2019 Tax Deadline Around the Corner – Let’s Review Current Penalties and Interest
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 […]
Rebuild Your Credit in 2020 Using These Simple Steps
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 […]
CRA Auditing PayPal Business Recipients — What to Do If They Have Come After You
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 […]
Bankruptcy and Consumer Proposals Rise as Consumer Debt Reaches Record Limits
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 […]
2020 Plan to Fix Your Credit and Finances
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 […]
Stick Handling Your Way Out of a Personal Finance Crisis [Mortgagenomics Canada Podcast Episode]
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 […]
Happy Holidays from DebtCare Canada!
Happy Holidays from the DebtCare Canada team! We wish you a wonderful season spent with family and loved ones, and a debt-free 2020!
Wage Garnishment 101 – Know Your Rights and Options
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 […]
Holiday Financial Planning… Steps to Start 2020 on a Strong Financial Footing
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 — […]
Requirement to Pay Truly is a Requirement to Pay – So You Got One, Now What?
A Canada Revenue Agency (CRA) requirement to pay is a serious matter and should never be ignored. If you have received a requirement to pay, it means the CRA is about to take collection action. They are telling you that you are required to pay them. If you don’t, CRA collections could follow, including: A […]