Taxpayer Relief in Canada – Do I Qualify
If you have a tax problem in Canada, repercussions with the Canada Revenue Agency can be severe. If you filed your income taxes late or committed an infraction under the Canadian Income Tax Act, like failing to disclose income or writing off expenses that you weren’t entitled to, the Canada Revenue Agency has incredible power […]
What Does A Trustee Do?
If you have financial problems and have thought about consulting a trustee in bankruptcy, you may be curious about the role that they play in helping you deal with your financial problems, and may be asking yourself “what does a trustee do anyway?” The first thing to know is that a trustee in bankruptcy does […]
Divorce and Debt – A Match Made in…
Divorce and debt, debt and divorce; the two really go hand-in-hand. Debt and financial problems are one of the leading causes of divorce in Canada. When couples divorce and debt is present one or both parties can find themselves in severe financial turmoil. Divorce and debt are a toxic combination because when couples divorce they […]
Credit Counselling Canada – How Does It Work and Who Qualifies
If you are having challenges managing your debt there are many solutions available. The solution you choose will largely depend on your personal and financial circumstances. The amount of debt that you have, for example, will change the financial solutions available to you. Credit counselling Canada is a service that helps many Canadians deal with […]
How to Rebuild Your Credit Blog Series – Part 4 Having Too Many Credit Products and Too Much Debt
This is the fourth blog in a 4 part blog series about how to rebuild your credit. When you accumulate too much debt or have too many credit products, this can harm your credit. Credit card companies are aggressive, using marketing points programs, promotion and incentives to entice consumers to take out a credit card. […]
How to Rebuild Your Credit Blog Series – Part 3 Credit Balances That Are At, Close to, or Over
This is the third part in a four part blog series about how to rebuild your credit. Learning how to rebuild your credit begins with learning how to manage it. One major impact to your credit score is when you have credit card products that are close to, at, or over their limits. Many people […]
How to Rebuild Your Credit Blog Series – Part 2 Late Payments and Defaults to Creditors
This is the second part in a four part blog series about how to rebuild your credit. If you have made late payments on your credit card or have defaulted on debts to creditors this will have a severe impact on your credit that will not resolve itself until you deal with the debt you […]
How to Rebuild Your Credit Blog Series – Part 1 Too Many Applications for Credit
This is the first part of a four part blog series about how to rebuild your credit. Many people don’t realize how important credit is until it is damaged. Once credit is damaged, it takes a long time to rebuild, and if you want to know how to rebuild your credit the first thing you […]
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 Canada Revenue Agency directly. Why? Because CRA agents are hired by […]
How to Make a Credit Card Debt Settlement
When credit card debt begins to build up it can become very difficult to pay off. Credit cards bear monthly compound interest so if you get into a routine of making minimum monthly payments, the interest can sometimes be as much as the payment that you make. The end result is that you make a […]