Category Archives for "Articles"

April 1, 2019

Budgeting for Bank Fees

It is the smaller items that can make the difference in our budgets but these are often dismissed or ignored. If you haven’t looked at your bank, credit card or investment statement recently, you should do so as bank fees are increasingly expensive and difficult to avoid. Here are 5 tips to reduce or eliminate […]

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April 1, 2019

Tax Compliance for the Self-Employed

It is that time of year when all self-employed persons should be preparing to meet with their accountants or reviewing their tax requirements. Failure to comply with tax deadlines may result in assessment of penalties and interest. Some key points to consider are: My Business Account. It is recommended that you register for My Business […]

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October 15, 2018

Merits and Consequences of Joint Debt

You may encounter situations where someone you know approaches you for assistance in obtaining a loan. It could be your own spouse, child or friend. If you have good credit, you may consider helping them. Before agreeing, you should consider the merits and consequences and investigate all options. It may be better overall for both […]

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February 26, 2018

Tax Tips

DO: Register for My Account and/or My Business Account with Canada Revenue Agency (“CRA”) to have on-line access to your tax slips, status of your refunds or balances owing, etc. You register by calling in to 1-800-959-8281, with a copy of a recent tax return or Notice of Assessment available to respond to queries to […]

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January 29, 2018

Purchasing a car after a bankruptcy or proposal

You may be faced with having to replace your vehicle after filing for bankruptcy or a proposal. If you have looked at other options and believe that you need to purchase a vehicle, the following tips may assist you with making your decision to obtaining a vehicle within your budget. It is easier to purchase […]

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September 29, 2017

Credit Card ABC’s

Credit cards are pre-authorized debt issued by a bank or finance company which must be paid back. It is a privilege granted to you and not a right. You can avoid interest charges on purchases if the full balance of purchases is paid back within the month. Benefits. Credit cards are convenient enabling you to […]

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August 15, 2017

Rebuilding Your Credit

Your credit rating is a factor that can impact not only your ability to obtain credit but also the cost of credit, and, in some cases, obtaining employment and renting an apartment or home. You can rebuild your credit rating, but it is a process that you have to work at and will take time. […]

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July 15, 2017

Foreclosure and Bankruptcy

When you are struggling with paying your debts and have missed one or more payments on the mortgage on your personal residence, you may be facing foreclosure. The foreclosure process may vary by province so the information below may not be accurate for provinces other than British Columbia. A missed payment on your mortgage is […]

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June 18, 2017

10 Tips for Self-Employed

Cash is key to the survival of any business. No matter how much equipment or assets you have in your business, you will not survive if you cannot pay your bills. As a self-employed contractor, you do not have the accounting or financial resources so readily available in a large corporation and therefore are directly […]

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