3 Tax Debt Relief Options: Dealing with the Canada Revenue Agency
Do you owe taxes that you are unable to pay? Debt happens to everyone but owing money to the CRA can cause significant stress. What makes it worse, is the power that CRA force on you to collect on these
Bankruptcy Exemptions: Provincial Asset Exemptions in Canada
What assets are protected or exempt? Bankruptcy Asset Exemptions in Canada Many believe that when you file for bankruptcy, you lose ‘EVERYTHING’. However, this is not the case. Each province and territory in Canada has it’s own exemption list which
Which Canadian Debt Relief Program Can Help Me Eliminate My Debt?
Are you dealing with financial hardship and struggling to pay your bills every month? It doesn’t have to be this way. There are various Canadian debt relief programs that can help you get rid of your debt. But with so
Retirement Planning Tools: Old Age Security (OAS), RRSP’s & Pension Plans
The Old Age Security (“OAS”) benefit is the principal component of Canada’s public retirement social security system. The OAS program provides a base income which allows individuals to supplement their income from other sources including: Canada Pension Plan (“CPP”) /
Canadian Inflation Rates – How To Protect Against Hyperinflation & Avoid Debt
Are you ever surprised by the cost of your groceries when you go to check out? Do you do a double-take when you see the rising cost of home prices? Do you question the barista when you hear the price
Debt Services for Canadians: How a Licensed Insolvency Trustee Can Help You Take Control of Your Debt
Got debt? A Licensed Insolvency Trustee can guide you through the debt services available and help you decide which debt solution is right for you. From credit counselling, to consumer proposals, and bankruptcy, a Licensed Insolvency Trustee can help you get out of debt.
How Will Filing a Consumer Proposal Affect My Spouse?
Thinking about filing for a Consumer Proposal and wondering how it may affect your spouse? A Licensed Insolvency Trustee can explain how your spouse may be impacted and provide advice on the best way to move forward.
Monthly Budget Template – Budgeting Made Easy
What is a budget plan? Your budget plan (or spending plan) is the method you use to make sure that expenses do not exceed income, and that future commitments can be met. Although rarely “fun”, it is certainly satisfying when
Is a Home Equity Line of Credit (HELOC) a Good Way to Get Out of Debt?
If you’ve been hearing that Home Equity Line of Credit (HELOC) is the greatest thing ever, it’s because banks love them. There are three things that lenders count on when they offer you a home equity line of credit. You
Is Covid Debt Piling Up in the Maritimes?
At first glance, it may seem like we fared pretty well during COVID in the Maritimes. Insolvencies took a drastic nose-dive during the mid to later part of 2020 as many Maritimers hunkered down in their homes to weather the
Is a Division I Proposal Right for You?
Are you struggling to pay off your debt? Do you feel overwhelmed by creditors constantly asking you for money? With over half of Canadian households reporting to be $200 or less away from insolvency, you are not alone. If you
A Winnipeg Manitoba LIT’s Journey
Back in 2001 LCTaylor’s Managing Partner Jillian Taylor-Mancusi interned in the Maritimes with the Licensed Insolvency Trustee firm, Allan Marshall & Associates. In this interview, Allan Marshall’s Managing Partner, Scott Marshall asks Jillian about the time she spent there and