Debt Blog, Debt Advice & Tips for Canadians

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Enhanced Powers for the Financial Consumer Agency of Canada

By Debt.ca on May 26, 2020

The new 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 lifetime 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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DCA - Covid-19 Credit Card Payment Deferrals

Credit Card Payment Deferrals in Covid-19

By Debt.ca on May 13, 2020

Credit Card Payment Deferrals can benefit Canadians struggling to keep up with debt. Though benefits like rewards points make credit cards convenient, the list of advantages is quite short today. The coronavirus is making paying credit card bills difficult. Many Canadians are reeling from layoffs. Many businesses have also had to shut their doors. That…

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COVID-19 Mortgage Deferral

COVID-19 Mortgage Deferral

By Debt.ca on May 7, 2020

If you are struggling with finances right now, a COVID-19 mortgage deferral plan may play a critical role in keeping your family afloat. The COVID-19 pandemic is causing a lot of financial distress for Canadians. Many businesses have had to shut their doors. Many workers have lost their jobs due to COVID-19. That means there…

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Covid-19 Tax Changes

Covid-19 Tax Changes

By Debt.ca on May 4, 2020

Are you aware of the COVID-19 tax changes in effect? We just passed tax season, and most people would have received their tax refund by now. Normally, that would have meant April 30, 2020 would be the deadline. Then, you would either collect your tax cheque, or prepare for the income tax payments you owe….

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COVID-19 Budgeting Tips

COVID-19 Budgeting Tips

By Debt.ca on April 28, 2020

Recently, many COVID-19 budgeting tips articles tout information that may sway the average consumer in the wrong direction. Budgeting during the coronavirus pandemic is actually a little different. Taking care of your ongoing fixed costs like mortgage and insurance can be difficult if you’re navigating a layoff. With restaurants and bars closing along with several…

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covid-19 mask

Do you need help paying bills through Coronavirus?

By Debt.ca on April 3, 2020

There’s no shame if you need help paying bills right now. With the coronavirus resulting in layoffs, there’s no surprise so many people need financial assistance. If you are currently having trouble paying your bills due to COVID-19, the Economic Response Plan can help. Local churches, the Salvation Army, and many other non-profit organizations have…

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Save money during COVID-19

Protect Your Finances through COVID-19

By Debt.ca on April 2, 2020

Having to protect your finances through COVID-19 can prove difficult when many companies are laying off employees. Financial difficulties are just one more thing to worry about when dealing with a pandemic of this proportion. Not only is the coronavirus a health crisis, but it is also a financial crisis. The good news is that…

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Stress Awareness Month 2020

Stress Awareness Month 2020

By Debt.ca Staff on March 30, 2020

Stress Awareness Month is an essential time in 2020. With all that’s going on in the world, it can be difficult navigating the Coronavirus, finances, and everything in between. Money is can be a source of stress from time to time. Even so, it’s important that you and your friends and family deal with stress now…

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Self-employment tax paper

Self-Employed Taxes for Small Business Owners

By Rubina Ahmed-Haq on March 30, 2020

If you have to file self-employed taxes this year, you may be confused with how they differ from personal taxes. Income tax season is already complicated enough. Not only do you have to file your tax return, but you must also submit the tax return for your business. Filing taxes for both may feel overwhelming,…

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