What Will You Do With Your Income Tax Refund?
Spring is a fantastic time of year! The weather gets warmer, summer is on its way, and you get your income tax refund. So, what will you do with your tax refund? Well, you have lots of options. You can…
Senior Citizens Debt Crisis in Canada: A Growing Concern
As Canada's population ages, the country is facing a looming financial crisis that doesn't garner as much attention as it deserves - the senior citizens debt crisis. Despite the common belief that seniors are financially secure, a significant portion of…
Homeowners Facing Increased Mortgage Payments and High-Interest Rates | Mortgage Renewal Options
Thousands of mortgages come up for renewal every year in Canada. By March 2025, 31% of Canadian homeowner's mortgages will be up for renewal. Mortgage rates have risen rapidly since March 2022 and as a result, many mortgage holders will…
Canadian Business Bankruptcy Filings Reach a 10-Year High
Business Bankruptcy in Canada is primarily governed by the Bankruptcy and Insolvency Act (BIA), a federal statute that provides the legal framework for Bankruptcies and insolvencies in the country. The BIA outlines various options for businesses facing financial distress, with…
Financial Literacy for Small Business
Business financial literacy isn’t just a buzzword; it's the foundation for the success of any business. While entrepreneurs may have brilliant ideas, unwavering determination, and a passion for their businesses, these qualities alone aren't enough to guarantee success. Without a…
How Consumer Proposals Work and What Our Clients Say About the Process
As Canadians finances are continuously under pressure, more are choosing to file a Consumer Proposal as a way to get relief from your unmanageable debt. This debt relief option is now considered the number one alternative to Bankruptcy. Government approved,…
Financial Personality Types – Habits of the Rich vs the Poor
Do you handle money differently than your family and friends? Are you ever surprised by their financial decisions or envious of what they’ve achieved with their money? If you are, your financial personality might differ from those in your family…
Employment Insurance In Canada And Bankruptcy
Are you afraid you might lose your job? The thought of being unemployed is scary at the best of times. The fear becomes even worse when economic conditions are uncertain as they are now. You may have enough savings to…
The Canada Pension Plan And Bankruptcy
No one wants to retire in debt. But if you are one of the growing number of seniors facing this scenario - know you are not alone. If your only source of income is the government funds provided through Canada's…
What is the Difference Between a Bankruptcy Lawyer and Licensed Insolvency Trustee?
Financial problems can feel overwhelming and confusing. If you’re contemplating Bankruptcy, you might not know where to turn or who to call for help. Should you speak to a Bankruptcy lawyer, a Bankruptcy Trustee, or a Licensed Insolvency Trustee? What’s…