If you've read a few of my other blogs you know that I'm a strong supporter of exercising proper budgeting practices. These budgeting  practices become even more important as a result of seasonal spending - going a little overboard during the Christmas season,...

Many people do not realize that tax debt can be included in a Proposal or Bankruptcy. If you have income tax debts or HST debts that are hurting your ability to pay your bills you need our help! Call us so we can discuss your options.

Most lenders have been very good about deferring payments as a result of the virus. Most of these deferrals are time sensitive - they'll let you slide for a few months only, tack the payment(s) onto the end of your contract, or let you catch up over time with...

Just a helpful reminder that the CERB/CRB benefits you may have received are fully taxable. Once you combine these benefits with other income - whether with various pension benefits or other employment income - you may become the innocent victim of "bracket creep"....

As you all know, tax season is just around the corner. Be prepared, be organized and file on time as interest and penalties assessed by Canada Revenue Agency on late filings can really add up!

The newspapers have carried quite a number of articles on consumer debt and the benefits of budgetting the past few weeks. The timing for these articles co-incides with credit billing periods following the holiday season. Too many households stretch their budgets thin...

The first stage to responsible budgeting is setting your own parameters or limits. Sit down with whoever contributes income to the household. Ask yourselves what you feel is reasonable to spend on different items or categories. Some categories are easy - these are...

Once you've determined and recorded your fixed costs a pool of money should be left over. This is where lifestyle enrichment gets funded. That is your next step in developing a solid budget - determine your lifestyle expenses. Develop a series of categories that...

You now have a better handle on your income and expenses. We are at the final stages in preparing a good, workable budget. We are also at a pivotal budget stage - reasonableness! Your budget has to satisfy your goals. To do that, you have to define those goals and put...

If you've followed all the preceding steps you should be staring at a workable budget. The budget will have a rough blueprint as to expenses, lifestyle satisfaction and goal satisfaction but treat this draft as exactly that - a blueprint. You've determined that the...