Category: Insolvency News
The CERB fiasco will haunt the government for almost as long as the lockdown itself. Next April the income tax implications will be felt by millions of Canadians as few have set aside money to pay the taxes. At the end of the day over a million people will be required to make repayments. Grab the popcorn, this story isn’t over yet.
The economy did not break itself, and it will not just fix itself, anymore than the budget can simply balance itself. It will take work to make up for lost opportunities, and income – but we can build back better, if we apply common sense to the way we spend and handle our financial responsibilities.
Sometimes it makes a lot of sense to do things together with your spouse – sometimes it doesn’t. When it comes to filing a bankruptcy or a proposal it can be either beneficial or harmful to make a joint filing. Talk to your local Licensed Insolvency Trustee to find out what is best for your and your family. 519-646-2222
Many folks have the wrong impression about bankruptcy – it isn’t all about seizing and selling all of your belongings. It is important to keep the neccessaries of life in order to remain a productive member of society. Excesses may be treated differently – call us for more details 519-646-2222