The Canada Revenue Agency (CRA) is tasked with assessing and collecting income and related taxes from both businesses and individuals. So, what options are available to CRA to collect a debt?

In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many. To combat rising inflation, the Bank of Canada raised interest rates bringing them to their highest level since 2008. These increases in inflation and interest rates have put enormous strain on many Canadians....

Divorce is a painful process for everyone involved. Add the financial stress of reconciling debt to the equation and it can quickly become overwhelming.

It’s spring season! And as we open up to warmer temperatures and a season of bloom, your finances can also experience a positive shift that will lead you to achieve your financial goals. How can you spring-clean your finances? Review your budget, spending, and goals? You need professional help

The latest MNP Consumer Debt Index finds that British Columbians continue to grapple with debt anxieties, especially when compared with the rest of the country.

Living beyond our means can lead to financial disaster. The increasing accessibility of credit cards and online banking makes it easier than ever to overspend. Rising costs of goods and social media pressures to keep up appearances can make it worse. To avoid this, you must spend less than you earn, which is “living within your means”.

The latest MNP Consumer Debt Index finds that Atlantic Canadians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.