Explanations are provided regarding the differences between a Licensed Insolvency Trustee, a Bankruptcy Trustee, and a Financial Advisor in Ontario. Additionally, the fiduciary duty of an LIT and Financial Advisor is described.
Here's how the OAS clawback works in 2026, and what you can do to minimize it. Are you counting on your full Old Age Security (OAS) pension to help cover your costs in retirement? You've worked hard and paid into…
What Ontario Professionals Need to Know Before Filing A bankruptcy or consumer proposal in Ontario does not automatically cancel most professional licences. But nearly every regulator requires disclosure, and some have mandatory timelines measured in days, not weeks. Real estate…
Debt management is hard work even in calm conditions. But add in a high cost of living, shaky job insecurity, and housing prices, and that task gets even taller. It seems like whoever you ask, many households in London, Windsor,…
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 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…
Most of us at sometime in our life have experienced setbacks that put us in a financially difficult situation. Whether it’s a loss of our job, injury, illness, or a divorce - it may seem impossible to cover our bills.…
If you’re trying to stay on budget and repay your debt but you just can’t seem to get ahead, you might consider hiring a financial advisor to help to get your financial life in order. While it’s a great idea…
