Bankruptcy rates keep going down, Is this really good news?

March 3, 2014

Recent statistics reported that the rates of bankruptcy filings in Canada continue to go down. You can read the statistics here  if you are interested. But the broad strokes are that fewer people are filing bankruptcies than a year ago, and this is building on a trend that has now lasted for 3 years. This sounds […]

Read the full article →

RESPs and Bankruptcy, exempt or not.

February 19, 2014

I’m seeing more and more people investing in Registered Education Savings Plans for their children’s education. Such plans make sense if you have the money available to set aside to make the investment. The government supports these plans by tax sheltering the growth and also by offering grants to top up the investments over time. […]

Read the full article →

Will increasing the minimum wage affect Bankruptcies in Mississauga?

February 3, 2014

A recent article in the Globe and Mail sheds some light on the roiling minimum wage debate. At first blush increasing the wages of Ontario’s lowest paid workers must have a good effect overall on everyone’s standards of living Right? A rising tide lifts all boats? Not really, the real question is who pays for these […]

Read the full article →

Does your “New Year” include a financial fresh start?

January 13, 2014

This time of year has a lot of new beginnings.  Many people resolve to do things differently as the new year dawns. Resolutions to get in shape, eat healthy, or quit a bad habit are all common. Many people resolve to “take control” of their lives and start making positive things happen for them. If […]

Read the full article →

Myths of Bankruptcy

November 11, 2013

Debt, and methods of dealing with debt seems to be top of mind for many today seeing as it is “Credit Education Week” this week. The CBC posted this article on their site some time ago, (nearly a year) outlining some of the common misconceptions regarding Bankruptcy.  It’s a good article and bears another look […]

Read the full article →