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Debt Consolidation vs Bankruptcy

By Debt.ca on July 2, 2020

When it comes to debt consolidation vs bankruptcy, the two differ in many ways. A rough economy can temp one to declare bankruptcy if you have large debts. After all, once you’ve declared bankruptcy, your creditors can no longer pursue you for the amounts you owe. However, bankruptcy can also have negative consequences. Filing for…

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First time home buyer Incentive

First time home buyer Incentive

By Sean on June 16, 2020

Are you a first-time home buyer looking to purchase a home in the near future? You may have heard of and be familiar with the First-Time Home Buyer Incentive (FTHBI). The FTHBI is a government program designed to help those buying a home for the first time. In this article, we’ll look at what the…

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Get Your Personal Finances on Track

By Debt.ca on June 11, 2020

If you want to get your personal finances on track, it takes time and guts. You must put effort into setting up a system that will work for you. Come to terms with all the debt you’re carrying and your poor money habits. Studies show that money is one of the most significant stressors in…

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Cheap gifts such as cupcakes, mugs, and neck tie for dad on Father's day

Cheap Gifts for Dad on Father’s Day

By Debt.ca on June 9, 2020

Are you all set on gifts for dad on Father’s Day? Father’s Day is coming up on June 21st. Are you prepared? With the current COVID-19 pandemic, money is tight around a lot of Canadian households these days. Luckily, you don’t have to spend a bundle to put a smile on dad’s face. Here are…

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CMHC Mortgage Rule Changes

CMHC Mortgage Rule Changes

By Sean on June 8, 2020

There are many CMHC mortgage rule changes that have the potential to affect many Canadians. The Canada Mortgage and Housing Corporation (CMHC) recently announced many vital changes that could affect those currently looking for a home. The crown corporation is banning borrowed down payments. It’s also increasing its minimum required credit score and lowering its…

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Banks Helping People During Coronavirus

Banks Helping People During Coronavirus

By Debt.ca on June 2, 2020

If you didn’t know, there are banks helping people during coronavirus and the difficult times right now. The COVID-19 pandemic is having a bad effect on Canadians. Many businesses have had to shut down. And many workers have lost their jobs. That means there are millions of Canadians that are seeing less income. But bills…

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Should You Invest In Your RRSP Or Pay Off Debt

Should You Invest In Your RRSP Or Pay Off Debt?

By Debt.ca on June 1, 2020

Should you invest in your RRSP or pay off debt? This is one of the most common financial decisions faced by Canadian these days. Unfortunately, there isn’t a one size fits all approach. Whether you should invest in your Registered Retirement Savings Plan or pay off debt largely depends on how much debt you have,…

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Simple Ways to Pay Down Your Mortgage Sooner

By Sean on May 28, 2020

Are you interested in investing in real estate? Unless you can afford to pay for a property in cash, you’ll need to take out a mortgage. For many Canadians, the dream is to be mortgage-free by retirement. But what if you could pay down your mortgage a lot sooner? Once you have high-interest debt like…

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Enhanced Powers for the Financial Consumer Agency of Canada

By Debt.ca on May 26, 2020

The newly enhanced powers for the Financial Consumer Agency of Canada have been underway since April 2020. The Financial Consumer Agency of Canada (FCAC) is an independent federal regulatory agency. Its mandate is to help protect Canadian consumers and inform them about financial products and services. It’s responsible for enforcing consumer protection legislation and ensuring…

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How to Prepare for a Financial Crisis

How to Prepare for a Financial Crisis

By Debt.ca Staff on May 26, 2020

Have you ever thought about how to prepare for a financial crisis? If you’ve experienced one at some point in your life you probably have. In this article, we’re going to look at how to prepare for a financial crisis. We’ll look at the importance of being prepared for one and ways to get by….

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