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.
2010-06-21
When a person files bankruptcy there will be two tax returns filed for that year, instead of the normal one return. A tax return will be filed from January 1 of the year to the date of Bankruptcy (called the "Pre-Bankruptcy" tax return) and a second return filed from the date of Bankruptcy to December 31 of that year (called the "Post Bankruptcy" tax return. Any refund deriving from the Pre-Bankruptcy tax return (or any prior years for that matter will flow into the bankruptcy). If there is money owing to CRA they will, of course, offset that amount owing against any refund. Usually, the Trustee will take an assignment of the Post-Bankruptcy tax return and then any refund from that return will also flow into the bankruptcy. CRA can not offest this refund for amounts owing at the date of bankruptcy. The Trustee will usually take an assignment unless the individual has very low income and there will be no refund, or sometimes in the case of self-employed individuals where there is likely to be an amount owing after the date of bankruptcy. Ian Schofield MNP Regina 306-790-7904
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.