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Hamilton (905) 769-2005

Two national trends could mean big trouble for the average Canadian consumer’s wallet. The Bank of Canada interest rate increases, and Record-high Canadian gas prices. Let’s break those down further. Canadian Interest Rates Since July 2017, the Bank of Canada has increased interest rates from 0.5% to 1.5%. The 1.5% interest rate is the highest

One of the most frequent business tax challenges we hear about is falling behind on filing HST returns. If you’re filing HST returns late, here are four facts you need to know: If you earn more than $30,000 of self-employed income, you must collect, file, and remit HST to the Canada Revenue Agency. There are

Rising interest rates are a front-of-mind topic for most Canadians. Not only can increased rates affect unsecured consumer household debt — like credit cards, some lines of credit, and old bills — but it can also affect secured debts — like your mortgage renewal. On July 11, 2018, the Bank of Canada increased interest rates

Classes are back in session in just a couple of weeks — have you started your back-to-school budget planning yet? According to the Survey of Household Spending from Statistics Canada, the average household spent $1,502 on education in 2014, including tuition fees, education services (such as tutoring), textbooks, and school supplies. An Angus-Reid poll found

Perhaps you’re familiar with the theory that the biggest causes of divorce are infidelity and money problems. While this is hard to prove, divorce and debt is a major factor that must be taken into consideration when considering ending a marriage. The Vanier Institute of the Family estimated in 2013 that 41% of marriages in

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