Spectrumly Speaking
May 2020    

We hope you and your family are continuing to manage effectively through these uncertain times and we want to applaud you all for your efforts and contributions to flattening the curve and assisting those in need. 

Although we are not able to personally meet, it doesn't take away the importance and continued need for financial planning and our ability to guide you through this challenging time, while still planning for the future. Please reach out to us.  We can set up a phone or video meeting and help you and your family navigate through today, tomorrow and all of your days ahead.  

We look forward to when we can physically see you again!

Best wishes,                     
Karen, Richard, Janet and Sheila
If you are eligible for CERB, 
it is time to apply again.   
If you are eligible, you can receive $2,000 for a 4-week period (the same as $500 a week).
If your situation continues past 4 weeks, you will need to apply for the CERB again. You may re-apply for up to a total of 16 weeks.
 Will I have to the pay back the CERB benefit?

Just because you received the benefit, doesn't mean you actually qualify for it.  You may need to pay it back depending on your situation.

Cleaning & Hygiene Tips
From doing laundry to preparing everyday meals, here are some measures to help keep the COVID-19 virus out of your home.

Should I defer my mortgage payments?

A Mortgage Deferral Program is the first line of
defense for thousands of homeowners that need immediate relief. However, it may not be the best option for you since it increases your mortgage balance due to interest.

Consider some different options:
* using a Line of Credit to borrow what you need,
* make interest-only payments until the financial stress begins to ease,
* moving from accelerated to monthly payments,
* or extending your amortization.
Restarting the Economy; Threading a Needle or Jumping the Gun?

Governments around the world are starting to re-open their economies.  
AGF's, Kevin McCreadie discussing the market implications of the restart and what a second wave of the pandemic could mean for investors.

Monthly Features
Seminars, Market Watch, Office News & Tips
Market Watch
Market Watch   

For those with more of an interest in what has happened in the markets this past week, click here for an in-depth update from TD.
Website     Services     Team     Promise     Planning     Resources     Contact Us
Spectrum Financial Strategies
339 Huronia Road Barrie, ON L4N 8Z1

Like us on Facebook   Follow us on Twitter   View our profile on LinkedIn