Blog - Page 6 of 50 - debtcare.ca

Debts Deferred or Suspended? Read This…

mgoldenberg@debtcare.ca May 6, 2020 No Comments

With the COVID-19 pandemic ongoing, many debts have been deferred or suspended. For instance, Canada’s big banks have been offering mortgage deferrals on a case-by-case basis. The Government of Canada has temporarily suspended federal student loan payments. Some credit card providers have offered deferrals on payments. Some car loan lenders and utility providers have also offered deferrals. But here’s the thing — deferral doesn’t necessarily mean erased. The payments will

New 2020 Income Tax Deadline: What This Means for You

mgoldenberg@debtcare.ca April 22, 2020 No Comments

Normally, at this time of year, we would be reminding Canadians to have their income taxes filed by April 30. However, 2020 is a very different year — with a very different income tax deadline. Due to the novel coronavirus (COVID-19) pandemic, the Canadian government has extended the income tax deadline for the 2019/2020 year. Here’s what that means for you. New Income Tax Deadlines The new deadlines for 2020

Bank of Canada Interest Rate Decreases and Coronavirus in Canada

mgoldenberg@debtcare.ca April 15, 2020 No Comments

Over the past month, the Bank of Canada interest rate has dropped to the lowest it has been since July of 2017 — 0.25%. Is this a good thing? A negative? And what does it mean for your finances — especially during the novel coronavirus (COVID-19) pandemic? We’re answering all these questions and more. Canadian Interest Rate Decrease: March 2020 to April 2020 From March 4, 2020 to April 15,

What To Do If You Can’t Pay Your Rent or Mortgage

mgoldenberg@debtcare.ca April 8, 2020 No Comments

With the development of the novel coronavirus (COVID-19) pandemic, many Canadians are struggling to pay their bills — including rent or mortgage payments. An Angus-Reid survey showed that 1 in 3 Canadians worry they’ll miss a rent or mortgage payment due to COVID-19. A survey from the Canadian Federation of Small Businesses found that 23% of 9,000 respondents couldn’t pay their rent or mortgage on April 1. While some banks

Get Debt Help Without Leaving the House – Here’s How

mgoldenberg@debtcare.ca April 2, 2020 No Comments

In the past, before the novel coronavirus (COVID-19) people might have gone to see a financial consultant in person for debt help or otherwise, but with social distancing in effect, that is not advised right now unless absolutely essential. However, debt help is more necessary than ever right now. The impact of COVID-19 has left many Canadians out of work and struggling to pay bills. A report from the Canadian

COVID-19 Income and Debt Help for Canadians

mgoldenberg@debtcare.ca March 19, 2020 No Comments

The past two weeks have been a non-stop train of breaking news as Canada copes with the novel coronavirus, COVID-19. This public health pandemic is affecting many across the country — both medically and financially. In order to “flatten the curve” and reduce the risk of infection, many businesses and public services have been suspended, including in some provinces: Public and private school closures. Daycare closures. Eat-in restaurant closures (take-out

A Message from DebtCare Canada About COVID-19

mgoldenberg@debtcare.ca March 16, 2020 No Comments

March 16, 2020 As the novel coronavirus (COVID-19) pandemic continues to evolve, we know this is a stressful time for many, especially if your business, income, or family is affected by the pandemic. As such, we wanted to reach out to our customers about how DebtCare Canada is responding to the situation and to share available resources. At DebtCare, we are following all public health guidelines and policies. As always,

Consumer Proposal vs. Bankruptcy – We Break It Down

mgoldenberg@debtcare.ca March 4, 2020 No Comments

Consumer proposal vs. bankruptcy – what is the difference, and which one is the best choice for you? If you want to find out the answer, read on! For Canadians struggling with debt, both filing for a consumer proposal and filing for bankruptcy can be a way out. But how can you tell which one is right for your situation? We’re breaking it down. We’ll look at: What is a

2019 Tax Deadline Around the Corner – Let’s Review Current Penalties and Interest

mgoldenberg@debtcare.ca February 19, 2020 No Comments

The Canada Revenue Agency (CRA) tax deadline for the 2019 tax year is coming up quickly. Are you prepared? The deadline to file your 2019 income tax is April 30, 2020. For self-employed tax filers, the deadline is June 15, 2020, however, it’s better to file by April 30 as you will be charged interest from May 1 to June 15. It’s critical to meet the CRA filing deadline to

Rebuild Your Credit in 2020 Using These Simple Steps

mgoldenberg@debtcare.ca February 5, 2020 No Comments

Happy 2020! We’re just over a month into the new year. How are your resolutions going? If you’re anything like the majority of Canadians, they might have fallen by the wayside… A 2018 survey from Strava found that most New Year’s resolutions only last until the second Friday in January… In 2020, that was January 10. If your goals have been put on the backburner, please don’t beat yourself up.

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