2025-06-30
How do I respond to creditors?
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.
Income Taxes In Bankruptcy Or Proposals
2009-07-17
When discussing debts with people seeking our assistance the issue of money owing to Canada Revenue Agency ("CRA") often seems to result in some confusion. To be crystal clear any debt owing to the government for income taxes, source deductions, GST etc. CAN be included in a bankruptcy or proposal. This is not true in the United States, which is why I think the confusion arises. There are certainly some restrictions on what can be done in terms of settling with CRA and if a significant percentage of your debts are to CRA you should certainly meet with one of our insolvency professionals to dicuss your situation. I can assure you, however, that we do many proposals that involve settingly money owing to the government and that, if a bankruptcy is necessary, debts to the government will also be included. Ian Schofield MNP Regina 306-790-7904
Latest Blog Posts
2025-06-30
What rising interest rates could mean for you
Lifestyle Debt Debt Solutions
Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?
2025-06-25
How to budget for inflation
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
