2025-07-11
How to prepare for your mortgage renewal in a high-rate environment
With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare.
2012-11-29
Yes, they are released in a bankruptcy, or consumer proposal for that matter.
Many people are confused about this issue primarily, I think, because they have read websites relating to bankruptcy proceedings in the USA where income tax debts are generally not released. In Canada all debts that a person owes are released in a bankruptcy with the exception of a very few specifically listed types of debts (alimony and child support, fines and penalties imposed by a court etc.). Income tax (and generally debts due to the government) are not specifically listed and they ARE therefore released.
I should also note that there is no authority under the Income Tax Act for CRA to settle a debt for some lessor amount but we can, and do, settle debts owing to CRA through Consumer Proposals Frequently. Please do not hesitate to call me at 306-790-7904 if you would like further information or wish to discuss.
2025-07-11
With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare.
2025-07-11
From camps to lawn care, summer costs can add up fast. Learn how to plan ahead and avoid seasonal surprises before they catch you off guard.
2025-07-08
Alternatives to Bankruptcy Bankruptcy
If you sit down with your parents, they might have a lot of valuable pieces of advice to help you save money. These five tips can help you build a budget.