CERB

Child poverty is on the rise in Canada, putting over 1 million kids at risk of life-long negative effects

Retrieved on: 
Tuesday, January 30, 2024

At first glance, Canada ranks among the top third of countries for its work in addressing child poverty.

Key Points: 
  • At first glance, Canada ranks among the top third of countries for its work in addressing child poverty.
  • Based on current rates of and overall progress in reducing child poverty, the latest UNICEF report card ranks Canada 11th out of 39 of the world’s wealthiest countries.
  • Initially, it seems Canada is doing well; between 2012 and 2021, child poverty fell by 23 per cent.
  • Canada is presently experiencing rising inflation and interest rates, both driving the cost of living crisis and the increase in child poverty rates.

Building a solid foundation for the future

  • Child poverty is a pernicious childhood adversity that has detrimental long-term impacts on children’s health, development and well-being throughout life.
  • Children living in poverty have lower academic outcomes, including school readiness and academic achievement, than financially better-off children.
  • Poverty reduction has the potential to initiate a beneficial cascade that would improve the lives of children and youth.

Balancing today’s needs with tomorrow’s

  • In 2016, the Canada Child Benefit (CCB) was introduced as a monthly tax-free supplement for eligible families to support the cost of raising children.
  • The Canada Emergency Response Benefit (CERB) program provided additional temporary relief for eligible individuals during the COVID-19 pandemic.
  • Furthermore, the CERB, provided during the pandemic, has now been discontinued, increasing the hardship among Canadian families.

Long-term payoffs of addressing child poverty

  • Addressing child poverty has long-term payoffs.
  • This is why addressing child poverty needs to remain a priority for all Canadians.

Some are more at risk than others

  • In its report card, UNICEF identified single-parent families, families living in Indigenous communities, and families with racialized or disabled children as being at higher risk of poverty.
  • As we saw before the pandemic, it is possible to reduce child poverty in Canada.
  • Nicole Racine receives funding from the Canadian Institutes of Health Research, the Social Sciences and Humanities Research Council, the University of Ottawa, and holds a Chair in Child and Youth Mental Health at the Children's Hospital of Easter Ontario Research Institute.
  • Shainur Premji receives funding from the Canadian Institutes of Health Research, the Social Sciences and Humanities Research Council, and the National Institute for Health and Care Research.

NOTICE OF CERTIFICATION - Government of Canada Privacy Breach Class Action

Retrieved on: 
Friday, August 18, 2023

If you used a Government of Canada Online Account, such as CRA's My Account, a "My Services Canada" account, or various other online government accounts in the past, this Notice of Certification may affect your legal rights.

Key Points: 
  • If you used a Government of Canada Online Account, such as CRA's My Account, a "My Services Canada" account, or various other online government accounts in the past, this Notice of Certification may affect your legal rights.
  • You may receive more than one Notice of Certification due to potential unauthorized access to more than one of your Government of Canada online accounts.
  • Among other things, the Plaintiff alleges that the Government of Canada breached class members' privacy by not properly safeguarding confidential personal and financial information electronically housed within various online government portals.
  • "Government of Canada Online Account" means:
    a) Canada Revenue Agency account;
    b) My Service Canada account; or
    c) another Government of Canada online account, where that account is accessed using the Government of Canada Branded Credential Service (GCKey).

Maple Leaf Centre for Food Security Awards Four Scholarships

Retrieved on: 
Tuesday, June 20, 2023

MISSISSAUGA, ON, June 20, 2023 /PRNewswire/ - (TSX: MFI) Maple Leaf Foods and the Maple Leaf Centre for Food Security ("the Centre") today announced the four recipients of the 2023/24 Maple Leaf Board Scholarships in Food Insecurity.

Key Points: 
  • MISSISSAUGA, ON, June 20, 2023 /PRNewswire/ - (TSX: MFI) Maple Leaf Foods and the Maple Leaf Centre for Food Security ("the Centre") today announced the four recipients of the 2023/24 Maple Leaf Board Scholarships in Food Insecurity.
  • Each year, the Centre awards four scholarships to Masters or Doctoral students who are pursuing research that contributes to the body of knowledge on food insecurity in Canada.
  • "We are delighted by the quality of Jayda, Laura, Natalie and Shannon's research and look forward to learning and sharing the knowledge that results from their work," said Sarah Stern, Executive Director of the Maple Leaf Centre for Food Security.
  • For more information about the scholarship process, visit the Maple Leaf Centre for Food Security .

Half of All Insolvencies Filed By Millennials

Retrieved on: 
Monday, February 13, 2023

Millennials owed an average of $47,283 in unsecured debt in 2022:

Key Points: 
  • Millennials owed an average of $47,283 in unsecured debt in 2022:
    More than 1 in 3 (35%) Millennials carried student loan debt, owing on average $16,725.
  • More than half (55%) had at least one extremely high-cost loan, with an average balance of $11,940, up 17.4% from 2021.
  • 87% of Millennials owed credit card debt, and average credit card debt increased 1.5% from 2021 to $13,948.
  • In 2022, 53% of all insolvent debtors, not just Millennials, had at least one Rapid Loan, and usage is increasing.

November saw highest number of Canadian insolvencies since March 2020 

Retrieved on: 
Thursday, January 5, 2023

TORONTO, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Licensed Insolvency Trustees, Bromwich+Smith, today said November 2022 saw the highest number of Canadian insolvencies since March 2020 (the month of the widespread COVID-19 lockdowns, and the announcement of the initial CERB aid package). The numbers were just released by the Office of the Superintendent of Bankruptcy.

Key Points: 
  • The company just announced November 2022 saw the highest number of Canadian insolvencies since March 2020.
  • With 3,475 insolvency filings in the month, Ontario saw its highest volume of filings since March 2020.
  • With 1,402 insolvency filings in the month, Alberta saw its highest volume of filings since March 2020.
  • The month of March saw Saskatchewan’s highest level of insolvencies since pre-pandemic levels of February 2020 (313).

Statement by the Minister of National Revenue, the Honourable Diane Lebouthillier and Minister and of Employment, Workforce Development and Disability Inclusion, the Honourable Carla Qualtrough on the Auditor General of Canada (OAG)'s performance audit of

Retrieved on: 
Tuesday, December 6, 2022

This support allowed the economy to rebound and return to its pre-pandemic levels."

Key Points: 
  • This support allowed the economy to rebound and return to its pre-pandemic levels."
  • We could not agree more with the Auditor General in this regard.
  • These programs protected Canadian workers, businesses, and the economy, from the worst impacts of the pandemic.
  • Through this work, for example, CRA's audit results to date show that the vast majority of applicants met the requirements of the CEWS program.

Federal fall economic statement shows promise but stops short

Retrieved on: 
Friday, November 4, 2022

TORONTO, Nov. 3, 2022 /CNW/ - The federal fall economic statement, tabled today by Finance Minister Chrystia Freeland, shows promise but stops short of additional measures needed to ensure economic prosperity and stability for Canada's workers and their families.

Key Points: 
  • TORONTO, Nov. 3, 2022 /CNW/ - The federal fall economic statement, tabled today by Finance Minister Chrystia Freeland, shows promise but stops short of additional measures needed to ensure economic prosperity and stability for Canada's workers and their families.
  • "However, more must be done to further strengthen these labour protections and to introduce solutions to permanently fix Employment Insurance."
  • The federal government did promise that additional investments in Canada's advanced manufacturing industry are coming in the 2023 budget after stakeholder consultation.
  • The fall economic statement announced two new tax credits that include some conditions on labour protection.

Statement - Update on the Government of Canada issuing debt notification to ineligible Canada Emergency Response Benefit recipients

Retrieved on: 
Tuesday, May 10, 2022

As part of its response to the COVID-19 pandemic, the Government of Canada selected an attestation-based approach to provide this urgently-needed income support to Canadians in a timely fashion.

Key Points: 
  • As part of its response to the COVID-19 pandemic, the Government of Canada selected an attestation-based approach to provide this urgently-needed income support to Canadians in a timely fashion.
  • The Government has been clear throughout the pandemic that while there will not be any penalties, individuals will have to repay the emergency benefits for which they were not entitled.
  • The Government of Canada will also work with all impacted individuals to ensure any questions they may have are answered.
  • Individuals are encouraged to follow the directions they receive in any correspondence from the Government of Canada.

Insolvent Canadians Owe Highest Level of Unsecured Debt Since 2016

Retrieved on: 
Monday, February 14, 2022

KITCHENER,ON, Feb. 14, 2022 /CNW/ - The average insolvent debtor in 2021 owed $50,484 in unsecured debt, up 3.3% from 2020, the highest level we have seen since 2016, according to a study conducted by Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc. What drove the increase was higher outstanding tax obligations and student loan debt among insolvent debtors.

Key Points: 
  • KITCHENER,ON, Feb. 14, 2022 /CNW/ - The average insolvent debtor in 2021 owed $50,484 in unsecured debt, up 3.3% from 2020, the highest level we have seen since 2016, according to a study conducted by Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc. What drove the increase was higher outstanding tax obligations and student loan debt among insolvent debtors.
  • "Tax debts have returned as a primary debt driver of consumer insolvencies," says Doug Hoyes, Licensed Insolvency Trustee.
  • Average student loan debt among those filing with student loans was $17,005, up a staggering 11.5%, the highest level since we began our study in 2011.
  • Hoyes Michalos provides real debt management solutions to help Ontarians climb out of debt, including consumer proposals and personal bankruptcy, with offices throughout Ontario.

Government of Canada introduces legislation to support low-income seniors who received pandemic benefits

Retrieved on: 
Tuesday, February 8, 2022

The Canada Emergency Response Benefit (CERB) and the Canada Recovery Benefit (CRB) were intended to support people who lost their job through the outset of the pandemic.

Key Points: 
  • The Canada Emergency Response Benefit (CERB) and the Canada Recovery Benefit (CRB) were intended to support people who lost their job through the outset of the pandemic.
  • We will be fully compensating those seniors who are now facing financial hardship as a result of receiving pandemic benefits in 2020.
  • The Government of Canada continues to demonstrate its commitment to seniors who have more financial needs through real action."
  • Since 2015, the Government has provided supports to seniors, such as:
    Increasing the GIS for nearly 900,000 low-income single seniors.