Money Management Archives

Canada Revenue Agency Forms and Requests: – Beware

If you have a tax debt that you cannot pay in full, you should be very careful dealing directly with the Canada Revenue Agency (CRA). In fact, many agencies, including law firms, advise people who have large tax debts not to deal with the...

Posted June 25, 2012 | by admin |in Blog, Canada Revenue Agency Collections, Canada Revenue Agency Forms and Requests, Collections Debt in Canada, Deal with Debt, Dealing With Debt, Debt Consultants, Debt Reduction, Debt Settlement, Federal Government Programs, Financial Consultants, Garnishment of Wages in Canada, Money Management

The Canada Revenue Agency Consequences of Missing the Income Tax Deadline

In Canada, this year’s Canada Revenue Agency (CRA) income tax deadline was April 30th, 2012. The CRA’s income tax deadline is the last date that individual Canadian taxpayers can file their annual income tax returns with the CRA without...

Posted June 12, 2012 | by admin |in Blog, Canada Revenue Agency Collections, Collections Debt in Canada, Deal with Debt, Dealing With Debt, Debt Consultants, Debt Reduction, Federal Government Programs, Financial Consultants, Garnishment of Wages in Canada, Income Tax Deadline, Income Tax Debt, Money Management

Sued in the Small Claims Court? What Happens Next?

There are over 90,000 new Small Claims Court Actions filed in Ontario each year and more than 150,000 Small Claims Court actions filed throughout Canada. Small Claims Court actions are usually filed by creditors like banks, finance companies...

Posted May 15, 2012 | by admin |in Blog, Collections Debt in Canada, Deal with Debt, Dealing With Debt, Debt Consultants, Debt Reduction, Federal Government Programs, Financial Consultants, Money Management, Sued in Small Claims Court

Dealing with Debt Part 3 – Divorce Debt in Canada

Canada has the 8th highest divorce rate in the world. Human Resources Development Canada has reported that the proportion of marriages expected to end in divorce has fluctuated between 35% and 42% in recent years. In 2008, 40.7% of marriages...

Posted April 17, 2012 | by admin |in Blog, Collections Debt in Canada, Deal with Debt, Dealing With Debt, Debt Consultants, Divorce Debt in Canada, Federal Government Programs, Financial Consultants, Income Tax Debt, Money Management, Uncategorized

Debt to Income Ratio Crisis in Canada – How to Deal with Debt and Protect Your Assets

While the recession in Canada may have subsided, debt continues to cripple Canadians. So many Canadians struggle with debt for a myriad of different reasons. Many families who find themselves drowning in debt didn’t have it occur simply...

Posted March 27, 2012 | by admin |in Blog, Deal with Debt, Debt Consultants, Debt Service Ratios, Debt to Income Ratio, Financial Consultants, Money Management, Protect Your Assets

Dealing With Canadian Income Tax Debt

Tax time is here. For those who anticipate a large refund it is an exciting time. For those who know they will have to pay it is quite the opposite. Thinking about doing your taxes, knowing that you are about to face a large Canadian income...

Posted March 13, 2012 | by admin |in Blog, Debt Consultants, Federal Government Programs, Financial Consultants, Income Tax Debt, Money Management

Bill Collectors and the Collection Agencies Act – How to Stop Collection Calls

If you default on payments to creditors the first people you are likely to hear from are bill collectors. Bill collectors are collection agents who work for collection agencies. Having a debt in collections can be stressful and may leave you...

Posted February 28, 2012 | by admin |in Blog, Money Management, Uncategorized

What is a Good Budget and What is a Debt Service Ratio?

The first step to building a positive financial future is to have a budget and to understand your debt service ratios. What is a debt service ratio? There are actually two kinds of debt service ratio. A debt service ratio is a measurement used...

Posted February 21, 2012 | by admin |in Blog, Budgeting, Debt Consultants, Debt Service Ratios, Money Management

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