Yearly Archives: 2016

If you are dealing with tax problems, one way to deal with Canada Revenue Agency (CRA) is with a consumer proposal filed through a Licensed Insolvency Trustee. CRA will not accept a negotiated settlement arranged directly between a taxpayer and Canada Revenue Agency for less than the full tax balance… Read more

The new year is just around the corner so let’s review, shall we? Going into debt is often a choice. We make the choice when we buy something we can’t afford to pay for. Every time we don’t bother to check to see if we have enough money in the… Read more

A recent news article suggests that more Canadian’s are buying luxury cars these days than ever before and that many of them may find themselves in “over their heads.”   The article suggests that part of the reason for this is what they call the Wealth Effect, people thinking they are wealthier… Read more

“Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe It’s easy to get derailed in the process of managing your money wisely.  Here are five tips to help boost your chances of financial success. 1. Make it a habit Science has proven… Read more

As I’ve said before, managing money and building wealth isn’t rocket science; it’s pocket science. If you don’t spend the time and energy to look after your money, your finances can run a little ‘wild’. What you need to stay on course is a solid money plan. The best systems out there are the… Read more

People equate financial freedom with being rich. Such a shame. All those people who will never be rich — folks like me who have to work hard for every red cent we make — longing for a goal that’s unattainable. What exactly is “rich” anyway? Ask a hundred people how… Read more

“Money is always eager and ready to work for anyone who is ready to employ it.” Idowu Koyenikan I rarely meet people who are happy with their financial situation. I think this is partly because no one really knows what they “should” be spending and/or saving in order to create… Read more

Halloween is my absolute favourite night of the year. I dig the campy costumes, the cheesy decorations and I truly enjoy sitting out on my front porch doling out treats to little ghosts and goblins. For one day of the year, we’re allowed to celebrate the macabre, the ghoulish and… Read more

It can be hard to know which professional to turn to when you realize you need help dealing with your debts. Both a credit counsellor and a licensed insolvency trustee can help you – but how do you choose between the two? The answer depends on your debts, finances, future… Read more

If you want to lose weight you know you shouldn’t be eating donuts. If you want to save money and stay out of debt there are also things you should avoid. Here are 9 life types from Gail Vaz-Oxlade that you might want to keep in mind if you want… Read more