1.2.4 Replacing lost income

If your work income stops—for example, if you lose your job or can't work for some other reason—you need other sources of income. Here are some suggestions.

Workplace and government plans






Plan ahead—before a crisis hits—so you can handle the unexpected. Experts recommend putting aside at least three months’ worth of household expenses for an emergency fund. Know where you can turn for assistance if your income drops.

For more information about replacing lost income, see the Ontario Securities Commission video "How to handle being laid off."

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