If you’ve lost your tax receipts or didn’t save them, filing taxes late may seem reasonable but it can cause you more harm than good. The 2017-2018 tax deadline is April 30 for personal taxes and June 15 for self-employed workers (i.e. sole proprietors and contractors). If you find yourself in a situation where you have
Knowledge is power, and that is particularly true when it comes to your personal finances. If you’re struggling to manage debt or want to save for a large purchase but can’t seem to find the money, the best way to get started is to take stock of your current situation. That’s where a personal budget
It’s no secret that interest rates have been on the rise in Canada. In 2017, for the first time in seven years, the Bank of Canada (BOC) increased interest rates by 0.5 per cent, going to 1 per cent. On January 17, 2018 the BOC increased its key rate by another 0.25 per cent. Experts
Filing taxes late can be very… taxing. If you’re considering a delinquent tax return, it could mean fines, penalties, and increased costs from CRA. As the 2017-2018 tax deadline nears in Canada, it’s a good time to take stock of your financial standing. April 30 is the deadline for most Canadians, and June 15 for
The start of 2018 isn’t only bringing in a new year — for Canadians, it’s also bringing in new mortgage rules. In October of 2017, the Office of the Superintendent of Financial Institutions (OSFI) put new mortgage rules in place. The big one is a new mortgage stress test for uninsured mortgages. Those with a
If the only thing you have in your budget to spend this Valentine’s Day is time with your significant other, you’re in luck. There are plenty of ways to make February 14 the most romantic day ever without spending a dime. If you’re spending Valentine’s Day in Toronto, here are five free activities you can
For those struggling with debt, the struggle just became that much harder. The Bank of Canada interest rate increased again on January 17, 2018, going up to 1.25% — the highest it’s been in nine years. BOC interest rate hikes started in July of 2017 when the rate went from 0.5% to 0.75%. It increased
A common fear about using Bankruptcy services is the effect it will have on your job. If this fear is holding you back from taking action, rest assured: there is no notification sent to your employer (except to terminate existing garnishments being deducted from your wages, if applicable), and therefore, in most cases your boss
When it comes to resolving personal debt, Bankruptcy is not usually the preferred option, but at times, it may be the most prudent. It offers relief from unmanageable debt that may have been growing for years, allowing you a chance to wipe the slate clean and start fresh.
When it comes to pursuing outstanding debt, creditors are given a small amount of leeway. Unfortunately, not all collection companies respect the limitations, and some like to push the boundaries in an attempt to apply additional pressure to their debtors.