How Short Term Loans Become Long Term Debt


If you’re in need of extra cash quickly it can be easy to make the mistake of falling into a debt trap offered by predatory lenders. Advertisements promise an attractive solution for those with bad credit, but these loans often end up costing thousands of...

Summer Fun in Ottawa – On A Budget


One of the best parts of the insolvency process is that it is designed to allow clients to continue to live their lives. Clients track their spending every month, which allows them to adjust their budget and re-evaluate their financial choices. Entertainm...

How to Set Financial Goals You Will Achieve


If you’re new to managing money or if you haven’t mastered it yet then budgeting may be intimidating. At the same time, it can be the one thing you do that ensures accomplish the many goals you may have including staying out of debt. By taking control of...

6 Questions About Debt Relief Answered


After over 20 years helping people achieve a fresh start through a consumer proposal or a bankruptcy, we’ve found that most people wish they had called us sooner, so why don’t they? The truth is that many people are embarrassed to admit they are not in co...

7 Things You Should Know Before Getting a Credit Card


Apple and Sephora recently announced they will begin issuing credit cards later this year and are offering users attractive rewards programs. Apple has said the new credit card will have no late fees, no annual fees and no international fees in addition t...

What You Need to Know Before Taking Out a Payday Loan


What You Need to Know Before Taking Out a Payday Loan 46% of Canadians are $200 away from not being able to pay their bills, according to a recent segment by Global News. Additionally, 31% do not make enough money to cover their monthly bills and debt pay...

7 Quick Tips for Taxes in Canada


Taxes are the largest bill Canadians pay each year and it’s not uncommon for people to become overwhelmed with filing their claims to Canada Revenue Agency (CRA). In 2017, the Financial Post reported Canadians being taxed at a rate of 42.5% of their incom...

Doyle Salewski Supports Local Military Families with Donation to Petawawa Military Family Resource Centre


Ottawa, Ontario, February 26, 2019 - Doyle Salewski, a leading provider of financial consulting and restructuring services in Eastern Ontario and Western Québec, believes strongly in supporting the communities it serves. As credit counsellors and licensed...

Can I file for bankruptcy in Canada if I’m living abroad?


Financial troubles don’t end at borders—or even oceans. If you’re a Canadian citizen no longer living in the country, and you still have debts in Canada that you are unable to pay, you may be wondering whether or not you can file for bankruptcy. The answe...

Get out of debt with help from a Licenced Insolvency Trustee


Falling into debt is more common than you’d think. According to the CBC, the average Canadian owes $22,000 in non-mortgage debt. What’s more, Canadians, on average, owe $1.67 for every dollar of income. The reason for this is fairly simple: while the aver...

Dealing with income tax debt


Question:  It’s spring across Canada which also means it’s tax season.  A deep “sigh” may be your initial response.  You may be in the process of filing your tax returns or you may have already filed and received your 2016 tax assessment and refund.  You ...

Why did CRA register a lien on my home?


Arguably, April is not the happiest time of the year.  Plenty of grey rainy days combined with the fact that the deadline for filing our 2016 tax returns is looming large.   Some may still owe personal income tax from prior years or perhaps haven’t filed ...

Should I cash in my RRSPs to pay my debts?


A survey conducted by a major bank concluded that almost 40% of Canadians admit they’ve cashed in part of their Registered Retirement Savings Plan (RRSP) well before retirement.  Many feel they don’t have a choice.  Most aren’t using their RRSPs to take t...

I’ve heard about a debt consolidation solution that only a Licensed Insolvency Trustee can help me file called a Consumer Proposal. How do I go about doing that?


Like many people, you’ve been doing research on the Internet or perhaps asking family and friends for advice.  You’ve decided that a consumer proposal might be the best way to deal with your debt stress and get you back on your feet financially. Good for ...

What is a consumer proposal?


“I know I can file a bankruptcy with a Licensed Insolvency Trustee (“LIT”) but I don’t like that option.  I’ve heard about a sort of consolidation an LIT can also help me file called a consumer proposal.  What is that exactly?” If you are having some fina...

What happens when I call Doyle Salewski to ask for help?


One of the most difficult things we have to do in life is ask for help.  Offering help comes to most of us naturally but asking for help, not so much.  Many are willing and some able to tough it out and get through rough patches in life.  Figure things ou...

5 tips to improve how to manage your money in 2017


The time for making resolutions for 2017 has come and gone.  Many have signed up for gym memberships, made commitments to eat healthier and get various aspects of their lives in order.  We often forget or avoid dealing with financial goals because money i...

What would you do if your only source of income was cutoff?


It’s been well documented that more than 100,000 public servants were either over paid, under paid or not paid at all since the federal government decided to migrate to a new payroll system last winter.  While some of the problems have been worked out, th...

Avoiding the January credit hangover: tips to curb Holiday spending


Time seems to fly at this time of year.  One minute we are raking leaves, taking fall hikes, and enjoying the warm sun on our face and the next we are putting snow tires on the car, breaking out the toques, boots and warm sweaters and shoveling snow.  The...

November is financial literacy month. Where do you turn for financial advice when you need it?


Before we enter pre-school, most of us were taught how to count to 10 using our fingers.  This basic arithmetic is the basis for more difficult and complex mathematics down the road.  With these skills, we can make sure we receive the correct change at th...

Are the new mortgage rules requiring a “stress test” a good idea?


The Federal government announced new mortgage rules in October for buyers making a down payment of less than 20% of the property purchase price.  These are known as “high-ratio” mortgages.  Simply put, these mortgages are riskier for both the lender and b...

The solution for excessive debt: don’t bury your head in the sand


Embarrassment.  That is the most common emotion that keeps someone carrying too much debt from asking for help.  Granted,we can’t repress how we feel but at what cost? It’s not always blatantly obvious that we are carrying too much debt.  Many survive by ...

Did you know 26 Million Canadians carry some form of debt.


Transunion reported earlier this month that that 26 million Canadians have some form of debt.  That’s more than 70% of the entire population (including all children who can’t even contract debt!).  Transunion also estimates that bankruptcies would more th...

Should I consider getting a debt consolidation loan to pay my credit card debt


I have been carrying credit card debt for some time now.  For the most part, I make the minimum payments on time every month and pay more if I can afford to.  The problem is that interest eats up most of my payments and the balance keeps going up.  Should...

What will happen to my business if I file a consumer proposal?


In past columns, we’ve discussed several cases where consumer proposals are a practical way to offer a fair settlement to creditors.  If you are a business owner, you may be wondering what will happen to your business if you decide to file a consumer prop...