While Black Friday and Cyber Monday used to be predominantly American shopping events, Canadian consumers and retailers have gotten right on board in recent years.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

Finally we’re through the holiday season! But now it’s time for the bills to start rolling in. How nervous are you?

Using a credit card for everyday purchases has increased substantially in the past decade. The ease of obtaining credit cards plus the benefits credit card issuers provide have stimulated use by many Canadians. In 2013 there were over 80 million credit card accounts in Canada.

We are approaching the end of April and with that, the deadline for filing your 2016 income taxes. It is a safe assumption that some percentage of the 36 million or so Canadians will owe money to the federal government after filing and will either not be able to pay their 2016 taxes, still owe money from prior years – or both.

As the price of living continues to increase across the country, along with an inflated housing market, many Canadians find themselves relying on credit to carry them through major events, expenses and sometimes even day-to-day costs. While credit can be a viable solution for handling short-term financial obligations, it can quickly become a costly expense in and of itself if you aren't keeping a keen eye on your interest rates and how much you can...

Consumer proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems.

The Bankruptcy Assistance Program (the “BAP”) under the Bankruptcy and Insolvency Act is a very significant program for consumers.

If you are struggling with rising debt, you may be looking for support or assistance to get your financial situation back on track. Bankruptcy is not the only solution for dealing with your outstanding debts.

If you have one credit card with no balance will it be shut down too?