Self Employed? Is a CRA Garnishment Going to Your Clients?
Anyone who is self-employed knows the many challenges that come with owning a business – and one of the greatest is dealing with the many complexities that come with the intricate tax process in Canada. Because of these complexities, many self-employed individuals find themselves owing money to the Canada Revenue Agency (CRA), for numerous reasons, […]
Will a Consumer Proposal Ruin my Credit?
Many of us have been there – finances are tight, and even making the minimum payments on your credit products has become difficult. Maybe you are opting to make payments on one card each month, or are continually increasing your available limit just to be able to keep your head above water. Whatever the situation, […]
The Challenges of Dealing with Debt Through a Divorce
In Canada, divorce is one of the biggest causes of debt, and debt is one of the biggest causes of divorce. No matter how you look at it, financial strain wreaks havoc on your life in a number of different ways. When you separate, and go from a 2 income household to a 1 income […]
Is Credit Counselling in Canada a Debt Consolidation?
We have all heard the commercials on the radio and television talking about debt consolidations and credit counselling. When you have a debt that is becoming increasingly difficult to pay, these may seem incredibly enticing – but it can be difficult to know what each one means, or if they are in fact even different. […]
Wage Garnishment Blog Series Part 3 – Wages Garnished by Other Sources
In the first two blogs of our wage garnishment series we discussed how wage garnishments work when you owe money to the Canada Revenue Agency or to a creditor. While these are two very common forms of wage garnishments, there are other forms of wage garnishments that can quickly become severe financial burdens. A very […]
Wage Garnishment Blog Series Part 2: Wages Garnished by a Creditor
Many people run into financial problems and can’t pay their creditors. Often these debts end in a wage garnishment. Last week we looked at Canada Revenue Agency wage garnishments, so this week we thought we’d explore what it means when you are faced with having wages garnished by a creditor other than the CRA. When […]
Wages Garnished by CRA – Blog Series Part 1
Wage Garnishment Blog Series Part 1 – Wages Garnished by CRA With the advent of May, the personal tax filing deadline is now well behind us, and for many, a sigh of relief can be had. For others however, the passing of the deadline brings with it a whole new set of issues. If, after […]
Tax Return Going to Result in Tax Debt? What Can You Do If You Can’t Pay
The tax deadline is upon us, and for many this means a necessary hassle we must face annually – but once dealt with, is quickly relegated to the back of our minds until this time next year. For others however, those with a tax debt looming over their heads, tax time brings with it some […]
DebtCare Canada Weighs In: Student Debt
It is very common nowadays to hear about 20 something individuals living with parents, or struggling to meet their financial responsibilities, especially when compared to 20 years ago – and as a recent Yahoo Canada article points out, much of this has to do with the rising costs of university education and the resulting student […]
Ontario Bankruptcy Trustees – What is Their Role in a Consumer Proposal?
When you feel as though you are drowning in debt, with few options available for relief, you may be considering a consumer proposal as a way to get those collection agencies off your back and to obtain some semblance of financial stability. Knowing this, perhaps you are thinking about seeking the advice or assistance of […]