Rent-to-Own is Investing in Real-Estate and The Home Buyer Too – Find Out What You Need to Know Before Renting to Own
Investing in real estate is not how it once was. Recent changes to CMHC lending guidelines have made it increasingly difficult for individuals and families to purchase homes. In the past year, Canadians have seen CMHC reduce maximum mortgage amortizations from 35 years, to 30 years, and most recently down to 25 years. They have […]
Credit Card Payment Calculator – How Long Will it Really Take to Pay off Your Credit Cards
You likely stumbled upon this article looking for an online credit card payment calculator or for information about using a credit card payment calculator because you are looking to calculate ways to pay off your credit card debt. There are many different debt and credit card payment calculators out there but seeking one out at […]
Is a Consumer Proposal a Debt Consolidation Loan?
When looking for a solution to a financial problem or accumulated debt, you will find that there are many services available that offer different things. Banks and finance companies traditionally offer debt consolidation loans, while trustees in bankruptcy deal with debt through bankruptcies and consumer proposals. Debt consolidations involve consolidating debt into a single payment […]
Consumer Proposal VS. Bankruptcy – How Are They Different
If you have been facing financial challenges you may have been exploring financial options to deal with debt. Two of these options include a consumer proposal and bankruptcy. We are often asked the differences between filing a consumer proposal vs. bankruptcy in Canada, which prompted us to write this article. Before discussing the differences between filing […]
How to Deal With a Frozen Bank Account as a Result of a Canada Revenue Agency Tax Debt
When an individual or business has a tax debt owing to the Canada Revenue Agency, the Canada Revenue Agency will begin to pursue enforcement action to collect the debt. One method that the Canada Revenue Agency uses to collect debt is by freezing a bank account. A frozen bank account can be extremely disruptive and […]
Garnishment of Wages Blog Series Part 3 of 3 – Garnishment of Wages by the Canada Revenue Agency and Your Options
One of the scariest and most serious garnishments of wages that exists is a garnishment of wages issued by the Canada Revenue Agency. When a tax debt is owed, the Canada Revenue Agency has a vast arsenal of tools at their disposal that they can deploy to collect money from you. A wage garnishment is […]
Garnishment of Wages Blog Series Part 2 of 3 – How to Stop a Wage Garnishment
In our last blog in this series we answered the question “what is a wage garnishment”. If you have been threatened with a garnishment of wages then you need to know that your employer is about to be notified about your defaulted debt. If your wages are already being garnished then your employer has already […]
Garnishment of Wages Blog Series Part 1 of 3 – What is a Wage Garnishment?
A garnishment of wages is one of the most common and effective enforcement methods used to collect money through the Small Claims Court by the Canada Revenue Agency, O.S.A.P, and Family Responsibility. A garnishment of wages occurs when you have defaulted on a debt and the party you owe money to serves your employer with […]
Debt Relief in Canada Blog Series Part 4 – The Reality of Making a Debt Settlement
You may have heard about debt relief in Canada being offered by debt reduction companies or some of the government reports warning consumers about the risks associated with debt reduction companies. The debt reduction companies that the government has been speaking out against are those who offer debt relief in Canada without a bankruptcy or […]
Debt Relief in Canada Blog Series Part 3 – Are There Consequences to Filing for Bankruptcy?
There are many options for debt relief in Canada, and one of the most common is bankruptcy. If you have financial problems, bankruptcy may seem like a scary option because of the consequences that many people associate with filing for bankruptcy. Hopefully this article will help you to understand bankruptcy better and determine if in […]