Should you refinance your mortgage to pay off other debt?
When it comes to debt, we all want the easiest and fastest solution to pay it off. Despite what many other ‘debt insolvency’ companies will tell you, bankruptcy is often a high-risk way to consolidate your debt. There are many different options when resolving your debt, but choosing which option suits your needs best depends […]
What you should know about payment deferral programs & debt
The current worldwide challenge has had a variety of impacts on Canadians. From the emotional blow of being unable to leave our homes to the financial hardships thousands of Canadians have had to face over this past year. In light of many people losing their jobs or living on reduced incomes, deferral programs were made […]
How debt affects your credit score
There is a common misconception that people with high credit scores have the lowest amount of debt. For years we’ve been told that the almighty credit score is king. That it plays an extremely important role in your finances. Some of us even have the mentality that a good credit rating is what gives us […]
Frequently Asked Questions About Owing Money To The CRA
The CRA, or Canadian Revenue Agency, is a revenue service of the Government of Canada. They collect taxes and administer tax laws and policies. As working Canadians, many of us know what the CRA is. For some, it’s a yearly reminder to file our taxes. For others, the acronym is a big, scary taxman knocking […]
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 […]
Know All of The Options When Looking to Solve Debt
Struggling with debt is not uncommon, in fact it is all too common in our society these days. The struggle with debt can adversely affect every area of one’s life. It’s not worth it!When looking to resolve debt and get your finances back on track, it’s vitally important to understand all of your options, and […]
