touch with us. Both John and David can still be reached at their respective business phone numbers and e-mails, and we are scheduling meetings and updates over ...the phone and over your preferred video conferencing application (Skype, Zoom, Messenger, etc.). Our partners at Investia have given us instructions and MFDA and AMF approved protocol for the secure sending of documents online as well as the ability for our clients to use e-signatures and scans of documents in order to keep business going as usual. In the meantime, it is highly recommended that you sign up for online access to your Investia Client Portal in order for us to be able to send you documents securely and for you to have easy access to your investment information. If you do not have access yet, please contact David at [email protected] or 514-898-2653 and he will assist in the signup process. In the coming days we will be following up with advice and links to government resources to assist those affected by the COVID-19 pandemic, so please continue monitoring both our Facebook page and our web site (www.pittarofinancial.ca) for updates. Thank you again for your continued trust and patronage, and let us all do our best to continue practicing good social distancing measures so that we can use the burden on our health care system.