3 ways to make the most of your pandemic savings

Author: External Author | | Categories: Cash Flow Management , Chartered Professional Accountant , Cloud-Based Accounting , Financial Controller , Financial Statement Preparation , Full Cycle Bookkeeping , Tax Planning Services

Blog by Priti Lad Professional Corporation

Some Canadians have been fortunate to work in fields unaffected by lockdowns, while also amassing savings. Find out how experts recommend you put your financial windfall to work. During the past year, we have travelled less, commuted less and spent less on entertainment. According to Statistics Canada, Canadian households saved 12.7 per cent of their net income in the fourth quarter in 2020, up from just two per cent at the end of 2019. 

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Original Article Source Credits: CPA, https://www.cpacanada.ca

Article Written By: MICHELLE SINGERMAN

Original Article Posted on: 3.18.2021

Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-03-18-pandemic-savings



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