519-646-2222Blog Articles
Why Selling the House and Renting Might Be the Smarter Move
Selling the house is a far better move that continuously adding more debt to the purchase price. Your $650,000 house will cost you millions and you’ll never own it! Stop mortgaging – mortgages serve one purpose to buy a house they should be abused to move debt around.
Read moreThe Short-Term Mortgage Problem
Mortgages Are Becoming Dangerous—And It’s Time We Face the Consequences
For decades, mortgages were considered the bedrock of homeownership and financial stability. But today’s mortgage system has drifted far from its original intent. Beneath the reassuring language of “equity” and “investment” lies a network of financial practices that are eroding personal security, inflating the housing market beyond reason, and setting the stage for long-term economic harm. If we don’t change course soon, the damage may be impossible to undo.
Read moreWhy Monopolistic Tariffs Don’t Help Workers and Hurt the Middle Class
Dummying down tariffs, people on both sides of the political spectrum have argued for and against tariffs. The bottom line is they are a ridiculous idea that have never proven any lasting economic benefit – except to the extremely wealthy. Tariffs are always monopolistic by nature and they are economically destructive, forcing up prices, reducing wages and increasing corporate profits.
Read moreCanadians’ Debt Obsession: A Deep Dive Into the Nation’s Financial Woes
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 […]
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