How to financially navigate a crisis

Canadians across the country are facing a difficult and unforeseen financial hurdles that have many worried. In fact, research by the Financial Consumer Agency of Canada back in 2018 stated that 48 per cent of Canadians said they had lost sleep because of financial worries — something that has only been exacerbated with layoffs, social-distancing and illness within the last few months.

As the world collectively frets about finances, three of the University of Waterloo’s experts in accounting and finance weigh in on what individuals can do with their personal finances, taxes and pensions to help them breathe easier and better navigate this crisis.