Leamington
Can I Discharge Tax Debt By Going Bankrupt? An unexpected tax bill can arrive at any time, which means you could find yourself struggling to manage tax debt suddenly and without warning. If you’ve been registered with the wrong tax code or have made a mistake when filing your taxes, for example, reassessment could mean … Read more
Dealing with Business Debts When Self-Employed As the digital revolution continues to change the way we operate, an increasing number of people are choosing to work on a self-employed basis. With more than 2.9 million people registered as self-employed in Canada, at least 15% of the national workforce are running their own businesses or making … Read more
Preparing Your Finances For Maternity Leave Expecting a child can be an exciting time, but it’s also a situation that could leave your financial situation in ruins if you’re not careful. Having a child can incur a lot of expenses, but it also means you have less time to spend actually working. This eventually results … Read more
Dealing With Debt Collection Agencies Your first contact with a debt collection agency can be incredibly stressful. They’re masters of pressuring people to get what they want, and their relentless phone calls and home visits can be bothersome and stressful. Ignoring them can work for a couple of days, but their tactics can get increasingly … Read more
Is There Life After a Consumer Proposal? The end goal of entering into a consumer proposal contract is to pay off what you owe and earn your Certificate of Full Performance. This is a piece of documentation that will be authorised by your proposal trustee and will demonstrate that you have completed the full consumer … Read more
Wondering How Debt Settlements Work? You have come to the right place, if you are asking yourself the question: how does debt settlement work? In fact, below, you will find a rundown of what debt settlements entail, how the process works, and what you need to look out for. Need Help Reviewing Your Financial Situation? … Read more
Unfreeze Bank Accounts With a Consumer Proposal or Bankruptcy As the cost of living in Canada rises, our wages can often be slow to catch up with the rate of inflation. It can feel as though, no matter how hard we try to manage our finances, we’re taking one step forward and two steps back … Read more
When we were young, we subscribed to an assumed truth. That if we wanted to do well in life, we needed to get good grades in school, go to college and get a degree. We were told by teachers and parents alike that this was the key to landing a good job and starting on … Read more
What Options Do I Have to Consolidate My Debt? For many Canadians, debt has become an unavoidable part of day-to-day life. As the cost of living continues to rise, yet our wages don’t rise to meet it, we can find that we need to pile debts on top of debts just to keep our heads … Read more
Some would say, a little debt is an inevitable part of getting by in 21st century Canada. But unless we build good money habits like saving and budgeting, we can start to use debt as a crutch. In an age of low interest rates, we’ve become used to easy access to cheap credit. But the … Read more
Protecting Yourself From Your Creditors With a Proposal or Debt Management Plan Although we’d all like to lead a life that’s free of debt, for many of us it becomes unavoidable. Interest rates are low. Access to cheap credit is easy. As such, we can often lean on lines of credit to pay unforeseen expenses … Read more
Student Debt Forgiveness in Canada Despite years of struggling through their studies and coping with student loan repayments, many graduates will find it difficult to keep up with the debts that they’re accumulating. Even with a relatively stable job, there are plenty of ways to seek financial aid in order to help students pay off … Read more
Keeping Your Car in Bankruptcy Claiming bankruptcy is arguably one of the best ways to get a completely fresh financial start. It’s often seen as one of the best ways to “reset” your financial situation if you only have a few assets and mounting unsecured debts. At Bankruptcy Canada, we consider bankruptcy to be one … Read more
Dealing With the CRA Tax is a fundamental component in society, and it wouldn’t be possible for great nations to form in the modern world without this mechanism. People contribute a small amount of their own money to help fund their government, keep their roads maintained, and a huge range of other areas that wouldn’t … Read more
A Guide To Understanding Your Debt For some people, the idea of having any debt that isn’t absolutely necessary will seem like too much. Everyone has their own idea of what is sensible to borrow, and some people don’t have the same resources as everyone, making it hard to figure out what is acceptable when … Read more
Tax Refunds in Canadian Bankruptcies If you’ve recently filed for bankruptcy in Canada, you may be curious how this will be affecting your tax refunds. While the legal jargon can be difficult to sift through, the process is straightforward. What happens to my tax return when I file for bankruptcy? A common misunderstanding about tax … Read more
Mortgage Debt Where have some of your most meaningful memories been made? The likely answer is your home. While we often think of houses in terms of financial assets, a home serves a multitude of purposes, from being the refuge after a long hard week to the literal shelter for your family, to being a … Read more
It’s difficult to separate finances from relationships and when you get married, it’s likely that you and your spouse will share all of your finances. Money issues are one of the most common causes of relationship breakdowns as well, so it’s important that you understand how your partner’s finances affect you. One of the most … Read more
Consumer Proposals Are Voted on by Creditors A consumer proposal is a good alternative to bankruptcy that allows you to pay off a portion of your debt and have the rest written off. In order to do this, you must submit a proposed amount to your creditors, which must exceed the amount that they would … Read more
A consumer proposal is an effective debt relief option that allows you to avoid bankruptcy and pay off a portion of your debt over an extended period. However, it will have a negative impact on your credit rating, which can make things difficult in future. Many people that enter into an agreement of this kind … Read more
