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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%

Have you heard or read the phrase “no tax receipts, no problem”? It sounds too good to be true, right? Unfortunately, that’s because it is. Many people fail to file their personal taxes on time because they don’t have all of their tax receipts. Often, they assume that they can’t be assessed until they file.

Rising mortgage rates are top of mind for many Canadians in 2018, and if you’re already in debt, increasing interest rates can be particularly worrisome. Since July of 2017, the Bank of Canada has increased Canadian interest rates from 0.5% to 1.25%. While this is still a relatively low interest rate in historical terms, the

In 2016, “Tara” divorced her husband. But what she didn’t separate from was their joint debt. During their marriage, Tara’s ex-husband David had taken on more and more debt, even opening credit cards in Tara’s name and one credit card where he was the secondary cardholder, but Tara was the primary. The cards paid for

The self-employed tax deadline for the 2017 year is approaching on June 15, 2018. Are you prepared? Even though the deadline for sole proprietors to file is June 15, it is better to file earlier as the Canada Revenue Agency (CRA) can start applying interest to any amount you owe beginning after April 30. If