Blog - Page 23 of 50 - debtcare.ca

Spotlight: Does a Consumer Proposal Ruin Your Credit?

mgoldenberg@debtcare.ca June 14, 2016 No Comments

Last week we went over some of the basics of a consumer proposal, and thought we’d follow up this week by clearing up a few other questions people have regarding consumer proposals. The spotlight this week: does a consumer proposal ruin your credit? Does a consumer proposal ruin your credit? This is one area where people get confused about consumer proposals. One common myth is that, if you file a

Can I File a Consumer Proposal and Keep My House?

mgoldenberg@debtcare.ca June 8, 2016 No Comments

You’ve likely heard the radio ads or seen the commercials on television citing the benefits of consumer proposals. If you’re an individual and your total debts do not exceed $250,000 (not including debts such as a mortgage secured by your principal residence), a consumer proposal might just be the best solution. Consumer proposals have been around for a long time, but it has been over the last decade or so

How to Stop a CRA Wage Garnishment

mgoldenberg@debtcare.ca May 25, 2016 No Comments

You may be surprised to learn how many people have their wages garnished by creditors on a regular basis. This is such a common collection enforcement method, especially when it comes to the Canada Revenue Agency (CRA). We get calls on a regular basis asking about the ways to stop a CRA wage garnishment. This week we thought we’d tackle the topic and give you some tips to help. A

Credit Report Spring Cleaning

mgoldenberg@debtcare.ca May 17, 2016 No Comments

Spring is here, and that means it is time to get down to the nitty-gritty and clean things up. Tackle those oft-neglected areas of your life – the closet under the stairs, the garage, the pantry, the bank account. Wait, the bank account? Yes, make a credit report spring cleaning part of the plan this year – your bank account will thank you! How do we spring clean the credit

Second Mortgage Financing for Dummies

mgoldenberg@debtcare.ca May 10, 2016 No Comments

Home renovations, a child’s education, debt consolidations – these are all common reasons why Canadians are taking advantage of second mortgage financing. If you own your own home, have significant equity and good credit – obtaining that financing is probably far easier than you may think. This week we cover some of the basics to help you. Second mortgage financing is a great option for people who need to finance

Missed the 2015 Tax Deadline – Here is what to expect next

mgoldenberg@debtcare.ca May 3, 2016 No Comments

April showers have brought May flowers…but if you missed the 2015 tax deadline this month may also bring with it a tax debt, accompanied by penalties and interest. When it comes to penalizing Canadians for late filing, the Canada Revenue Agency doesn’t fool around – and you shouldn’t either. In Canada, the 2015 tax deadline was April 30th, and if you, like many others, missed it, here is what you

The Low Interest Credit Hunt– Your House is Likely the Fastest Way There

mgoldenberg@debtcare.ca April 26, 2016 No Comments

2015 was not the year for many big businesses. Sinking prices for oil and other commodities took a big bite out of national income, business investment and domestic demand – and gross domestic product rose just 1.2 % in the year. Last year’s economic growth was pretty dismal – some even suggesting 2015 experienced a slight recession – and that usually doesn’t mean anything good. However, when it comes to

Missing the CRA Tax Deadline Will Cost You…

mgoldenberg@debtcare.ca April 19, 2016 No Comments

The 2015 CRA tax deadline is fast approaching – April 30th is less than 2 weeks away! That means that your income taxes need to be filed before this date or you’ll be facing penalties and interest if you owe a tax debt. If you have a balance owing for 2015, the CRA will charge compound daily interest starting May 1, 2016, on any unpaid amounts owing for 2015.If you

Frozen Bank Account Courtesy of the Tax Man?

mgoldenberg@debtcare.ca April 12, 2016 No Comments

Do you have a frozen bank account courtesy of the Tax Man? You’re not alone! Thousands of Canadians owe the tax man – this is a simple but often startling fact. Owing the Canada Revenue Agency (CRA) isn’t illegal, but that doesn’t mean the organization is lenient – far from it. If you owe, the CRA will do whatever it can to collect. This often involves freezing your bank account

CRA Collections Calling You at Work? How to Stop it Now!

mgoldenberg@debtcare.ca April 5, 2016 No Comments

Spring is fast approaching, and that means the snow may still be holding on but it is getting weaker and weaker. With winter on the way out, that means the tax season is just around the corner. However, if you are currently sitting on a tax debt, you may be months into your tax season, dealing with CRA collections on a regular basis. If you owe the Canada Revenue Agency,

Debtcare Blog

Debt Relief Program

Credit Repair Program

Access Financial Help

Free e-Book!