A frozen bank account can be financially devastating and often comes as a complete surprise. If your bank account is frozen, here’s what you need to know. There are typically three situations in which your bank account can be frozen. These are: By the Canada Revenue Agency (CRA). The CRA does not need to go
It can be a nightmare situation — you’re in debt and you’re hit with a job loss. Figuring out how to get out of debt can be difficult while you have a job, and the problem is magnified when you’re unemployed. So, what can you do? Don’t panic — you have options. If you’re unemployed
Payday loans can seem like a great option for quick cash — an advance on your paycheque or regular income payment seems almost too good to be true… and that’s because it often is. When you look closer at payday loans, they’re actually quite shocking. Payday lenders must have a license to operate in Ontario.
One of the great myths of financial health is that if you’re making the minimum payments on your credit cards or other debt, you have “good” credit. Unfortunately, this isn’t always true. Your credit score is based on a number of factors. A few things that can negatively impact your credit score big time are:
On July 11, 2018, the predicted Bank of Canada interest rate increase came true. The Bank of Canada (BOC) announced that interest rates are going up to 1.5%. This is the fourth time interest rates have risen in a year. They first rose from 0.5% to 0.75% in July of 2017, then to 1% in
Whether you’re trying to get out of debt or want to save money for a big-ticket purchase, finding local and affordable family activities is a must if you have kids. Luckily if you’re in the Greater Toronto Area, there’s no shortage of budget-friendly fun to be found in 2018. If you’d like to do something
Happy Canada Day from all of us at Fuller Landau Debt Solutions! We hope you enjoy the day spent with family and friends celebrating our country and home. Have a fantastic holiday!
June 15, 2018 has come and gone, and with it the small business tax deadline for the 2017 tax year. But if you missed it, that doesn’t mean you can wait another year to file. Filing taxes after the self-employed tax deadline isn’t advisable (it’s really best to file before the deadline), but it’s better
Wage garnishments are a nightmare for many people, but with a little knowledge, you can find a way out of the darkness. First, what is a wage garnishment? In Canada, there are three types of wage garnishments: Canada Revenue Agency (CRA) A CRA garnishment can take up to 50% of your employment earnings and 100%