A Quick Guide to the Canada Workers Benefit
Dive into our quick guide on the Canada Workers Benefit (CWB) for 2023-24. Learn about the eligibility criteria, disability supplement, payment schedule, and claim process.
Debt
How to not go into debt this Christmas?
Home / Blog / Debt, Financial by Katie Weber It’s beginning to cost a lot like Christmas! While it is lovely to give and receive gifts, it can put a strain on anyone’s budget, especially this year. At the same time, it’s getting late to save for Christmas. You can avoid the holiday spending hangover …
Credit Score Myths
Home / Blog / Debt, Savings & Retirement Credit reports, credit scores, and everything associated with them can become overwhelming when figuring out fact and fiction. I can guarantee that my father still thinks some credit myths are facts because his father told him and so forth. Some are just so ingrained into us that …
New Covid Benefits Explained
Home / Blog / Debt, Financial Health, Savings & Retirement by Katie Weber 2020 has been a financial rollercoaster; with the ongoing global pandemic caused by COVID-19, Canadians have been affected in numerous ways. The most notable impact is how it has affected the financial circumstances of many Canadians. With growing unemployment rates, the Canadian …
Fear of Missing Out (FOMO) and Debt
The fear of missing out (FOMO) is massive now. A new Credit Karma survey of 1,050 Canadians aged 19-39 shows half of young adults have spent money they didn’t have and gone into debt in order to keep up with their peers.
How to Deal with Tax Debt
Home / Blog / Debtby Janet Doyle If you’re feeling overwhelmed by outstanding tax debts, you aren’t alone. In 2018, Canadians owed $43.8 billion in outstanding tax debt to the Canada Revenue Agency. The CRA has been working hard to collect the debt from Canadians, and the CRA’S ability to seize bank accounts, garnish wages, …
5 Reasons Why You are In Debt
Home / Blog / Debtby Janet Doyle It is July 31, 2019 and today the United States Federal Reserve dropped the US interest rate by .25%. To quote financial guru Gerald Celente: “Across the globe, central banks are pushing interest rates lower and governments are going deeper in debt as they shovel in more artificial …
Tips on Pension Garnishment for Seniors in Debt
Home / Blog / Debtby Janet Doyle If you’re a senior in debt, you’re not alone. According to a survey, the average Canadian senior carried $29,973 in debt and 30% of Canadians aged 55-70 were still working because they needed to. The Financial Planning Standards Council Foundation found that while 56% of Canadians had debt; …
Should I Withdraw From My RRSP to Pay Off Debt?
Home / Blog / Debt by Janet Doyle More Canadians are withdrawing from their RRSP’s to pay down their debts, but could they be saving more money? 40% of respondents polled by the Bank of Montreal (BMO) said they have made a withdrawal from their RRSP; the average withdrawal in 2017 was $20,952, almost 22 …
Money Issues in Marriage
Home / Blog / Financial, Debt by Janet Doyle After 20 years of helping people address their financial difficulties, we’ve seen a significant number of clients that have experienced marital breakup over money issues. While they may make the promise “for richer or for poorer”, finances are one of the top reasons couples seek marital …