Highlights of 2020
Each year, the CUA team strives to provide financially savvy information that can help our customers maintain or improve their financial health, including providing articles from our banking experts that can help you set or achieve your goals. As December is a time of reflection, we’re looking back at the 2020 articles that interested you the most:
1. Tax Tips for CERB Recipients
During 2020, many Canadians received the Canada Emergency Response Benefit (CERB), a taxable benefit of up to $500 per week for a temporary period. For CERB recipients, you will have to claim the payments as income on your 2020 tax return and pay any taxes on this income when you file the return in 2021.
Read Tax Tips for CERB Recipients »
2. Your Tax Refund: Five Ways to Spend Wisely
For those who have received or expect a tax refund each year, the first instinct may be to make a fun or spontaneous purchase. Instead, this is a great opportunity to consider an alternative approach that might have an even bigger payoff.
Read Your Tax Refund: Five Ways to Spend Wisely »
3. Budgeting for Real Life
Are you following a budget? Does it account for all your spending habits and unexpected expenses? By creating a budget that accurately reflects your life, you’re doing yourself a favour and setting your finances up for success.
Read Budgeting for Real Life »
Read the most popular articles of 2019 here »
