The Debt.ca blog
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News & CommentaryThe New Normal: Expert Insights As Canada Emerges From The Pandemic
As Canada emerges from the pandemic, its various industries are spinning back up, hoping beyond hope that their businesses not only recover but come…
Taxes & BenefitsWhat To Do If You Haven’t Filed Taxes In 10 years
Many Canadians dread tax time. Tax season takes an emotional toll on us, as it increases strain on relationships, and instills fear of government.…
Loans & CreditHow Credit Card Debt Can Affect Mortgage Applications
Debt is universal. Most people experience some sort of debt in their lifetime. A significant number of Canadians experience outstanding debt, whether…
Housing & MortgagesCan Mortgage Be Deducted from Rental Income?
Real estate is still one of the best investments in Canada, even now in 2021. With so many forms of investment, real estate gives people the…
News & CommentaryDebt Quotes for Someone Who Owes You Money
Many people don’t know the basics of responsible spending. As a result, they plunge themselves into debt, which is a huge problem for many right now.…
Budgeting & MoneyYour Debt-to-Income Ratio Explained
Debt-to-income ratios are commonly used in the personal finance industry in Canada. The ratio assesses one’s ability to manage and repay debts. You…
Taxes & BenefitsPractical Canadian Tax Tips in 2021
With the 2021 tax season in full swing, we thought it would be the perfect time to share some tax tips. In this article, we’ll look at ways to boost…
Debt RepaymentShould you borrow from your life insurance to pay off debt?
Most of us have found ourselves in a financial jam at some point in our lives. If you’re looking for a loan, consider looking at your life insurance…
Credit HealthCredit Recovery: How to Rebuild Credit
A credit score may be only three numbers long, but it can nonetheless affect your life in big ways. As important as it is, not all of us have had the…
Loans & CreditA Guide to How Small Business Loans Work
Knowing how small business loans work is critical for any entrepreneur. Canada had 1,200,571 small businesses with 1-99 employees in…
Credit HealthHow long does it take to rebuild credit?
Credit is a necessary tool that helps you manage many common life tasks, such as paying for a car, affording a house, financing a business, and more.…
Loans & CreditThe Best Banks for Small Business
Finding banks for small business operations is essential. Running a small business requires one to open a business account. There are bank services…
Credit HealthWhat are the Effects of Forbearance on my Credit Score?
Forbearance is when a lender and borrower have a special agreement to suspend or reduce your debt's monthly payments. To keep the record straight, it…
News & CommentaryOrderly Payment of Debts, A Bankruptcy Alternative
Folks who have debt problems consider various debt-relief options to overcome their financial situation. Most people in debt will likely think of…
News & CommentaryMoney Mentors: Personal Finance Advice
Money mentors or money coaches can help provide you with the education on financial matters. If there’s anything you don’t understand about personal…
Taxes & BenefitsChanges to the First-Time Homebuyer Incentive Make it More Useful in Big Canadian Cities
Buying a home in Canada doesn’t come cheap these days, especially in Canada’s most costly real estate markets. The good news is that help is on the…
News & CommentaryWhat is Unsecured Debt in Canada?
Do you know the difference between secured debt and unsecured debt? Everyone is probably familiar with the concept of debt. You borrow money that…
Budgeting & MoneyThe FIRE Movement: Retire Early?
The Financial Independence Retire Early ( FIRE ) movement is a personal finance model. It originated from the 1992 best-selling book “Your Money or…
- Debt Relief
Preferred Creditors of the Bankruptcy and Insolvency Act
BIA s.136 (Section 136 of the Bankruptcy and Insolvency Act) specifies the repayment hierarchy of preferred creditors. Every class of creditor will…
Debt ReliefOptions to Consider If You Want to Pay Off Your Consumer Proposal Early
People who have high-interest debts often apply for a consumer proposal to extend the period of their debt repayment or reduce the amount of what…
Debt ReliefAlternatives to Declaring Business Bankruptcy
There are several options for you when you want to solve the debt problem of your business, and some people resort to filing for bankruptcy in Canada…
Debt ReliefHow to Avoid Debt Settlement Scams
Managing debt is hard enough without having to avoid debt settlement scams. The fact that you’re having a hard time paying your debts should be a…
Debt RepaymentPaying Off Canadian Debt While Living in the USA
As a Canadian citizen thinking of relocating to the USA, it is always advisable to get your finances in order before finalizing the move. It may be…
Housing & MortgagesWhy Smart Renting Is The Key To Avoiding Debt
Smart renting, in this context, is the act of maximizing the benefits of renting a home or apartment. As many house prices continue to rise, and…