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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...

Posted November 6, 2019 | by admin |in A Consumer Proposal, Bankruptcy, Blog, Canada Revenue Agency, Canada Revenue Agency Collections, Canada Revenue Agency Tax Debt, Consolidate Debt, CRA Collections, CRA Frozen Bank Account, CRA Garnishment, CRA Home Page, DebtCare, DebtCare Canada, File a Consumer Proposal, Filing for Bankruptcy, How to Get Tax Relief, Negotiate with the CRA, Owe CRA, Owing Money to CRA, Requirement to Pay, Stopping Collection Action, Tax Debt

How to Save Your Home During a Financial Crisis

In a financial crisis, all of your assets may be in jeopardy – especially your home. A financial crisis can take many forms: an unexpected bill, change in interest rates, job loss, buildup of long-term debt, and more. But one of the hardest to...

Posted October 2, 2019 | by admin |in Blog, Canada Revenue Agency, Canada Revenue Agency Tax Debt, Consolidate Debt, Consumer Proposal, CRA tax debt, DebtCare, DebtCare Canada, Filing for Bankruptcy, Financial Challenges, Financial Help, Financial Options, Home Appraisal, Mortgage Refinance, Protect Your Assets

If I File for a Consumer Proposal Does It Mean I’m Bankrupt?

If you file for a consumer proposal does it mean you’re bankrupt? It’s a common question we receive, but the short answer is NO. While both programs are administered under the Insolvency Act, filing for a consumer proposal and filing for...

Posted September 18, 2019 | by admin |in Bankruptcy, Blog, Consumer Proposal, Credit Score, Debt Help, DebtCare, DebtCare Canada

Requirement to Pay – If You Received One, Act Before Life Gets Uncomfortable

A requirement to pay is one of the most uncomfortable forms of debt collection you can receive. A requirement to pay can be: Sent directly to your employer (as a wage garnishment) so your employer will have to send a portion of your paycheque...

Posted September 4, 2019 | by admin |in Blog, CRA, CRA Collections, Debt Collections, Debt Help, DebtCare, Requirement to Pay, Wage Garnishment

CRA Convictions – Yes, People Really are Prosecuted for Filing Taxes Late

Yes, it’s true — CRA convictions are a real thing and they happen to average people across the country. When it comes to filing taxes late, tax debt, and tax evasion, the Canada Revenue Agency (CRA) has many measures at its disposal. This...

Posted August 21, 2019 | by admin |in Blog, Canada Revenue Agency, CRA, DebtCare, DebtCare Canada, Filing Taxes Late

Will the Federal Election Save You Financially? What to Expect for Housing Affordability, Financial Help, and More

The Canadian federal election is coming up — and housing affordability is on every party’s platform. According to a survey from Abacus Data, 57% of Canadians polled report that an issue related to cost of living, taxes, housing affordability...

Posted August 7, 2019 | by admin |in Blog, DebtCare, Financial Help, Housing Affordability, Money Management

2 Ways to be Out of Debt Within 5 Years

When you’re in financial trouble, you want to get out of debt quickly. But finding out how to pay off debt fast can depend on many factors: The amount of debt. If you are carrying a lot of debt, the time to pay it off in full may be longer...

Posted July 17, 2019 | by admin |in Blog, Consumer Proposal, Debt Help, Debt Management, DebtCare, Get Out of Debt, Second Mortgage

How to Refinance Your Mortgage After You Have Destroyed Your Credit

You want to refinance your mortgage, but is your credit up to the task? A number of things can contribute to a low credit score, a.k.a. bad credit. This includes: Defaulting on a loan or bill payment. Poor payment habits, such as missing due...

Posted July 3, 2019 | by admin |in Bad Credit, Blog, DebtCare, Equity Mortgage, Mortgage Refinancing

Protecting Your Home Through Financial Restructuring

Having financial troubles can be stressful no matter where you are in life – but it’s doubly so if you own a house. There’s a common fear that financial restructuring will mean losing your home. Fortunately, there are ways to protect against...

Posted June 18, 2019 | by admin |in Blog, Consolidate Debt, Consumer Proposal, Consumer Proposal vs. Bankruptcy, Consumer Proposal vs. Refinancing, Deal with Debt, Dealing With Debt, Debt Consolidation, Debt Consolidation Loan, Debt Consultants, Debt Management, Debt Reduction, Debt Relief, Debt Solutions, DebtCare, Filing for Bankruptcy, Financial Consultants, Financial Options, Financial Restructuring, Get Out of Debt, Getting Out Of Debt, Protect Your Assets, Restructuring of your Debt

A Consumer Proposal is One Way to Stop a Wage Garnishment Dead in its Tracks!

How do you stop a wage garnishment? If your paycheque is being targeted by creditors, it’s a critical question to ask – and we have the answer. Stopping a wage garnishment immediately is vital to your financial health: A wage garnishment...

Posted June 5, 2019 | by admin |in Blog, Consumer Proposal, DebtCare, Wage Garnishment

Don’t Wait Too Long to Refinance Your Mortgage – Get Ahead of Rising Interest Rates

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...

Posted May 22, 2019 | by admin |in Blog, Canadian Mortgage Interest Rates, Current Home Mortgage Rates, DebtCare, Mortgage Financing, Mortgage Interest Rates, Mortgage Refinance, Mortgage Refinancing, New Mortgage Rules, Ontario Mortgage Broker, Refinance My Mortgage, Second Mortgage Financing

Housing Affordability Crisis in the GTA: How to Find Other Savings in Your Budget

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...