What is a Licensed Insolvency Trustee?

Posted in Bankruptcy Trustee
Posted by Ted Michalos, BA, CPA - LIT

Bankruptcies and consumer proposals in Canada are debt restructuring options available under the Bankruptcy & Insolvency Act. Increasingly today consumers are choosing to file a consumer proposal and avoid declaring bankruptcy. In order to help consumers more easily recognize and identify individuals licensed to provide debt restructuring services (both bankruptcies and consumer proposals) under the […]

What Type of Borrower Are You?

Posted in Debt Help

Household debt is rising rapidly in Canada. While much of the blame can be attributed to the attractiveness of super low interest rates, mortgage debt and rising house prices, individually you may have more debt because of the way you borrow and make payments. People frequently do not know the full terms and conditions of […]

Why We Expect Tighter, More Expensive Mortgage Markets

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

On Debt Free in 30, we talk with Ben Rabidoux about how the next changes in mortgage lending rules will affect the cost of your mortgage, refinancing and the housing market.

How to Minimize Debt Before and After Retirement

Posted in Money Tips

5 Debt No-Go’s in your senior years Carrying debt into retirement is risky.  An early retirement due to illness or job loss can derail your repayment plans. Making debt payments on a fixed income is difficult. Here are 5 types of debt you should never carry into retirement: Credit card debt Car loans Payday loans […]

Financial Literacy: Does it Belong in Ontario's Curriculum?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Does financial literacy belong in high schools? On today's podcast we ask this question of Prakash Amarasooriya, who, along with the Toronto Youth Cabinet, presented a petition for the inclusion of new material into the Ontario high school curriculum.

How to Minimize Debt As Your Family Grows

Posted in Money Tips

As you enter your 30’s and 40’s, your likely entering a period of many milestones: marriage, family, a new home, perhaps a career change. If you had good financial habits during your 20’s you will have paid down most of your student debt, avoided high credit card balances, built a small emergency fund and set […]

What Happens to Air Miles Points if You Go Bankrupt?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Air Miles has changed their loyalty program, which brought up a question from our listeners: What happens to my Air Miles, loyalty points and cash-back program if I file bankruptcy?

How To Minimize Debt as a Millennial

Posted in Money Tips

Starting out on your own is exciting, but it comes with the responsibility to make decisions. Making good financial choices from a young age will have an impact on your financial health for years. Lesson Plan Save more money Separate needs from wants. Pay off student loans asap Start an emergency fund. Use credit wisely. […]

Basic Income. Is it a Silver Bullet for Poverty?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

One possible solution to poverty reduction, and possibly high consumer debt levels, is the concept of basic income. Doug Hoyes talks with David McDonald, senior economist with the Canadian Centre for Policy Alternatives to help us better understand the costs and consequences of a guaranteed income program,

Are You Prepared to Play the Game of Debt?

Posted in Money Tips

Transcript: Debt. Most people don’t realize how big debt can become even when they think they’re being responsible. Debt usually starts small, with a few reasonable expenses put on credit – but it can grow quickly from there. If you’re a recent high school graduate, you probably just got a credit card. If you’re heading […]