The Debt.ca blog
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Budgeting & MoneyFinancial Anxiety - What Is It and Tips for Managing it.
It’s one thing to worry about money enough to motivate you to stick to your budget. It’s a whole other thing to deal with financial anxiety that…
Loans & CreditThe Risks of Buy Now, Pay Later in Canada
Buy now, pay later (BNPL) is making waves in Canada. It's a tempting option for consumers who want or need an item but don't have the cash to pay for…
Budgeting & MoneyHow to Spend so You’re Saving Money
Digging out of debt is a big, necessary commitment. It feels like you’ll never be allowed to spend another dollar. Not to worry! Spending is a part…
Budgeting & MoneyMoney Lessons From Dad
Just ahead of Father’s Day we wanted to take a moment to celebrate all things dad! Dads aren’t only known for their good (okay eye-rolling) jokes.…
Budgeting & MoneyImpulse Buying: Cause and Effect
Spending money is a huge part of our economy. You work to earn money and then spend it on bills, make day-to-day purchases, and save some. Ideally,…
Budgeting & MoneyIs More Education Worth it? Do College Graduates Earn More?
Starting a career? You have an important decision to make: Should I get a college or university education? Or should I just get a job and see where…
Budgeting & MoneyIs a Side Hustle Right for Me?
You’re facing a pretty crappy situation. You have more month than money working your full-time day job. Credit cards helped at the beginning, but…
Budgeting & MoneyFind Relief from Debt by Turning Trash into Cash
As the saying goes, “One person’s trash is another person’s treasure.” Are you on a mission to get out of debt? Maybe you’re already budgeting and…
Budgeting & MoneyHow to Negotiate a Higher Starting Salary
If you've started a new job search, you are in one of the most powerful and important negotiating positions you'll ever be in. Starting salaries are…
Housing & MortgagesBorrowing Against Equity in your Home
Home equity is at an all-time high. Over the last couple of years, real estate prices have soared, sometimes as much as 30% compared to the previous…
Housing & MortgagesWhat is the Home Buyers' Plan?
It’s no secret that housing is a hot commodity in Canada. The housing market was booming even before the pandemic took it to record levels. For many,…
Credit HealthFraud Prevention Month - Protecting Your Assets and Personal Information
Many Canadians fall victim to scams and fraudulent activities. In 2021, the Canadian Anti-Fraud Centre (CAFC) recorded more than 106,000 reports of…
Credit HealthWhy Your Credit Score Matters in Retirement
Finally, retirement. Time to put your feet up, relax, and live off the money you've spent your life saving. For many, especially those reliant on…
Credit HealthWhy Insurance Companies Check Your Credit Score
If you're buying a house, car, or taking out a loan, you'd naturally expect a credit score check to be a part of the process. Many people are shocked…
Budgeting & MoneyEarning Money As A Teenager
A lot of people see earning money in a negative light. That's because many of us grew up with almost nothing in the way of education about money. We…
Taxes & BenefitsTax Brackets in Canada
Tax brackets for the 2025 tax year According to the Canada Revenue Agency, federal income tax rates are as follows: 14.5 percent on the first $57,375…
Budgeting & MoneyWhat To Do With A Financial Windfall
Most of us aren’t so lucky that we acquire a financial windfall very often. Any unexpected amount of money you get presents a bevy of opportunities.…
Taxes & BenefitsDisability Tax Credit
The disability tax credit (DTC) is a tax credit to help lessen the tax burden of those with a disability and their supporting person. In this…
Budgeting & MoneySetting a financial goal for the New Year
Setting a financial goal for the new year is very common and with good reason. A recent survey revealed that 77% of Canadians aren't able to cover an…
Debt RepaymentTackle Holiday Debt Now For A Clean Slate In 2022
Racking up holiday debt is easy. We know that. According to a recent survey from savings destination RetailMeNot.ca, the average Canadian spent…
Budgeting & MoneyHow Can Canadians Save Money During the Holidays?
Let’s be honest: it's hard to save money when the holiday season hits. However, we’re swiftly running out of disposable cash. But the pressures of…
Debt RepaymentCoping With Christmas In Debt
Having to spend Christmas in debt can be emotionally trying. There are a few occasions in our lives where much of our financial responsibility gets…
Taxes & BenefitsAre You Eligible for Employment Insurance?
Service Canada offers employment insurance benefits to Canadians who lose their working income. This financial relief is available for those…
Debt ReliefAssessment of an Individual Debtor
Canadians are seeking financial freedom and continuing to struggle. COVID came when personal debt was already at an all-time high. Shockingly,…