519-646-2222Blog Articles
Who Should Consumers Trust for Sound Financial Decisions Related to Credit?
Who should consumers trust for good financial advice? Licensed Insolvency Trustees are probably the most regulated players in entire consume debt industry. Trustees work to help you eliminate or reduce debt – the other players help you get further into debt. Choose wisely!
Read moreCaution: Why Now is Not the Time to Take on More Debt
Debt is not going away, it isn’t even going down, Canada’s debt crisis in widening everyday.
Read moreCredit Recycling: How Filing a Consumer Proposal or Bankruptcy Helps Consumers Rebuild Credit
Credit recycling – how an insolvency proceeding helps you get back on track
Read moreHow did I get in this mess? It’s all about the small stuff!!
How did I get in this mess? C’mon, you know the answer you just have to be honest with yourself!
Read moreThe Growing Burden: How Canada’s Consumer Debt and Excessive Taxation Are Harming the Middle Class
The growing burden of taxation and debt is eroding the social and economic fabric of Canada
Read moreTaxation by Tariff
Taxation by Tariff, Environmental Fee, Carbon Contribution, Sewerage Charge, Income Tax, Harmonious Sales Tax, Tariff – a rose by any other name.
Read moreCanadian Income Statistics
In Canada, the reporting of income data by Statistics Canada, the national statistical agency, can appear to be politically influenced, with data sometimes presented in ways that may not be immediately clear. While the statistics are publicly available, careful scrutiny of the data is required to understand its sources, meaning, and interpretation.
Read moreArbitrary Assessments
In this blog we will talk about Canada Revenue Agency’s (“CRA”) arbitrary assessments from a perspective of our own investigations into how they are generated, how they are enforced, as well as what options you may have as a taxpayer to resolve them…
Read moreBuying a House
Buying a house in Canada’s yet overheated real estate market could lead many purchasers into dire straights.
Read moreAmazon Shopping Warning
Amazon shopping warning – shopping on Amazon may be far more costly than you think!
Read moreFormulas for Proposals
There are no “magic” formulas for proposals – I often see and hear leader advertisements from other LIT offices with suggestions that you can write off 80% of your debt or they can fix your problems in 15-30 minutes. While both promises contain elements of truth, they also both exaggerations. Let’s start with the time […]
Read moreDivision One Proposals
Division One Proposals can filed by corporations, individuals or filed jointly.
Read moreRenegotiating Existing Proposals
If something changes, don’t despair, you can renegotiate existing proposals – talk to your LIT.
Read moreDon’t believe what you are being told!
Don’t believe what you are being told – statistics are always manipulated, that is the whole purpose of them.
Read moreWhy do you use credit?
Have ever wondered “why do you use credit?” – if you haven’t, you really need to start. One of the most frequently used rationales is “points” – without regard to the additional cost of those points.
Read moreHouse Prices & Insolvency
House prices & insolvency filings have a tragic relationship, houses are the single largest purchase that the majority of people will purchase on credit. The government has put various protocols in place to provide some modicum of protection for consumers against aggressive lenders. However, even these measures have done little to help. In February 2019 […]
Read moreShameless Credit Card Industry
Canada’s shameless credit card industry is being investigated most for the fees it charges, but it is unlikely that we will see changes in consumer protection laws thathelp abate the need for credit.
Read moreWhat is the difference between a Proposal and Bankruptcy
Licensed Insolvency Trustees are often asked “what is the difference between a Proposal and a Bankruptcy?”. The answer is a little complicated because it depends a lot on your individual circumstances. If you have no house and low income and have never been bankrupt before then a Bankruptcy may be a better solution, however, if […]
Read moreDebt is Destructive
Debt is the most destructive force you and your family face. Getting out of debts relatively simple – staying out of debt is extremely challenging.
Read moreDebt Slavery in Canada
Debt slavery is a real thing. Debt has quite literally taken over the Canadian economy, with most consumers unable to make it through a month without resorting to the use of debt to make up for the shortfall in living costs left by declining incomes and growing inflation.
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