The federal government has enacted measures valued at more than $250 billion to mitigate the financial impacts of Covid-19. The highlights in this article Government help during Covid-19 cover employment benefits, business loans and wage subsidies, retirement accounts and individual tax benefits.
Information from Canada Revenue Agency regarding Benefits, credits and support payments
Whether this is your first financial crisis or not, things will get better. – Information for Young Investors
WEBCAST SERIES from iA
iA will be doing a series of weekly “Invested In You” webcasts with information about various topics relating to the impacts of Covid-19 that may be of interest to you. They are available for viewing any time.
Our Continuity Plan Updates
March 24, 2020:
CrossPoint Financials’ Business Continuity Plan – COVID-19
Following the announcement from Premier Doug Ford ordering the closure of all non-essential workplaces in Ontario, we have decided to close our physical office effective 4 PM March 24th. The office will remain closed until the government order has been lifted.
During the closure of our office, we would like to remind you that all staff will be continuing to work remotely. Our team conducts daily conference calls and Investment Committee meetings are being held via webcam. We will continue to communicate with our clients via phone and webcam meetings.
For those clients wishing to drop off documents, we ask that these be held until after the closure. We will notify our clients once our office is open and documents can be dropped off.
Converge Financial, our accounting partner, will keep its location on 2283 St. Laurent Blvd, Unit #302 open for document drop offs and will also be accepting scanned copies of your tax documents. Contact Converge Financial at (613) 828-6955 for further instructions.
As a reminder, Canada Revenue Agency (CRA) has extended the filing date for Personal Income Tax returns to June 1st, 2020 and payment date for any owed amounts to August 31st, 2020.
Let us take this opportunity to again reassure you that the best approach to navigating significant market corrections is to remain patient and focused on your long-term objectives. It’s never easy, but it is the surest course to future success.
To all who are working in the medical field or front lines during this crisis – thank you!
As always, please feel free to get in touch if you have any questions or concerns.
Your CrossPoint Financial Team
CrossPoint Financial’s Business Continuity Plan – COVID-19
In our efforts to protect the health and safety of our employees, clients, and partners we will be enacting our Continuity Plan effective Monday, March 16th to Sunday, April 5th. During this time, all essential services and functions will be supported by a mix of staff working remotely and from our office.
These actions are being taken to ensure we can continue actively managing your portfolios and be available to any incoming inquiries in a timely manner. This protocol is being proactively enacted as part of a thoroughly constructed contingency plan designed in conjunction with our IT department to ensure data security and protection of information.
For those clients who need to drop off forms or tax documents, we will have staff onsite from Monday to Friday between the hours of 8 AM and 4 PM. Due to the dynamic nature of the ongoing situation, we ask that you call ahead before coming to our office. Updates will also be posted on our website.
For clients who have meetings scheduled in our office during this time frame, our staff will be reaching out to coordinate online meetings where possible.
During this time, we will be continuing business as usual. All staff will be available to answer any questions you have.
As always, we thank you for your continued trust and confidence.
Your CrossPoint Financial Team