Failure to pay taxes can have significant consequences, not only for individuals but also for society at large. Below, we explore the consequences of unpaid taxes and the impact they have on individuals, businesses, and the economy.
Read moreHow a Business Proposal Can Help You Get Your Business Out of Debt
If you’re a business owner, you know that debt can quickly accumulate and become a serious problem for your company. If left unchecked, it can even lead to bankruptcy. However, there are solutions available to help you get your business out of debt, one of which is a business proposal.
Read moreVoluntary Deposit: Is There A Better Option?
Debts can be a major financial burden that affects many individuals and families. A voluntary deposit is an option for those who are struggling to manage their debts. Below, you’ll find everything you need to know about voluntary deposits, their advantages and disadvantages, how they are calculated, and whether there are better debt-relief options available.
Read moreThe Ins and Outs of Bankruptcy
Dealing with financial problems can be a challenging and stressful experience. If you are struggling to pay your bills, it may be time to consider your options. One potential option for people in financial distress is bankruptcy.
Read moreHow Insolvency Affects Your Credit
In Quebec, insolvency is a legal process that allows individuals and businesses to eliminate their debts and start fresh. However, this process has a significant impact on your credit score and credit history. Understanding how insolvency affects your credit score and credit history is crucial if you are considering this option.
Read moreExploring Alternatives to Commercial Bankruptcy
Bankruptcy is a tough reality for many businesses. It can seem like the only way to address debt and other financial issues, but there are alternatives to consider. With careful planning and a thorough understanding of the available options, it is possible to explore alternatives to commercial bankruptcy and create a sound financial future for your business.
Read moreEverything You Need to Know Before Filing for Commercial Bankruptcy
Filing for commercial bankruptcy is a difficult decision to make and one that should not be taken lightly. It can have long-term effects on your business, finances, and credit score, so it’s important to understand the process before making a decision.
Read more5 Signs You Need the Help of a Licensed Insolvency Trustee
If you’re struggling to make ends meet, it can be a sign that your financial situation has taken a turn for the worse. Financial difficulties can come with a cost; in fact, they often do. A Licensed Insolvency Trustee (LIT) offers invaluable assistance to people whose debts have gotten out of control and threaten to take them down with them. To discover whether you qualify for the services of a LIT, read these 5 signs that indicate you need the help of one.
Read moreThe CRA Is Seeking to Recover Over $3 Billion in Overpaid Benefits
The CRA is seeking to recover $3.2 billion in benefits that were overpaid during the Covid-19 pandemic. They have already sent out 825,000 notices to Canadian individuals and businesses who received either excess payments or who were ineligible to receive them. Here’s what to do if you received a notice of redetermination.
Read moreUnderstanding Quebec’s Bill 53 and the Impact of the Consumer Credit Lock
Quebec’s Bill 53 is a piece of legislation that was passed in 2020 with the intention of protecting Quebec consumers from identity theft and fraud. As of February 1st, 2023, consumers will be able to place a credit lock on their consumer report.
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