111 Waterloo Street, Suite 310
Enough is Enough
Stop kidding yourself, you can’t afford all the debt you and your family are trying to service. It may be the case, for some folks, that you can’t afford not to have the debt – the cost of living has risen faster than your paycheque.
Bank Accounts
Bank accounts are impacted by the filing of a bankrupt, or a proposal for that matter since many of the bankruptcy provisions apply equally to proposals. Banks may seize funds in accounts as an offset (or setoff) because they have a contractual right to do so. In other words, if you went bankrupt in the […]
Interest Rates
Collapsing RSPs is no panacea for first time home buyers. Our advice is “don’t do it” – the long term implications can be dire. The biggest beneficiaries are the lenders not the borrowers.
Rebuild Your Credit
We see that slogan everywhere “rebuild your credit” everyone seems to be using it from mortgage lenders through to used car salesmen. But, caveat emptor (buyer beware) things may not be what they seem. Usually when I hear the expression “rebuild your credit” the first thing that comes to mind is “high interest” and the […]
Living in Canada
Living in Canada is extremely challenging and not getting easier. The cost of living continues to increase faster than incomes and taxation is not helping. Adding the new carbon tax to the mix it is highly likely that Canadian consumers are paying more than half of their income in some form of taxation. Paper, ordinary […]