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.
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5 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.
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The 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.
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Understanding 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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What to Do After Divorce: Tips for Starting Over Financially
Although it may not seem like it now, divorce is an opportunity to take control of your finances and achieve financial independence as quickly as possible. The sooner you put your money house in order after divorce, the sooner you can start afresh with a clean financial slate. Here are some strategies on what to do after divorce financially so that you can thrive even in this difficult time in your life.
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How to Make the Most of Your Money
If you want to get on the right track to financial health and stability, but keep seeing your money going down the drain, then read the following 4 tips to make the most of your money.
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Healthy Financial Habits
Spending your money on things that you want can be pretty tempting — but it can also leave you with empty pockets and a long credit card statement. Below are a few healthy financial habits to curb that urge to spend.
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How to Build an Emergency Fund
If you’ve ever found yourself in a sticky financial situation in which you were forced to dip into your credit because of unexpected expenses, then you should consider building an emergency fund.
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How to Prepare for a Recession
‘Recession’ seems to be the buzzword of the last couple of years, but what exactly is a recession and how can you protect yourself in case a recession occurs?
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Debt Settlement: What Percentage Should You Offer?
A debt settlement is a negotiation between you and your creditors that will allow you to pay off only a portion of your debt. Although this process may seem simple enough at face value, there are some intricacies that go along with it. Here’s everything you need to know.
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