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,…
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…
If you’re a renter or planning to rent, you’ll probably know how high rents are. The average rent in Canada was $2,005 per month in January 2023. Of course, where you live is a big factor in determining how much…
If you are overwhelmed with credit card debt, you may have considered a home equity line of credit (HELOC). Financial experts view home equity as an untapped resource. As a homeowner, when you have more bills than you can handle,…
The Bankruptcy and Insolvency Act of Canada (BIA) is a nationwide statute. The BIA regulates bankruptcy and insolvency across Canada. It defines the legal bankruptcy process, among other things, to protect both individuals and their creditors. The BIA regulates: Bankruptcy…
According to Statistics Canada, the average net savings for Canadian households was $852 in 2018. For the lowest income earners, consumption still exceeds income. Unsurprisingly, debt and empty savings accounts are the norms for many Canadians. Now is as good…
It's hard to think of the future when you're trying to make ends meet. But that makes it more important than ever to have a conversation about the Canada Emergency Response Benefit (CERB) and taxes, because CERB will show up…
At the start of 2019, many Canadians were living paycheque to paycheque. In fact, nearly half of us would have been unable to pay off a $200 or less emergency bill. Mid-way through 2020, we find ourselves facing a pandemic…
As Canada becomes an increasingly cashless society, the Bank of Canada assured Canadians that banknotes will be available to those who still want to use them. We have become the biggest germaphobes, however. And with good reason. Turns out that…
Personal bankruptcy is a legal process that will get rid of your debts. However, there are a handful of things, like child support and recent student loans, that do not go away. When you file personal bankruptcy in Ontario,…
