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.
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
2025-06-25
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.
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.