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CRA Auditing PayPal Business Recipients — What to Do If They Have Come After You

mgoldenberg@debtcare.ca January 22, 2020 No Comments

Business owners, have you received income using PayPal? If so, the Canada Revenue Agency (CRA) may be contacting you for an audit. In November of 2017, PayPal was served with a Federal Court of Canada order to submit specific information to the CRA about PayPal Business account holders. PayPal had to give the CRA account details for businesses that sent or received payment via the service between January 1, 2014

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CRA Se Vuelven Más Agresivos En Su Manera de Cobrar.

mgoldenberg@debtcare.ca January 8, 2020 No Comments

La Agencia de Ingresos de Canadá (CRA) siempre ha tenido una reputación de comportamiento de cobranza estricto y agresivo. Cuando se debe dinero, los agentes harán todo lo posible por recuperarlo. Esto generalmente resulta en un estrés extremo sobre el contribuyente y la acción de cumplimiento que puede causar estragos en su estabilidad financiera. Lo que es peor, esas tácticas parecen ser cada vez más agresivas. Si tienes duedas de

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Bankruptcy and Consumer Proposals Rise as Consumer Debt Reaches Record Limits

mgoldenberg@debtcare.ca January 8, 2020 No Comments

Are you struggling with consumer debt? If so, you’re not alone. According to BNN Bloomberg, the average Canadian household owes $1.76 for $1 of annual disposable income. The same household devotes $0.15 of every disposable dollar to making principal and interest payments on debt, which is a record high. BNN Bloomberg also noted that when you add together consumer credit, mortgage, and non-mortgage debt, Canadians are carrying $2.28 trillion in

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2020 Plan to Fix Your Credit and Finances

mgoldenberg@debtcare.ca December 18, 2019 No Comments

The new year is around the corner. It’s the perfect time to make a plan to fix your credit, finances, and get out of debt for good! 2020 isn’t only a new year — it’s also a new decade. Start the next 10 years off on the right financial footing with these tips. Here’s how to fix your credit and finances: Start by assessing your current state To set the

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Stick Handling Your Way Out of a Personal Finance Crisis [Mortgagenomics Canada Podcast Episode]

mgoldenberg@debtcare.ca December 12, 2019 No Comments

What happens when you’re up to your neck with credit – or when your credit is maxed out? Michael Goldenberg, President of DebtCare Canada, participated in the Mortgagenomics Canada podcast, talking about solutions for dealing with debt.  In the episode, you’ll discover: What happens to your credit when you are behind in payments or your credit card is maxed out. What happens to your mortgage qualification status if you file

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Wage Garnishment 101 – Know Your Rights and Options

mgoldenberg@debtcare.ca December 4, 2019 No Comments

If you’ve received a wage garnishment, you might be feeling scared and confused. You need to know how to stop it — and fast. But that’s not always easy to do. There are different types of wage garnishments — and each one has different options to deal with it. To stay protected and even stop wage garnishments, you need to know your rights and options. What is a Wage Garnishment?

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Holiday Financial Planning… Steps to Start 2020 on a Strong Financial Footing

mgoldenberg@debtcare.ca November 20, 2019 No Comments

The holiday season is an expensive time for many! Between gifts, decorations, parties, and travel, the costs (and credit card charges) can quickly add up. To keep your budget and debt in check, holiday financial planning is a must. According to PwC Canada, the average Canadian consumer will spend $1,593 during the 2019 season — up 1.9% from 2018. That number increases with the type of shopping consumers choose to

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