If you’re interested in refinancing your mortgage, it’s better to act sooner rather than later. Why? Let’s break down the reasons. New Canadian mortgage regulations are making it harder to access financing. On January 1, 2018, the Canadian...
Housing affordability in the GTA is close to the worst it’s ever been. According to the RBC Housing Trends and Affordability report, a household in Toronto would need 66% of its income to cover housing-related expenses. And the difficulties...
The 2018 Canadian income tax deadline is almost here. On April 30, 2019, all personal taxes must be filed for the 2018 tax year. If you miss this deadline, you will officially be a late filer in the eyes of the Canada Revenue Agency (CRA)...
It’s income tax season and many Canadian filers may be turning to online tax preparation services, like Liberty Tax. These services are great options for submitting your income tax return, and for finding more deductions and rebates you may...
You might have heard the phrase “the bark is worse than the bite.” But when it comes to Canada Revenue Agency (CRA) collections, the bite is definitely scarier. The CRA has many options available for collecting on unpaid tax debts – far more...
The Bank of Canada interest rate is staying at 1.75% for March 2019. On March 6, 2019, the Bank of Canada (BOC) announced they are maintaining the overnight interest rate for the time being. Their reasons were: The slowdown to the global...
CRA Director Liability and You – Protect Yourself Before It’s Too Late! If you own, or are a director for, a company and accept trust money for the federal or provincial governments, you could be subject to CRA director’s liability. CRA...
It’s been 2019 for more than a month — so why are we writing about New Year’s resolutions in February? Did you know that only 8% of people actually stick to their New Year’s resolutions — and 80% of resolutions fail by the second week of...
Make a Personal Finance Plan for Higher Interest Rates, Mortgages, Line of Credit Payments, and More The new year is upon us. Do you have a personal finance plan for 2019? The Canadian economy is changing. We have already seen the effects of...
There will be no interest rate increase this month, or in February 2019. The Bank of Canada (BOC) announced on January 9, 2019 that the overnight interest rate would remain at 1.75% for the time being – at least until the next announcement...
Happy Holidays from all of us at DebtCare Canada! As much as this season can be about material possessions, we here at DebtCare are remembering what is truly important: love, kinship, and gifts that cannot be seen but are felt in the heart. We...
Good news for 2018: we won’t be seeing any more Bank of Canada interest rate increases this year. On December 5, 2018, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% for the month of December. The next...
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