Hard Times

No one can predict the future. As a young person you may have had dreams of grandeur, or at least of making a comfortable living, but now you've discovered that the profession you trained for isn't as lucrative as you'd hoped. Or perhaps you were successful, but something's happened and you've found yourself, and your family, in financial trouble.

Government Assistance

There are many federal and provincial/territorial programs designed to help low-income families.

One of the most devastating blows to a family's income can be the loss of a job. The Employment Insurance Act is set up to help people in the Canadian work force in the event they lose their jobs. Whether you are laid off due to downsizing or need to take time off work for maternity leave or illness, Employment Insurance is there to aid you.

Another important program is the National Child Benefit. This program is in place to provide financial assistance to parents who need it. This benefit is in addition to the Child Tax Credit, and will help ensure that your children get a healthy start in life. It can also help you get back on your feet.

Many people are badly affected by retirement. The sudden loss of income can be a blow if you aren't prepared. Canada has an important system in place to help: the Old Age Security program. Through Old Age Security Pensions, Guaranteed Income Supplements and Allowances, this program can really help you out.

To find out if you're eligible for one or more of these programs, contact Service Canada.

Talk to Valley Credit Union

We're here to help as well. Maybe you just need a small loan to get your business prospering again. If you have a mortgage, we can help you refinance to free up some temporary funds. Valley Credit Union knows that even small investments in RESPs can make the difference in your children's lives. Let us help you assess your current financial needs and help you get back on track.