Home / Blog / Financial by Marc Rouleau 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, thousands of families […]
What would you do if your only source of income was cutoff? Read More »
Home / Blog / Financialby Marc Rouleau 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 the store, calculate
Home / Blog / Mortgage, Financial by Marc Rouleau 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 borrower if things go sideways.
Are the new mortgage rules requiring a “stress test” a good idea? Read More »
Home / Blog / Debt, Financial, Savings by Marc Rouleau 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 living pay cheque to pay
The solution for excessive debt: don’t bury your head in the sand Read More »
Home / Blog / Debt, Financialby Marc Rouleau 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 than double if interest rates increased by 1% point. In other
Did you know 26 Million Canadians carry some form of debt. Read More »
Home / Blog / Debt, Financial 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 I consider
Should I consider getting a debt consolidation loan to pay my credit card debt Read More »
Home / Blog / Consumer Proposal, Financial 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 proposal. Will you lose
What will happen to my business if I file a consumer proposal? Read More »
Home / Blog / Debt The 2016 Summer Olympics just ended. The overwhelming theme heard during Olympic athlete interviews s is that they could not have reached this level of competition without the support of family, friends and world class coaching. The support is even more important in moments when they failed, were injured or did not
Who will listen to me if I have questions about excessive debt Read More »
Home / Blog / Financial, Savings Everyone needs a car. That’s what the car manufacturers and dealers would like us to believe. Truth is, there are more people getting along just fine without one. However, many rely on their own vehicle to get to work, run errands or travel to visit family and friends. The tricky part is figuring
Financing your next car: what can you afford? Read More »
Home / Blog / Debt, Financial Debt reduction: a recent survey conducted by a major Canadian bank found that to be the #1 priority for the vast majority of individuals. We often read reports in newspapers, magazines and online that the average Canadian is carrying too much debt in relation to income earned. Those are the findings. What
Why should everyone have access to a debt reduction calculator? Read More »
