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Canadians struggle to live without debt

September 5, 2017

Job stability and income are both in decline but the use of debt continues to increase. A saving grace for some Canadians has been the recent surge in real estate values, but that value increase can create a deeper debt problem for many others. Moving unsecured debt from credit cards and lines of credit to […]

RSPs, Investments and Debts

September 5, 2017

Strange bedfellows on the face of it but there is a strong adverse relationship between savings and debt. For several decades Canadians had great retirement opportunities through many larger employers, mostly manufacturing and other industrial companies with union negotiated pensions. Unfortunately, during the past 2-3 decades those opportunities have been eroded at an alarming rate. […]

IMAGINE HOW SOCIETY WOULD CHANGE

September 5, 2017

If 70% of Canadian families could be supported on one income It’s not an unrealistic ideal in the early 1970s at least 70% of Canadian families were supported on a single income.  Women had been in the workforce right up until the end of the second world war then during the baby-boom years of the […]

Managing Debt

September 5, 2017

Some things you need to know about managing debt: To manage debt effectively means to use it appropriately and if you are carrying debt from one month to another you are probably not using it appropriately. Debt should be used as a short-term arrangement to facilitate some improvement in lifestyle – such as the acquisition […]

THE TAX MAN COMETH

September 5, 2017

“Tax season” only exists for accountants, for the rest of us it’s always tax season. You may have noticed that the CRA does not restrict its collection of outstanding taxes  to the tax season, it’s always open season for non-compliance. You can be non-compliant in filing required forms and reports and you can be non-compliant […]