What Happens to Air Miles Points if You Go Bankrupt?

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

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?

Basic Income. Is it a Silver Bullet for Poverty?

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

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,

Mogo Loans: Are They A Good Deal?

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

Mogo Financial offers free credit scores, nice lounge stores and an online loan app. On today's DFI30 podcast we talk with Squawfox.com blogger Kerry Taylor talks about her visit to a Mogo Financial Lounge and how she found a sexy store that's a payday loan company in disguise.

Scammers May Mention Personal Information to Look Legit

Posted in In The News
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

The Canada Revenue Agency has been warning Canadians to be wary of aggressive tax scams demanding payment over the phone. Many of the callers use terrorizing language often threatening arrest, jail time or calls to your employer if they do not receive payment. However, in a new twist recently reported by one of our clients, […]

The Canadian Economy and Household Debt: Awkward Dance Partners

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

We're living in very different times in terms of our economy. Doug talks with economist David Bond about how the Canadian economy as a whole is impacted by household debt and the root causes of debt, including income inequality and our tax system.

5 Surprising Reasons Why You Might Be In Debt

Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Popular wisdom says that personal debt builds when you live beyond your means, using credit to pay for what you can’t afford. All true, but what about the family that doesn’t live large, isn’t taking a vacation every year, yet find themselves facing a boatload of debt? Here are 5 reasons why your debt might […]

Why You Should Never Loan Money To Family and Friends

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

There are many reasons to avoid loaning money to family and friends. On today's podcast, Doug Hoyes talks about whether you should help friends financially and provides a 'helping friends financially checklist'.

Is the Sky Falling? Will the New Mortgage Rules Hurt the Real Estate Market?

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

Doug Hoyes and Ted Michalos talk about the October 2016 mortgage rules announced by the federal government and how they affect insured mortgages, borrowers, lenders and the real estate market. Listen to the podcast.

New Mortgage Rules and Real Estate - Show 110 Transcript

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

Listen to the podcast: Is the Sky Falling? Will the New Mortgage Rules Hurt the Real Estate Market? Doug H:            On Monday October 3rd finance minister Bill Morneau announced big changes to Canada's mortgage lending rules. Real estate agents, mortgage brokers, real estate lawyers, they're all in a panic worried that these new rules, scheduled to […]

Should I Use My RRSP to Pay Off Debt?

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

In our first technical tidbit podcast, Doug Hoyes explores the tax and legal implications of withdrawing money from your RRSP to pay off debt. He explains how RRSP savings are protected from seizure in a bankruptcy in Canada.