Many Canadians are struggling with debt as high interest rates and rising inflation increase the cost of day-to-day necessities. You may be searching for a way to relieve your financial stress and asking yourself if bankruptcy is the right solution for your situation. However, bankruptcy does not eliminate all debts — and it is important to understand what types of debt a bankruptcy eliminates before you make a decision.  ..read more

If you’re facing insolvency, bankruptcy doesn’t have to be the only solution. A consumer proposal can help you take control of your debt and pay less than what you originally owed. Filing a consumer proposal can save you from the effects of bankruptcy or unresolved debt. We answered the consumer proposal FAQs below to empower you to take control of your finances and eliminate debt smoothly ..read more

Inflation is a significant source of financial pressure on Canadian households. Simply put, the rising cost of goods and services means that the money you have doesn’t go as far as it used to.  ..read more

Utility costs such as electricity can take up a significant amount of your monthly budget. It can be hard to generalize about electricity costs since they vary from province to province (costing up to 41 cents per kilowatt hour in the Northwest Territories and just 7.8 cents/kWh in Quebec). However, as the cost of electricity rises, being able to cut back on electricity usage can be a good strategy for saving money ..read more

Is it possible to find tax debt forgiveness in Canada? Many Canadians already face large amounts of debt. As of 2023, the debt-to-income ratio for the average Canadian household had risen to 184.5%, meaning Canadians owe $1.85 for every dollar of disposable income ..read more

Having a budget can help you reach your debt repayment goals faster and more consistently by giving you a structure that you can use to allocate your money as needed ..read more

For many, having a car is a necessity–not a luxury–especially if you rely on your vehicle to get you to work. But having a vehicle isn’t cheap. When you factor in the car payments, insurance, gas, repairs and regular maintenance, it's often one of the biggest monthly expenses following your rent or mortgage.  ..read more

When financial trouble hits, it may be difficult to pay all of your bills on time. Whether it’s due to a divorce, job loss, unexpected illness, or something else, it can be stressful trying to get your finances back on track. You may also be worried about the impact late or missed payments can have on your credit report ..read more

Do you feel like you’re spending too much on groceries? Or find it hard to save money after paying off your debts and monthly bills ..read more

Overdrawing a bank account can happen to anyone regardless of their earnings. For example, someone could have a delayed deposit making it into their bank after an automatic withdrawal ..read more