Often, people focused on solving debt problems through a Consumer Proposal or Bankruptcy may not recognize the impact these processes can have on their personal income taxes.

Whether you’re hosting a small intimate group of friends or a large family dinner over the upcoming holiday season, inflation and rising interest rates have made hosting more challenging than ever. Here are some simple tips on how to still have a great time while sticking to a manageable budget.

View our top blogs of 2023, filled with interesting and helpful insights. Our goal is to provide easy-to-understand information about financial best practices.

The bills are piling up. You’re constantly getting calls from creditors. You borrow money from friends and family but it doesn’t seem to be helping. You know that you need to do something, but … what exactly do you do? You don’t want to file a bankruptcy and wonder if there are other options. There are. Actually there are several alternative options.

Thousands of individuals across Canada are coping with financial stress, and addressing their increasing debt can be an overwhelming process. Personal debt has left them juggling bills, payments, and priorities without a clear path towards financial freedom.

Make your debt-free future a reality with some useful strategies to pay off what you owe.

Meta Description How can an LIT help you navigate the debt relief journey? Read Randy Kobbert’s story to discover how he helped a debtor achieve a fresh financial start.

Credit cards can be a valuable tool for personal finance. If you can control the spending, and pay off the balances regularly there are no issues. But it’s easy for credit card spending to get out of control. Before you start cutting that plastic in half, consider these steps in credit card spending: analyze, monetize, prioritize and stabilize.

There are numerous reasons why some people choose to take on a project themselves rather then engage another person or company. These can range from an interest in learning a new skill, to a passion for doing the work themselves, pride and shame of asking for help, or lacking the financial means to hire a professional.