Financial services for different situations
As gratifying as self employment can be, seasoned freelancers know that there are times when the money can be tight. In spite of the freedom to do almost anything you want for a living, you might feel trapped or limited if an unexpected emergency disrupts your ability to earn. Current events, personal emergencies, and other forces beyond your control could throw a wrench in your income at any time. Luckily, there is financial assistance available for Alberta’s self employed residents.
Navigating local resources can be frustrating, and it’s not always clear what supports are available to self employed workers. Luckily, there are self employed benefits in Alberta and personal loans that can help you weather any storm. You can opt into federal self employed benefits, but there is also Alberta Works financial support as well as personal loan options.
The type of support you are eligible for will depend on your circumstances, what you need the money for, and how urgent your request is. Dire situations will help you qualify for emergency services, while others may require you to take a personal loan. Regardless of your circumstances, it is important to know what your options are so you’re prepared for whatever life throws your way.
If your situation is an emergency, you may qualify for emergency financial assistance. The eligibility criteria for Alberta Works financial support includes:
Families earning less than $75,000 per year can seek child care subsidies for children under the age of 12. If you are self employed, even if you work from home, you shouldn’t need to take time away from your work for child care. Eligible families can subsidize part of their daycare and out-of-school care costs.
Both college age and adult learners may be eligible for subsidies, scholarships, and bursaries for their education. In addition to loans for postsecondary education, Alberta also offers resources to adult learners looking to upgrade their education or improve their English skills. These services can help you get a new degree, localize a degree you received abroad, or help you learn all new skills!