Category: News

Debt Relief Canada – Non-mortgage debt rose 6 per cent at year end, TransUnion data show

>February 21, 2013

While mortgage debt growth has been slowing, Canadian consumers are still borrowing at record levels to buy cars, finance home repairs and pay for furniture, new data shows. The average consumer’s non-mortgage debt rose nearly 6 per cent in the last three months of 2012 compared to the same period a year earlier, according to […]

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Debt Relief Canada – How to clean up errors on your credit record: Roseman

>February 19, 2013

There is recourse if you’re at an impasse with a credit granter over an unpaid debt. You can ask the credit bureau to intercede on your behalf Scott Smith, 24, is an MBA student. He’s proud of paying his bills on time and having an excellent credit record. So, he was surprised to find his […]

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Debt Relief Canada – Key dates in the 2013 tax calendar

>February 15, 2013

Failure to meet the Canada Revenue Agency’s deadlines for filing tax returns, making RRSP contributions, paying amounts owed and other tax-related business can cost you in penalties. To spare you getting dinged unnecessarily, we’ve highlighted a few important dates to keep in mind over the next few months. February February 11 — First day for the […]

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Debt Relief Canada – RRSPs: 10 Things you need to know

>February 14, 2013

After more than 50 years as a tax haven, a Registered Retirement Savings Plan is more important than ever. EXPLORE THIS STORY Pity the poor Registered Retirement Savings Plan (RRSP). With middle age setting in after more than 50 years – and the new tax-free savings account getting all of the attention – the lowly […]

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Debt Relief Canada – Canada loses 22,000 jobs in January

>February 8, 2013

Canada’s economy shed 22,000 jobs in January, but a corresponding drop in the number of unemployed people looking for work caused the jobless rate to also drop, to seven per cent. Statistics Canada said the jobless rate ticked 0.1 percentage points lower as 57,500 people stopped looking for jobs — more than enough to offset […]

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Debt Relief Canada – Canadians back to borrowing as average consumer debt hits new high

>February 5, 2013

The average consumer’s total debt load increased by almost 6 per cent to a record-smashing $27,485 at the end of 2012, amid disturbing signs of an upswing in the amount of debt Canadians are taking on. Last year saw the largest year-over-year increase of its kind for a fourth quarter since 2009, according to the […]

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