What is the Average Credit Card Limit in Canada?
Average credit card limits in Canada are hard to come by, but the average credit limit on new cards was over $5,800, the highest in seven years.
2023 Canadian Student Debt Statistics: Average Student Loan Debt
The cost of higher education has steadily increased over the last decade, and the most recent Canadian student debt statistics don’t make for easy reading.
How to Maximize Your Tax Return in Canada: 2023 Tax Tips
Discover how you can save on taxes in Canada and increase your tax refund by taking advantage of tax deductions and credits.
Canada Training Credit (CTC): Upgrade Your Skills
The Canada Training Credit is a new refundable credit to support lifelong learning and help you upgrade your skills in a rapidly evolving job market.
Did You Receive a CERB Repayment Letter?
This guide will show you what to do if you receive a CERB repayment letter and your options if you can’t repay CERB.
What is an R7 Credit Rating in Canada?
Learn what an R7 credit rating means, how it affects your credit score and how long it stays on your credit report.
What If I Can’t Pay Back CERB?
How to repay CERB, what happens if you don’t make your CERB repayments and the alternative options if you can’t pay back CERB.
How to Pay Off Debt and Achieve Financial Freedom
If you don’t have a plan in place to pay off debt, here are some strategies to pay off your debt and achieve financial freedom.
How to Achieve Financial Freedom with a Good Credit Score
Credit alone cannot bring about financial freedom, but a good credit score makes life easier and should be used as a tool to reach your financial goals.
What Does a Garnishee Order Mean in Canada?
Learn what a garnishee order is, what types of debts can be garnished, and how to stop a garnishee order.
How to Pay Off Debt Faster: 11 Proven Ways
The best ways to pay off debt faster, from spending patterns to the frequency of payments. Use these strategies to get out of debt faster.
The Benefits of Being Financially Independent
Many of us pursue financial independence so we can choose when to work, retire early or pursue other passions. It…
What Is the 50/30/20 Budgeting Rule?
The 50/30/20 rule is a popular budgeting strategy that divides your after-tax income into necessities, wants and savings (or debt repayments).
How to Save Money in Canada: 106 Money Saving Tips
We’ve identified some of the best ways to save money in Canada, from better daily habits to smarter shopping decisions.
10 Good Money Habits to Learn in 2023
Managing money is hard, and good money habits are often the difference between financial freedom and debt. If you can’t…
Is There a Canadian Government Debt Relief Program?
Many debt relief solutions claim to solve debt problems, but is there a federal government debt relief program?
How to Get a Credit Card After Bankruptcy in Canada
We examine how bankruptcy affects your credit options and show you an easy way to get a credit card after bankruptcy in Canada.
Ontario Debt Collection Laws: Know Your Rights
If you don’t repay a debt, your creditor can hire a collection agency to pursue you for what’s owed. In…
How to Achieve Financial Independence in Canada
Many Canadians are rethinking their priorities and adopting a frugal lifestyle to retire quickly and achieve financial independence.
The Best Budgeting Apps for Canadians
There are so many budgeting apps to help you manage your finances. But which is the best? Here are the best budgeting apps for Canadians.
What Is A Fee-Only Financial Planner?
Instead of receiving a commission or referral fee on the financial products they sell, a fee-only financial planner is paid…
Budgeting 101: How to Make a Budget Plan
If you’re tired of living paycheck to paycheck, it’s time to make a budget plan. Learn how to make a budget plan that works and how to stick to it.
What Is an RRSP and How Can It Benefit You?
A Registered Retirement Savings Plan (RRSP) can help you save for retirement by reducing the taxes you pay on contributions.
7 Steps to Become Financially Independent in Canada
You can become financially independent by making smart choices with your money, reducing your outgoings and building passive income streams.
How to Budget to Pay Off Debt: A Step-by-Step Guide
Are you struggling to get out of debt? If you find it hard to create some wiggle room in your…
How Much Do You Need to Retire in Canada?
Saving for retirement is essential, no matter your age. But how much do you need to retire? What if you don’t have a pension?
What Is the Retirement Age in Canada?
For most Canadians, retirement is a time to take their foot off the gas, enjoy life and finally pursue passions…
How to Get Out of Debt in Canada: A Step-by-Step Guide
Struggling with debt? Our step-by-step guide shows you how to get out of debt in Canada quickly and what debt help is available.
How to Improve Your Credit Score in Canada
Want to increase your credit score in Canada? Learn the simple steps you can take to increase your score and unlock financial freedom.
Debt Relief Canada: Debt Relief Programs for Canadians
A guide to Canada debt relief. Learn the pros and cons of each Canadian debt relief program so you can choose the right one.
How Does a TFSA Work?
A Tax-Free Savings Account (TFSA) is a tax-advantaged account that lets Canadians save their money without paying any tax on…
How to Read an Equifax Credit Report in Canada
This guide walks you through the process of creating a myEquifax account and how to read an Equifax credit report in Canada.
How Long Do Collections Stay on Your Credit Report in Canada?
How long do collections stay on your credit report? In this guide, we answer these questions and look at ways you can rebuild credit.
How Canadian Credit Reports Work: A Beginner’s Guide
An excellent credit score allows you to access the best credit cards, loans and mortgages with attractive rates and rewards….
How Does a Credit Score Work in Canada?
Your credit score affects things like getting credit cards, loans, mortgages or renting an apartment. But how does a credit…
What Is a Good Credit Score in Canada?
A credit score allows lenders to measure your trustworthiness when you apply for credit. We look at some typical credit score ranges and what they mean.
Alberta Debt Collection Laws: A Complete Guide
If you don’t pay back a debt on time, you’ll likely be pursued for the money through a debt collection…
Do Free Canadian Government Grants to Pay Off Debt Exist?
Many Canadians find themselves in debt, often due to payday loans or credit card overuse, which can accumulate quickly. When…
Debt Forgiveness Canada: Debt Forgiveness Programs to Write Off Debt
There are ways to achieve debt forgiveness in Canada that allow you to write off a portion of your debt.
Debt Statute of Limitations Ontario: How Does It Work?
In Ontario, creditors can only take legal action for two years starting from when you last acknowledged the debt or made a payment.
Can You Keep a Credit Card with a Consumer Proposal?
A credit card can be helpful for flights, hotels, or emergencies. So it makes sense that you want to hold…
Can I File a Joint Consumer Proposal for Shared Debts?
Money is the most common cause of problems in marriage and relationships, and arguing about money is the top predictor…
How Bankruptcies Work in Canada
If you rely on credit, have suffered a loss of income and can no longer pay your debts, bankruptcy could offer a way out. Learn how bankruptcies work.
Does a Consumer Proposal Affect Taxes?
If you have an income tax debt you cannot repay, the Canada Revenue Agency (CRA) may demand repayment or take…
How Long Does Bankruptcy Stay on Your Credit Report in Canada?
Although bankruptcy damages your credit, it will benefit your credit in the long run once you’ve eliminated your debt burden.
Do You Lose Your House in Bankruptcy in Canada?
If you are making your mortgage payments, it’s unlikely you will lose your house in bankruptcy in Canada. It’s possible to keep your home.
Student Loan Forgiveness in Canada: A Game-Changer for Graduates
Student loan debt is a significant financial burden for many Canadians. In 2020/2021, the average student loan debt at the…
CRA Debt Forgiveness: How to Get Your Tax Debts Forgiven
If you are looking for CRA debt forgiveness for your tax bill, here are some programs that can help you get some of your tax debt forgiven in Canada.
What is Credit Counselling and How Does it Work?
If you need help with debt, credit counselling can offer individually tailored debt advice, debt relief solutions and help with budgeting.
What is a Consumer Proposal? The Little-Known Way Out of Debt
If you’re struggling to pay your bills and want to avoid declaring bankruptcy, a consumer proposal is a safe way…
EOS Canada Inc: What is EOS Canada?
What is EOS Canada? EOS Canada is a debt collection agency in Canada that helps creditors recover money from customers…
Why is RBC Collections Calling Me?
What is RBC Collections? RBC Collections are a debt collection firm under contract to Royal Bank of Canada that collects…
Can You Keep Your Car in a Consumer Proposal?
Through a consumer proposal, you can reduce and consolidate your debt, stop collections and lift wage garnishments. But can you…
Consumer Proposal and Student Loans in Canada
You can eliminate student loan debt in a consumer proposal if it’s been seven years or more since you were a full-time or part-time student.
How to File a Consumer Proposal in Canada
Learn how to file a consumer proposal in Canada with a Licensed Insolvency Trustee.
Can I Keep My House in a Consumer Proposal?
Being able to resolve your debts at an affordable cost while protecting your home is one of the great benefits…
How Does a Consumer Proposal Affect My Credit Score?
When it comes to consumer proposals, there are inevitable and understandable questions about the impact on your credit score. While…
The Pros and Cons of a Consumer Proposal
Like all debt solutions, there are advantages and disadvantages. Explore the pros and cons of a consumer proposal to help you decide.
Consumer Proposal vs Bankruptcy: What are the Differences?
A consumer proposal and bankruptcy are two popular legally binding debt forgiveness programs in Canada, but there are significant differences.
Credit Bureau of Canada Collections: Stop Collection Calls
What is Credit Bureau of Canada Collections? Credit Bureau of Canada Collections is a debt collection agency that seeks to…
Claiming Bankruptcy and Keeping Your Car
You can declare bankruptcy in Canada and keep your vehicle. Each province or territory has exemptions for your motor vehicle up to a specific value.
How to Rebuild Your Credit After a Consumer Proposal
There is a sense of accomplishment when you complete a consumer proposal and pay off your debts. Through the financial…
British Columbia Debt Collection Laws: What You Should Know
Debt collection is different throughout Canada, but you have rights that collection agencies must respect. In this article, you’ll learn…
How Long Does a Consumer Proposal Last?
If you are considering filing a consumer proposal, you want to know how long it takes. The short answer is…
What Happens to Your Bank Account in a Consumer Proposal?
It is highly recommended to open a new bank account before filing a consumer proposal. This guide will explain why…
How Much Does It Cost to File Bankruptcy?
Discover the true cost of bankruptcy and what you can expect to pay. Learn about administrative costs, surplus income payments, and assets.
Can You Get a Mortgage After a Consumer Proposal?
A consumer proposal helps thousands of Canadians recover from financial hardship, but how do you qualify for a mortgage after…
CBV Collection Services: Why Are They Calling?
What is CBV Collection Services? CBV Collection Services is a debt collection agency that attempts debt recovery on delinquent accounts….
What is Bankruptcy Surplus Income?
When you file bankruptcy, your income determines how much you will pay. If you have surplus income, the cost of bankruptcy is higher.
A Guide to Credit Checks in Canada
Learn everything about credit checks in Canada and how lenders, landlords and employers use them with our easy-to-follow guide.
How Canada Debt Statute of Limitations Work
Can you be sued for an outstanding debt if you have not made any payments or received any communication from…
Will I Lose My Savings and Pensions in Bankruptcy?
Filing for bankruptcy in Canada will have an impact on your savings and pensions, but some are protected during bankruptcy proceedings.
Can You Get a Car Loan While in a Consumer Proposal?
A consumer proposal allows you to clear your debts and begin rebuilding your credit at a faster rate than you…
What is Debt Consolidation?
In this guide, you’ll learn how debt consolidation works in Canada and the many ways to consolidate your debts.
Does Bankruptcy Affect Income Tax Returns?
When you file for bankruptcy, the tax return process will differ slightly, and there are some tasks that you must carry out with assistance from a Licensed Insolvency Trustee.
What Happens to Student Loans If You File for Bankruptcy?
If it has been at least seven years since you were a student, your student loan debts can be eliminated through bankruptcy.
Does Bankruptcy Clear Tax Debt in Canada?
You can use bankruptcy to legally clear your tax debt alongside other unsecured debts. The CRA is treated the same as other unsecured creditors.
What Happens When You File Bankruptcy in Canada?
Bankruptcy shouldn’t be a scary experience. Learn what happens when you file for bankruptcy in Canada with a Licensed Insolvency Trustee.
The Pros and Cons of Filing Bankruptcy in Canada
If you’ve exhausted all other options, filing for bankruptcy is sometimes the best way to stop the rot. Explore the pros and cons of filing for bankruptcy in Canada.
How Long Does Bankruptcy Last in Canada?
You can complete a first-time bankruptcy in just nine months if you fulfil your bankruptcy duties and there are no objections to your discharge.
Consumer Proposal Toronto: A Beginner’s Guide
File a consumer proposal in Toronto to reduce your debt by up to 80%, freeze interest, stop collection calls and end wage garnishments.
What is a Stay of Proceedings in Bankruptcy or a Consumer Proposal?
A stay of proceedings in Canada provides immediate protection from your creditors during your bankruptcy or consumer proposal.
How to File Bankruptcy in Canada: Your Questions Answered
Learn how to file bankruptcy in Canada with this comprehensive guide on the bankruptcy process and what to expect after you file.
How to Get Discharged from Bankruptcy in Canada
Being discharged from bankruptcy means you are released from your debts. Find out more about bankruptcy discharge and how to be discharged.
What is a Certificate of Full Performance in a Consumer Proposal?
When you complete a consumer proposal, your Licensed Insolvency Trustee will give you a Certificate of Full Performance.
How to Stop Wage Garnishment in Ontario
You might experience a wage garnishment if you owe money to a creditor. Learn how to stop wage garnishments in Ontario.
Does a Consumer Proposal Affect My Spouse?
If you are considering filing a consumer proposal to resolve your unsecured debt, you might worry that a consumer proposal…
Can a Consumer Proposal Affect Employment?
When considering a consumer proposal, you may wonder if it will affect your current employment or stop you from getting…
Life After a Consumer Proposal: What Happens Next?
If you are considering filing a consumer proposal, you’ll want to know what happens when it is finished. This post…
Consumer Proposal Alberta: Reduce Your Debt
Why file a consumer proposal in Alberta? Do you live in Alberta? Are you are struggling to make ends meet…
Consumer Proposal Ontario: How Does It Work?
How does a consumer proposal work in Ontario? This guide examines the pros and cons, costs and how to file….
How Much Does a Consumer Proposal Cost?
A consumer proposal is a popular debt settlement program, but how much does it cost? In this guide, you’ll learn…
Bankruptcy and Joint Accounts: How to File Joint Bankruptcy
Joint bankruptcy can make sense if you have shared debts. This guide examines how to file for joint bankruptcy and its advantages and disadvantages.
What is a Bankruptcy Trustee?
You might need a bankruptcy trustee if you are in financial trouble. Learn what a bankruptcy trustee does and their role in providing debt advice.
A Quick Guide to Manitoba Debt Collection Laws
If you don’t pay back a debt on time, a debt collection agency will pursue you for the money. When…
Who Pays for Bankruptcies in Canada?
Who pays for bankruptcies in Canada? Is it taxpayers, the government or someone else? This guide looks at the costs involved.
What Can a Collection Agency Do to Me in Canada?
Having debts in collections is often a frightening experience, especially if you’re struggling to stay afloat financially. Debt collection agencies…
What is a BIA Insolvency Counsellor?
A BIA Insolvency Counsellor works alongside a Licensed Insolvency Trustee providing insolvency counselling.
Tax Debt Relief Canada: Resolve Tax Debts and Penalties
Learn how the Canada Revenue Agency (CRA) collects outstanding debt and what tax debt relief is available in Canada.
What Assets Can You Keep in a Consumer Proposal?
The best thing about a consumer proposal is that it allows you to resolve your debts without affecting your home,…
What is a Licensed Insolvency Trustee?
With so many debt relief solutions out there, which one is the right one for you? If you are in…
What is a Credit Score? Why Your Credit Score is Important
Learn everything you need to know about credit scores, including how credit scores work, how they are calculated and what this means for you.
What Assets Can I Keep in Bankruptcy in Canada?
When you file bankruptcy, you keep some of your assets. Items like furniture, personal effects, work tools and savings plans can be safeguarded, as well as your house and vehicle.
How Does Bankruptcy Affect Your Job?
In most cases, bankruptcy won’t affect your employment, but there are some exceptions, and some industries require you to disclose this information.
What is a TransUnion Consumer Disclosure?
A Consumer Disclosure is your complete credit report that only you can request access to.
Unsecured vs Secured Debts: What’s the Difference?
Before you borrow money, use this guide to learn the differences between unsecured vs secured debt and what this means for you.
How to Get a Free Credit Report in Canada
If you want to see your credit history, you must check your credit report. A credit report keeps a record…
What is the Insolvency Counselling Program?
If you file for bankruptcy or enter into a consumer proposal, you must undertake two financial counselling sessions as part of the Insolvency Counselling Program.
How Long Does Bankruptcy Stay on Public Record?
Nobody wants a private matter like bankruptcy to become public knowledge, but the truth is only a handful of people will ever know.
How Does Bankruptcy Affect Your Spouse or Common-Law?
Bankruptcy doesn’t affect your spouse or common-law partner unless you have a co-signed loan, shared debts, or guaranteed payment of a debt.