Equifax Canada recently conducted a consumer survey that sheds light on the financial worries of Canadians as we approach Financial Literacy Month in November. The survey reveals a range of concerns, including the ability to pay bills on time, manage debt, and protect personal financial data.
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Breaking the Taboo: Discussing Mental Health in Financial Planning
In an increasingly complex and interconnected world, discussions around mental health have become more open and necessary. However, there’s one area where the conversation is often overlooked or shrouded in stigma: financial planning. Just as mental health plays a vital role in our overall well-being, it significantly impacts our financial decisions and behaviours.
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When Debt Becomes Overwhelming: Signs that Bankruptcy May Be the Right Choice
Debt can be a heavy burden that weighs down individuals and businesses alike. Sometimes, despite our best efforts, financial challenges can become overwhelming, making it necessary to explore options such as bankruptcy.
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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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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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Planning for Retirement
After working extra hard to earn money in order to live comfortably, the one thing everyone looks forward to is retirement. So the last thing you want is to reach retirement age only to find out that you won’t be able to make ends meet living the way you want to. That’s why below you’ll find tips and tricks on how to plan for retirement so that you can live the retirement life of your dreams.
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Protecting Yourself from Financial Fraud
In the last year, many Canadians were faced with overwhelming financial difficulties. It is therefore especially important that you protect your personal information so that you avoid finding yourself in an even more dire situation. In this current economic climate, the risk of your personal or financial information being stolen is unfortunately higher than ever. Below, you’ll find the various ways in which fraudsters can steal your personal information, so that you can protect yourself from their greed.
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Beware of debt after retirement!
Not everything is rosy in retirement, proof of this is that seniors are increasingly in debt. Since 2010, people 65 and over have been the group that has grown the most among clients who have come to us for insolvency issues. But what are the causes of these growing difficulties?
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Consumer Proposals on the rise in Quebec in 2015
The Office of the Superintendent of Bankruptcy issued last month the Insolvency Statistics for Canada in 2015 and the figure that gets immediately noticed is the increase in consumer proposals in Quebec by 12% compared to 2014.
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