The Debt.ca blog
Page 11 of 17
Taxes & BenefitsThe Canada Worker Lockdown Benefit
CWLB ended on May 7, 2022. As we approach the end of 2021, Canada is on its way to economic recovery, with employment now back to pre-pandemic…
Debt RepaymentDebt Prioritization: Which Debt should I Pay Off First?
One financial storyline that emerged from the past 18 months was the ability of Canadians to pay off high-interest debt. As a result, debt…
Budgeting & MoneyThe Gig Economy - Get a Gig to Get out of Debt
Debt is rising in Canada, with the average Canadian owing about $1.70 for every $1 of disposable income. Low-interest rates encouraged a steady rise…
Budgeting & MoneyCanada's Financial Literacy Month
November is Financial Literacy Month in Canada. Various non-profit organizations and community groups partner with the Financial Consumer Agency of…
Budgeting & MoneyMaking A Budget - How To Cut Costs While Saving Money
Making a budget and sticking to it can be one of the most difficult parts of paying off debt. It entails doing some heavy research into your own…
Budgeting & MoneyLooking for Cheap Hobbies And Free Activities?
You know being in debt is incredibly stressful. While you’re doing everything you can to get out, it’s important to stay healthy and active. Adopting…
Loans & CreditLine of Credit: Protecting Yourself from a Financial Emergency
Experiencing a financial emergency can be a harrowing experience. But it happens, especially nowadays. What can you do when paying interest on debt…
Budgeting & MoneyFinancial Infidelity and How to Overcome It
What is financial infidelity? Financial infidelity consists of hiding credit card purchases and other debts. It can even go as far as creating secret…
Debt ReliefCredit Counselling vs Consumer Proposal
According to Statistics Canada , only 30.2% of Canadians are living debt-free. The remaining 69.8% owe about $79,000 per household in total…
Budgeting & MoneyHow to Reduce your Food Budget
Savvy shoppers are always looking for valid food budget tips. And who could blame them? According to Canada’s Food Price Report 2021 , annual…
Credit HealthCredit Ratings Explained
Credit is something many of us take for granted. If you have good credit, you should have no problem borrowing money from financial institutions at…
Credit HealthDoes owing to CRA affect your credit score?
Income taxes are a large financial obligation. Every individual files taxes every year. Some owe taxes. Some get a refund. If you own a business, you…
News & CommentaryThe 7 Best Personal Finance Books
Reading is good for your health. The benefits of reading books are abundant, heightened ability to empathize, cognitive decline prevention, lowered…
Loans & CreditCan debt consolidation help with payday loans?
If you’re looking for a loan these days, you have many options. There are thousands of bank branches across the country that offer lines of credit,…
Debt RepaymentHow To Dispute Debt Collectors and How to Approach Them
When dealing with a debt collector , it’s easy to feel anxious every time the phone rings. In fact, that stress contributes to debt denial, which…
Loans & CreditUnemployed Debt Consolidation Loans Explained
For one reason or another, unemployment affects many people at some point in time in their lives. At the moment, the unemployment rate in Canada is…
Budgeting & MoneyMoney Management - Make Your Money Count
Life is better when you’re on top of your finances. You feel more confident, secure, and relaxed when you’re not worried about money. Good financial…
Debt RepaymentWhat is the Snowball Method to Paying Down Debt?
Learn about the snowball method, one of the most effective techniques to paying off different kinds of debt with different interest rates.
Housing & MortgagesWhat is Foreclosure?
Millionaires still advise that real estate is the best investment. Even in a global pandemic, people continue to purchase homes. Just in 2021,…
News & CommentaryHow much debt does Canada have?
Canada’s debt has grown significantly in recent years. However, the most important thing to understand is that “debt” means different things…
Loans & CreditAPR vs Interest Rate - Knowing The Differences
At some point in life, most individuals rely on financing or credit. Certain life goals, such as buying a house or a car, are too expensive to…
News & CommentaryDebt After Death - Planning and Considerations
Debt is common across Canada. Canadians have a variety of debt, including mortgage debt, credit card debt, student loan debt, and more. Canadian debt…
Loans & CreditCan I Get a Car Loan After Bankruptcy?
Bankruptcy is a legal process that people undergo, often as a last resort when they cannot meet their debt obligations. The process relieves the…
Debt ReliefBankruptcy vs Default - The Differences Between Them
When it comes to bankruptcy vs default, many Canadians don't know the difference between them. Many of us carry debt and struggle to pay it fully or…