By Sean Cooper for Debt.ca With the 2021 tax season in full swing, we thought it would be the perfect time to share some tax tips. …

By JOE TORRACA for Debt.ca 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. To qualify for credit, you must have a decent credit rating, or credit score. Credit bureaus determine your…

By Debt.ca Knowing how small business loans work is critical for any entrepreneur. Canada had 1,200,571 small businesses with 1–99 employees in 2019. With more than 99% of agriculture, forestry, fishing and hunting, real estate, and professional and scientific services being small businesses, it’s clear that Canada’s economy is significantly…

By DEBT.CA Finding banks for small business operations is essential. Running a small business requires one to open a business account. There are bank services that can help you manage your business finances (as separate from your personal finances) and grow your business. Nowadays, you can find many banks that offer a…

By Debt.ca 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 isn’t debt forgiveness per se. …

By Debt.ca Many Canadians fall victim to scams and fraudulent activities. The Canadian Anti-Fraud Centre (CAFC) recorded more than 46,000 reports from Canadian citizens who have been victims of fraud, with an estimated $98 million of financial loss reported by 19,285 victims. Criminals who carry out frauds and scams will…

By Joe Torraca for Debt.ca 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 way. …

By DEBT.CA on JANUARY 18, 2021 The Financial Independence Retire Early (FIRE) movement is a personal finance model. It originated from the 1992 best-selling book “Your Money, Your Life” by Joe Dominguez and Vicki Robin. The movement’s main premise is that you should live a frugal lifestyle for early retirement…

By Debt.ca 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 they owe. This debt relief option is administered by a Licensed Insolvency Trustee, who helps you develop a proposal or offer to your…