HELP IS AVAILABLE

We understand that your number one priority is to keep you and your family safe. The current health crisis presents a range of challenges that may leave your family vulnerable. If debt is adding to your financial worries during this difficult time, we can help.

While all BDO Debt Solutions offices are temporarily closed, we remain open. Our teams are conducting consultations and sign-ups by phone or videoconferencing on whichever platform you’re most comfortable with, including FaceTime, WhatsApp, Zoom and more.

Financial Wellness: COVID-19 Edition (Accessing Credit)

Financial Wellness: COVID-19 Edition (I Can’t Pay My Bills)

Financial Wellness:COVID-19 Edition(Emergency Savings)

BLOG

April 9, 2020

BLOG: COVID-19 Relief: How To Deal With Affordability and Debt Challenges

As we head into the second month of the COVID-19 pandemic, the ongoing health crisis has increasingly become a financial crisis for many households. Now is an important time; Canadians who are struggling with affordability and debt need relief. Here are some resources and debt solutions that can help.

READ MORE

BLOG

March 30, 2020

How to Manage The Financial Crisis During COVID-19

As the COVID-19 situation escalates and our opportunity to flatten the curve is now, we have made the decision to temporarily close all BDO Canada offices, effective Wednesday, March 18. All BDO partners and employees will work from home for the foreseeable future. Let us emphasize that we are still open for business and are here to help. Our BDO teams will conduct consultations and sign-ups by phone or online meetings.

READ MORE

STAYING INFORMED DURING COVID-19

The financial concerns Canadians are facing are varied and evolving; so are the resources available to them. We have compiled a list of links to help you stay informed during the financial crisis of COVID-19.

SUPPORT FROM THE FEDERAL GOVERNMENT

Canada’s COVID-19 Economic Response Plan to help individuals who have been affected by the COVID-19 crisis includes:

  • Employment Insurance (EI) Sickness Benefits – one week waiting period to receive benefits has been waived.
  • Canada Emergency Response Benefit:
    • Financial assistance for up to four months for eligible workers who have lost income because of COVID-19.
    • An increase to the monthly Canada Child Benefit in 2020.
    • One-time special payment through the Goods and Services Tax credit for low- and modest-income families.
    • Extension of the filing due date to June 1, 2020 for 2019 individual tax returns. Extension of the due date for income tax balances or instalment payments to August 31, 2020, with no additional interest or penalties.
    • Increase to the Canada Child Benefit (CCB) by an extra $300 per child for 2019-2020. Benefit will be included as part of the scheduled CCB payment in May 2020.
    • One-time Goods and Services Tax credit for low- and modest-income families.
  • Canada Student Loan repayment deferral until September 2020. Check with your provincial or territorial loan provider to find out if repayment assistance is available for the provincial or territorial portion of your loan.

SUPPORT FROM FINANCIAL INSTITUTIONS AND OTHER ORGANIZATIONS

  • Mortgage payment deferral and credit card relief from Canada’s six largest banks. Contact your financial institution to learn more.
  • Many utility companies are offering flexible payment options for their customers. Contact your local provider.
  • Telecommunication companies, including Rogers, TELUS, and Bell are offering payment flexibility to their customers who have been affected by the COVID-19 crisis.
  • CMHA

HOW TO REACH US


We are committed to our clients during the COVID-19 pandemic and are here to help.

In these unprecedented times, nothing is more important than ensuring the health and safety of our people, clients and communities. As the COVID-19 situation continues to evolve, our offices are closed, but we remain open.  All BDO employees will work from home for the foreseeable future.

Our BDO teams will conduct consultations and sign-ups by phone or videoconferencing or on whichever platform you’re most comfortable with (FaceTime, WhatsApp, Zoom, etc.).

For documents such as income and expense reports, tax information and other correspondence that must to be sent by email or fax, we offer free scanning apps (i.e. Adobe Scan). We are also accepting pre-authorized debit (PAD) to make payments.

Call us at 1-855-BDO-DEBT and let us know how best we can serve you.

BDO DEBT SOLUTIONS TWITTER

BDO DEBT SOLUTIONS FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

This message is only visible to admins:
Problem displaying Facebook posts. Backup cache in use.

Error: The user must be an administrator, editor, or moderator of the page in order to impersonate it. If the page business requires Two Factor Authentication, the user also needs to enable Two Factor Authentication.
Type: OAuthException

Fact Friday: Many are unaware of the downside to payday loans. It is an expensive way to borrow money due to high fees that can be equivalent to an interest rate of 500-600%. ... See MoreSee Less

One of the major causes of financial stress is unforeseen circumstances. During these difficult times, it’s important to face the reality of the situation and adjust accordingly. Don’t be afraid to ask for help if you’re feeling overwhelmed.

One of the major causes of financial stress is unforeseen circumstances. During these difficult times, it’s important to face the reality of the situation and adjust accordingly. Don’t be afraid to ask for help if you’re feeling overwhelmed. ... See MoreSee Less

Fact Friday: Statistics Canada found that youth were more likely to think their jobs are at risk due to COVID-19 than the older population. ... See MoreSee Less