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Covid19 Fallout Observations
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<blockquote data-quote="YFCvii" data-source="post: 208503" data-attributes="member: 3252"><p>Today's post for awareness ...</p><p></p><p>If you are, or know anyone on CERB, this is a heads-up that not only will the Benefit end in June</p><p>but may also be your worst nightmare for the 2020 tax return if one is not wise to prepare NOW.</p><p>Yes I also believe in the 30% rule ... this should mean there will be savings left over after tax time.</p><p>... it takes tremendous discipline to not spend the entire CERB too. So if someone has not been</p><p>putting away the portion that you might be owing after tax, put your entire last June payment away.</p><p>This means ... you have no income right now ... the only way out for you is to start looking for a job right away.</p><p></p><p>Nothing funny nor for blow-horn soap-boxing that ...</p><p>This is why the slow business restarts are vital right now as they can access CEWS to rehire (not retire) you.</p><p></p><p>Cheers y'all</p><p></p><p>[ATTACH=full]40617[/ATTACH]</p></blockquote><p></p>
[QUOTE="YFCvii, post: 208503, member: 3252"] Today's post for awareness ... If you are, or know anyone on CERB, this is a heads-up that not only will the Benefit end in June but may also be your worst nightmare for the 2020 tax return if one is not wise to prepare NOW. Yes I also believe in the 30% rule ... this should mean there will be savings left over after tax time. ... it takes tremendous discipline to not spend the entire CERB too. So if someone has not been putting away the portion that you might be owing after tax, put your entire last June payment away. This means ... you have no income right now ... the only way out for you is to start looking for a job right away. Nothing funny nor for blow-horn soap-boxing that ... This is why the slow business restarts are vital right now as they can access CEWS to rehire (not retire) you. Cheers y'all [ATTACH type="full" alt="crataxcreb.jpg"]40617[/ATTACH] [/QUOTE]
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