What is the Difference Between a Bankruptcy...

Posted By  on Sep-16-2014
In Canada, consumer proposals or personal bankruptcies must be administered by a licensed bankruptcy trustee. Bankruptcy trustees are not lawyers. Bankruptcy lawyers do not—unlike in the US—administer bankruptcies. If you decide to declare bankruptcy, a bankruptcy trustee must file the paperwork for you.  Read More

Some Basic Rules about Personal Bankruptcy

Posted By  on Aug-21-2014
Canadian bankruptcy rates have been abnormally high since the 2008 financial meltdown. Record consumer debt and a tight job market have made it easier than ever to get into debt. When you have reached the point that payments are only chipping away at accrued interest and you owe more than you could ever make, it may be time to call it quits.  Read More

10 Easy Ways to Save Money

Posted By  on Aug-07-2014
Saving money doesn’t have to be a chore or require cutting back on life’s simple pleasures. Try using these 10 simple tips to take greater control over your finances, and keep more of your money in your pocket, instead of somebody else’s.  Read More

What Kinds of Debts are Not Covered in a...

Posted By  on Jul-30-2014
Not all debts are erased by bankruptcy. It’s important that you know which of your debts are covered by Canada’s bankruptcy law if you are considering filing for personal bankruptcy, to ascertain if bankruptcy is the best option to solve your current financial situation. Bankruptcy law is extremely complex.  Read More

How Much Does CRA Charge in Penalties and...

Posted By  on Jul-24-2014
If you owe money to the Canada Revenue Agency (CRA), you must take steps to avoid late payments. Any late payments owed to the CRA are subject to interest and penalties. Payment must be made by May 1, 2015 for the 2014 tax year. Additionally, any incorrect (falsified) tax returns will be penalized.  Read More
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