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Hamilton (905) 769-2005

Happy Holidays from all of us at Fuller Landau Debt Solutions! We hope you create amazing memories this season with your family and loved ones. As much as presents are appreciated, remember that it’s the gifts from the heart that are the most meaningful.  

The Bank of Canada interest rate won’t be changing for the rest of 2018. On December 5, 2018, the Bank of Canada (BOC) announced the overnight interest rate would be staying at 1.75% for the time being. The 1.75% rate came into effect on October 24, 2018. Factors in the BOC decision included: Oil price

General Motors (GM) has announced plans to lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure. This includes Canadian operations. In Canada, close to 3,000 jobs are being cut and the Oshawa GM plant is planned for closure. GM had 8,072 employees in Canada at the

Dealing with the Canada Revenue Agency (CRA) generally isn’t something you want to do alone. But how do you know if you need a tax lawyer or an accountant? We’re breaking down some common situations to help you decide. Court Hearings If you are going to court, you likely need a tax lawyer. Accountants can

Are you sending or receiving money through PayPal for your business accounts? If so, you’re likely on the Canada Revenue Agency’s radar. In late 2017, the Canada Revenue Agency (CRA) ordered PayPal to disclose information about PayPal Business account holders for any payments sent or received through PayPal between January 1, 2014 and November 21,

It’s commonly assumed that people with high incomes don’t need financial help, but that’s not always the case. A lot of the time, high-income earners have a higher cost-of-living, higher expenses, and higher debt. People with higher incomes tend to live in more expensive areas, have bigger mortgages, buy more expensive vehicles and luxury goods,

Accessing home equity is a popular debt consolidation method, but new Canadian mortgage regulations are making that more difficult to do. Under Canada’s new mortgage rules, homeowners who want to undertake mortgage refinancing must qualify according to higher stress-test rates, rather than the existing contractual mortgage rate. For example, say you bought a $400,000 home

As predicted, the Bank of Canada interest rate for October 2018 has gone up again — this time to 1.75%. Many economists saw this coming, particularly after the North American Free Trade Agreement (NAFTA) deal resolved. In fact, the new US-Mexico-Canada Agreement (USMCA) was one of the reasons the Bank of Canada (BOC) gave for

It is appearing increasingly likely that we will see another hike during the October 24 Bank of Canada (BOC) interest rate announcement. Since July of 2017, the BOC has increased Canadian interest rates four times, with the last increase being in July of 2018 when it hit 1.5%. The BOC maintained the 1.5% rate during

Halloween is one of the scariest times of year, but it shouldn’t strike fear into your wallet! According to Statistics Canada, nearly 4 million children were of trick-or-treating age in 2016. Candy, decorations, and Halloween parties can all add up, but there is one expense category that costs Canadians the most: costumes — even DIY