What to expect for the 2021 tax season.
2020 was a year of uncertainty. Particularly looking at the financial side of things, shutdowns and illness has had a major impact on the livelihood of a lot of Canadians. Many lost their jobs, lost their business, and have felt the financial sting of the government all but shutting down the economy. With tax season […]
Taking the overwhelm out of debt
Debt is an issue that affects many of us. It has almost become a way of life for Canadians to have debt. In fact, according to the Fraser Institute, research shows that since 2007/08, combined federal and provincial net debt has doubled from $1.0 trillion to a projected $2.0 trillion in 2020/21. According to the […]
Why Now Is the Time to Care About Your Financial Wellbeing
If you’ve been looking for a sign to start cracking down on your finances, this is it. We all may have experienced the past year differently, but in one way or another, we have all felt the impact of shutdowns and or illness. Although we are not fully out of the water yet, this past […]
What Is Your Financial Health?
This is a term you’ve probably heard or seen before, but what exactly is financial health? Well, in a nutshell, it is the overall state or “health” of your finances. It’s an overview of what kind of financial shape you are in and what kind of financial security you have. But how exactly is it […]
Debt and Your Health – The Mental and Physical Effects of Debt
There is a common misconception that people who are in debt are reckless spenders who don’t have any self-control when it comes to their finances. But the truth might surprise you. Many, if not most, Canadians live with debt for various reasons – and it’s not just the ‘reckless spenders’. People start accumulating debt from […]
5 Simple Steps You Can Take To Get Out Of Debt
Talking about debt is never a fun conversation to have. It’s something many of us don’t enjoy facing. But, the more you ignore your debt, the bigger the problem will get. Debt doesn’t need to be a normal way of life, but for many Canadians, it is. According to Equifax Canada, the average Canadian debt […]
How to Open the Conversation About Your Debt
Debt can be very difficult to talk about – particularly with the people who are closest to you. Money and financial stress have the greatest impact on Canadians, more than any other type of stress. Roughly 48% of Canadians say that they have lost sleep due to financial worries – this includes dealing with high […]
Solving Your Debt Challenges
Canadians nationwide are feeling the looming effects of financial insecurity. Consumer insolvencies have been on the rise over the last several years, and with the effects of the COVID-19 pandemic currently gripping the country, experts expect an absolute flood of bankruptcies by the end of 2020.
How to Ask Someone If They Are Struggling with Debt
Debt is not only a financial burden; it can be a deeply personal and painful affliction. Unfortunately, it is also a common occurrence in today’s world. As you interact with workmates, friends, and relatives, you may not know who is struggling with debt and who is not. Be assured, though, that at least some of […]
Debt Can Be a Burden on Your Health
Being in debt puts a strain on your wallet and finances but can also be detrimental to your overall health and well-being. If you have been in debt at some point in your life, it is easy to see how debt can be connected to your mental health, but there is also evidence that it […]
