Debt Blog, Debt Advice & Tips for Canadians

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The Importance of Hiring a Tax Resolution Firm

By Debt.ca on November 30, 2020

Hiring a tax resolution firm can help you if you have tax issues. It’s indeed intimidating to receive phone calls from the Canada Revenue Agency about your taxes. The CRA has powers to levy fines or put a tax delinquent in prison for failing to pay taxes. From 2012 to 2017, there are already 408…

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Mobile Security Tips to Secure Data When Using Money Apps

By Debt.ca on November 26, 2020

According to 75% of mobile experts in Canada, mobile security and privacy are among the top concerns today, especially when people use mobile banking apps for money transactions. A lot of money apps can access highly sensitive personal information, such as your location, bank transactions, and banking details. If you fail to make your device…

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Boy And Elderly Grandfather Putting Coin Into Piggy Bank Talking About Value Of Money

The Benefits of Teaching Financial Literacy to the Youth

By Debt.ca on November 18, 2020

Teaching financial literacy is important. And it’s wrong to think that financial literacy should only be taught exclusively to adults. Teaching kids financial literacy is also crucial because it allows them to know the importance of money and in making the right financial decisions in the future. In light of the ever-expanding consumer debt in…

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Close-up of businesswoman using digital tablet to work with financial data

Things You Need to Consider When Sharing Your Financial Data

By Debt.ca on November 16, 2020

Sharing financial data is a common practice for companies and institutions offering financial services. That’s why there are some things you should consider when sharing your financial data. Organisations share pieces of information from your credit cards, loans, bank accounts, and other financial accounts. They are crucial to support various types of functions, such as:…

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Tips To Pay Off Your Credit Card Debt in Canada

By Debt.ca on November 13, 2020

A debt free financial life is requires you to pay off your credit card debt. It’s a dream for everyone. Not only in Canada, but in all parts of the world. You feel good when you know you don’t owe anyone money. Yet this is a difficult position to attain in today’s challenging life. In…

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Why Credit Card Interest Rates are High

By Debt.ca on November 10, 2020

Today you can get a 5-year fixed-rate mortgage for under 3 per cent and a secured line of credit for as little as 3 per cent, so why are credit card interest rates still so outrageous? With a typical interest rate of 18 per cent, credit cards are one of the most expensive forms of…

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Important Terms to Know in Your Credit Card Agreement

By Debt.ca on November 4, 2020

Do you understand the credit card agreement you’re getting into before you sign up? A lot of people see their credit card as a license to spend. However, a credit card comes with a lot of responsibility. You should strive to always pay off your balance in full and never incur interest charges. You can…

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A book and calculator for financial literacy

Canada’s Financial Literacy Month

By Debt.ca on October 30, 2020

November is Financial Literacy Month in Canada. This year is the 10th anniversary of this initiative. Various non-profit organizations and community groups partner with the Financial Consumer Agency of Canada (FCAC). In this effort, they all encourage Canadians to improve their financial well-being. Throughout the month, there are national events to educate the public about…

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Man thinking about Bankruptcy and Insolvency

Bankruptcies and Insolvencies – Experts Weigh In On Canada’s Financial Future

By Steve Horton on October 28, 2020

Most people don’t think they’ll ever have to file for bankruptcy. That is until they’ve become so deep in debt that it’s virtually the only thing they can think of to address their money issues. The country is experiencing lower numbers of bankruptcies and insolvencies this year, and we’re curious to know why.  Fortunately, Debt.ca…

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mortgage interest rates

How Lenders Price Mortgage Rates

By Debt.ca on October 28, 2020

Have you ever been at a barbecue and heard the great mortgage rate your neighbours got and wondered why you don’t qualify for the same great rate? There are several factors that affect how lenders price mortgage rates. Of course, it’s different for everyone. In this article, we’ll look at each of the factors that…

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