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.
2012-01-04
Watch the video or continue reading below. Equity in a home in Greater Vancouver and Victoria = $12,000. In the rest of the province = $9,000;Equity in Household items = $4,000;Equity in a vehicle = $5,000; The vehicle exemption drops to $2,000 if the debtor is behind on child care payments (to facilitate the enforcement of Maintenance Orders)Equity in work tools = $10,000;Exemptions are in effect for all registered retirement savings plans (RRSP's, RRIF's and DPSP's (Deferred Profit Sharing Plans);Contributions made in the 12 months prior to the date of bankruptcy will be recovered (clawed back) for the benefit of the bankruptcy estate;Equity in essential clothing and medical aids is unlimited.Additional Resources For more information, pleasecontact me directly or consult ourBankruptcy FAQ. Please see below for details on exempt assets in other Provinces:AlbertaSaskatchewanManitobaOntarioQuebec
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.