Managing your finances as a veteran in Canada isn’t easy. A recent Global News article reported that Veterans Affairs Canada handed out overpayment notices, and could need to pay back thousands of dollars in Income Replacement Benefits (IRB). Canadian soldiers often leave the military with injuries, health concerns, or gaps in steady employment. The rising...Continue reading
Not making payments toward your debts can lead to serious consequences. The longer a debt goes unpaid, the more it grows as interest and late fees accumulate. You’ll also notice a gradual drop in your credit score as well. However, being unemployed can make managing these debts go from difficult to impossible. That’s why we’ve...Continue reading
While consumer proposals are commonly associated with licensed insolvency trustees and debt relief specialists, many wonder if it’s possible to handle it on their own to save money. A consumer proposal is a legal agreement to pay back some of your debt and, in the process, be protected from creditors. The rules around debt resolution...Continue reading
Receiving a demand letter from the Canada Revenue Agency (CRA) is a stressful experience. Whether it’s due to unpaid taxes, penalties, or other debts, it’s important to understand how to respond. In this article, we outline the steps you need to take when dealing with a demand letter from the CRA. We also include a...Continue reading
What happens when you do a consumer proposal? How much can I save with a consumer proposal? What is the downside of a consumer proposal? What is consumer proposal process? Understanding the Consumer Proposals Consumer proposals are a valuable resource for individuals struggling with credit card debt. These services offer a way to save on credit...Continue reading
20-year financial veteran Paul Murphy tackles the tough questions about debt consolidation. From the impact on your credit rating to typical rates for consolidation loans, you’ll learn the pros and cons of using debt consolidation. Debt consolidation. It’s a simple concept—you get one big loan to wipe out lots of little debts—but a technique that...Continue reading
