Blog Archives

Happy Canada Day from DebtCare Canada

Happy Canada Day from the DebtCare Canada team! We hope that you celebrate Canada’s 153rd birthday safely and wish you the best.

Posted July 1, 2020 | by admin |in Blog, Canada Day

Find Out How Much House You Can Afford! [Online Mortgage Calculator]

Find out exactly how much house you can afford! We’re excited to offer a new online tool that can help you make your homebuying dreams a reality. The new mortgage calculator lets you quickly assess your financial standing to see exactly what...

Posted June 24, 2020 | by admin |in Blog, Financial Options, Financial Planning, Mortgage Calculator

Pros and Cons of Refinancing Your Mortgage to Get Out of Debt

Mortgage refinancing is a popular way to get out of debt, but is it the right option for you? During the ongoing COVID-19 pandemic, you may be looking for ways to reduce your debt load. If you own a home, you can use available equity to pay...

Posted June 17, 2020 | by admin |in Blog, Debt Help, Debt Management, DebtCare, DebtCare Canada, Get Out of Debt, Mortgage Financing, Mortgage Refinance, Mortgage Refinancing, Refinance My Mortgage

Two New Tools to Take Control of Your Finances

Mortgage Affordability Calculator and Debt Repayment Calculator Exciting announcement — we have two great new tools that can help you take control of both your debt payments and your homeownership dreams. Here’s what’s new: Tool #1: Mortgage...

Posted June 10, 2020 | by admin |in Blog, Debt Calculator, Mortgage Calculator

Where To Get Online Debt Help — Payday Lenders Are NOT The Answer!

During the COVID-19 pandemic, many Canadians have lost their jobs or are receiving reduced income. But while incomes have declined, debt payments haven’t necessarily done the same. Some lenders offered loan deferrals, but it’s important to...

Posted June 3, 2020 | by admin |in Blog, COVID-19, Deal with Debt, Deal with your Debt, Dealing With Debt, Debt Companies, Debt Help, Debt Management, Have Financial Problems

How to Cope Financially If EI Assistance is Not Enough

Since the COVID-19 pandemic hit, many Canadians have been out of work. Statistics Canada found that one-in-five Canadian businesses have laid off more than 80% of their staff. As the unemployment numbers rise, Canadians have turned to federal...

Posted May 27, 2020 | by admin |in Blog, Financial Challenges, Financial Help, Financial Options, Financial Planning, Financial Problems

Canadian Income Tax Filing Deadline Coming Up: What To Do If You Can’t Pay

The new Canadian income tax filing deadline is coming up soon — on June 1, 2020. Is your return ready to file? Due to COVID-19, the income tax filing deadline was moved from the usual April 30 to June 1. If you owe, the deadline to pay has...

Posted May 20, 2020 | by admin |in Blog, COVID-19, CRA Tax Deadline, DebtCare, DebtCare Canada, Financial Challenges, Financial Help, Have a Tax Problem, If you have a Tax Problem, Income Tax Deadline, Income Tax Debt

Bankruptcy and Consumer Proposal Filings Decreased in March 2020… Or Did They?

Canadian insolvency statistics — the number of people who file for bankruptcy or for consumer proposal in a month or year — give us a good insight into the state of consumer and business debt in our country. The March 2020 insolvency numbers...

Posted May 13, 2020 | by admin |in Bankruptcy, Blog, Consumer Proposal, Consumer Proposal in Canada, Consumer Proposal in Ontario, COVID-19

Debts Deferred or Suspended? Read This…

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...

Posted May 6, 2020 | by admin |in Blog, COVID-19, Getting Out Of Debt, Mortgage Deferral, Mortgage Rules

New 2020 Income Tax Deadline: What This Means for You

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...

Posted April 22, 2020 | by admin |in Blog, COVID-19, Tax Deadline

Bank of Canada Interest Rate Decreases and Coronavirus in Canada

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...

Posted April 15, 2020 | by admin |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates, COVID-19

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

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...

Posted April 8, 2020 | by admin |in Blog, Canadian Economy, Canadian Household Debt

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