Consumer loans are available in many forms and for a variety of purposes such as purchasing a home, financing a vehicle, and consolidating high interest credit card balances. These financial tools range from ultra specific (e.g., mortgage) to extremely flexible in helping you purchase desired goods and services.

Today , many Canadian businesses have to work twice as hard to keep up with a competitive landscape in a weakened economy. If you really want to stay ahead of the curve and leave the doors open for as much opportunity as possible, it's crucial to be fully informed of your credit score and what you can do to further improve it.

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.

My question is, I have a son who is 18, he lives at home and is in his last year of high school, he has a part time job and the money that he earns doesn't contribute to our home at all, it's his spending money for clothes and his entertainment. Would I have to list this money as part of our income?

Like all professions, there are several questions Licensed Insolvency Trustees hear quite regularly. By far the most common is “What is the typical cause of Bankruptcy or insolvency?”

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.

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...

Given the growing concerns around Canada’s consumer debt crisis, it’s only natural to paint it in broad strokes as universally bad. However, that’s not always the case.

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

With COVID-19 impacting finances at all levels, much of the conversation over the past year and a half has surrounded increased spending (or decreased revenue) among governments, businesses, and individuals — and the debt each has taken on to make up the difference.