Let us help you find a new beginning

Make a commitment to yourself. Declare that everything is under control and that tomorrow really is a new beginning.

Logo Concept

Financial Assistance & Debt Blog

D. & A. MacLeod Company Ltd’s blog is your resource for financial tips and tricks in Ontario. If you have any questions, don’t hesitate to call us.

  • Handling debts while filing your Canadian income taxes in Ottawa
    Handling Debt During Income Tax Season

    It’s that time of year again! Income tax is due yet a surprising number of people can’t afford to pay the CRA the taxes they owe. Are you one of them? Do you not know which way to turn because you owe tax, have personal debts, or are maybe on the edge of bankruptcy?

    Read More
  • spouse worried about finances and bankruptcy in ottawa
    Does Filing for Bankruptcy Impact My Spouse?

    Individuals who consider filing for bankruptcy in Cornwall, Kingston, Ottawa or Pembroke often wonder about the possible effects on their life, not to mention their families—and, more specifically, their spouses.

    Read More
  • New Homeowners Debt consolidation in Ottawa and Kingston Ontario
    Is it better to rent or save for a down payment on your home?

    Is it better to save towards a down payment on a home or to rent a home? While the easy answer is that a home you own is equity, there are many factors that go into such an important decision.

    Read More
  • Debt counselling in Ottawa and Kingston Ontario
    Are You Struggling to Save Money While Paying Off Student Loan Debt?

    Student loans are a great way for many people to be able to afford to go to college. Once you are done with school and must begin paying off student loan debt, you may find yourself getting stressed out and struggling to make things work each month.

    Read More
  • Bankruptcy trustee in Cornwall and Kingston Ontario
    The Drawbacks of Owning Multiple Credit Cards

    There is a good reason that credit cards have become so popular among Canadians over the years: the sheer convenience of not needing to carry cash, as well as not needing to pay upfront, is obvious advantages. However, the rise of subsequent credit card debt for credit card holders is a clear indication that this method of payment can be easily abused.

    Read More
  • Bankruptcy in Ottawa Ontario
    What you need to know about filing for a Second Bankruptcy in Canada

    Most people know that bankruptcy should not be entered into lightly. But that notion is particularly true if you find yourself facing this fate for a potential second time. To further deter people from revisiting bankruptcy, the Canadian government implemented stricter discharging durations for those who file more than once. Although not ideal, this option is available to individuals who continue to struggle with debt after their first bankruptcy in Brockville, Kingston, Ottawa or Pembroke.

    Read More
  • woman that needs debt counselling tips in ottawa and kingston
    Money Management Tips

    Although many people today are shunning credit cards altogether, it is important rather to establish a good balance between using them often enough and responsibly to secure a good credit rating that will help you when you want to purchase a home or a car, but not too often or too heavily as to acquire debt or negatively impact your credit rating. Read more for simple money management tips and solutions!

    Read More
  • a woman in a wheelchair being assisted by a man working on documents
    Filing for Bankruptcy While on Long Term Disability

    Becoming too ill or injured to work is difficult enough, but mounting debt as you are not earning your regular income can add extra stress to your life. Long term disability only provides a percentage of your salary, while your expenses often remain the same. Unless you are particularly cautious with money and knowledgeable about how to cut back, financial matters can become significant.

    Read More
  • Credit counselling in Kingston Ontario
    Elderly Parents Struggling with Debt

    Although having elderly parents alive usually feels like a blessing, helping them handle financial matters can be stressful for both of you. The emotional side of dealing with aging parents can be taxing enough, but many children also often feel obliged to take on their finances. That means helping ensure they are making responsible choices by not exceeding what they can afford to spend each month.

    Read More
  • note-3050144932966399173-planning-for-retirement-ontario.jpg
    Retirement and the Risks of Financial Instability

    Retirement is a relatively new concept, introduced in the last century and likely to balance the modern economy when life expectancy grew and people were living much longer than they ever had before. Today, this lifestyle is highly sought after and idealized but, without the appropriate savings, not working can prove to be financially challenging for many seniors across Ontario.

    Read More
  • Credit cards
    Protecting Yourself Against Identity Theft & Fraud

    Over the last several years, identity thieves have been stealing personal information from a growing number unsuspecting people to make credit card purchases, obtain fraudulent bank loans, apply for fake passports, and more. The problem has become a significant one in the country with over 40,000 consumer complaints to the Canadian Anti-Fraud Centre in 2014 and millions of dollars stolen by criminals. It is crucial to address any suspicious activity early and consult the helpful advice of a licensed insolvency trustee in Kingston if you’ve been impacted.

    Read More
  • Developing a Monthly Budget & Avoiding Bankruptcy in Ottawa
    Developing a Monthly Budget & Avoiding Bankruptcy in Ottawa

    Individuals facing financial hardship can take steps to improve their situations by developing smart habits like budgeting their money on a monthly basis. By creating a spreadsheet file on your computer or simply keeping a written notebook, debtors can keep track of their income after taxes and determine how much they can afford to spend each month. This includes sorting out all required expenses, such as insurance, utilities, car loans and rental or mortgage payments, as well as clothing, food and entertainment purchases.

    Read More
  • Signs of Overspending & Tips to Reduce Impulse Purchases
    Signs of Overspending & Tips to Reduce Impulse Purchases

    One of the most significant reasons why people may find themselves in debt is due to overspending. Maybe you are unsure how to put together a proper budget for your expenses, or you have a hard time reigning in your spending on “nice to haves”. Our team at D. & A. MacLeod Company Ltd. offers credit counselling for consumers in Brockville, Kingston, Ottawa and surrounding areas. Using our home budget calculator, you can also put together a solution to understand just how much discretionary income you have left each month.

    Read More
  • Saving Money for Your Business in Eastern Ontario
    Saving Money for Your Business in Eastern Ontario

    Regardless of the size of your company, having management information tools in place will assist you and any other shareholders of your company in better managing cash flow issues within your business. Understanding how to manage expenses wisely to avoid financial pitfalls and grow the profitability of your business requires time and effort.

    Read More
  • Preparing to Seek Financial Counselling in Eastern Ontario
    Preparing to Seek Financial Counselling in Eastern Ontario

    Struggling to manage your own finances can leave you stressed and concerned for the future stability of your family. If you find yourself in this situation, financial counselling from a Licensed Insolvency Trustee (LIT) can be an effective way to better understand your current situation and develop an action plan for your finances, particularly if you are facing significant debt. At D. & A. MacLeod, our team will work with you to budget, strategize, and discuss financial plans for the future.

    Read More
  • Tips for Smart Household Budgeting & Saving
    Tips for Smart Household Budgeting & Saving

    There is no real way around the fact that life is, simply, expensive. It also makes sense that the more people you need to clothe and feed, the more money you will need to spend. Debt is on the rise in Canada, including Kingston and Ottawa, but there are helpful solutions to balance your finances. One particular method is ensuring that your income can afford your expenses by maintaining a budget.

    Read More
  • Unincorporated Small Business vs. Corporate Bankruptcy: How Do They Differ?
    Unincorporated Small Business vs. Corporate Bankruptcy: How Do They Differ?

    It is always important to make an informed decision when it comes to bankruptcy, as this option should be the last consideration if you or your business is struggling financially. Depending on the size of your business, the processes may differ. When making a decision about your financial situation, you will want to speak to a Licensed Insolvency Trustee (LIT) in the Ottawa Area to learn about your options.

    Read More
  • How to Manage Your Student Loan Debt
    How to Manage Your Student Loan Debt

    Along with tuition rates, student loan debt has steadily increased over the past 20 years across most of the country. Canadian Federation of Students statistics show that average university tuition costs in Canada are almost $6,200 for undergrads for this current school year and about $16 billion in Canada Student Loan debt has been borrowed by about 425,000 students. This debt accounts for only 60 percent of all student loans.

    Read More
  • Tips & Tricks for Repairing Your Credit Score
    Tips & Tricks for Repairing Your Credit Score

    Having a poor credit rating is not only a nuisance, but it can have serious repercussions for other areas of your life as well. For instance, you may experience difficulties getting an apartment, buying a car, experience higher insurance premiums, and much more. There are many causes of a poor credit score, including job loss, high unexpected health expenses, separation or divorce, or costly home repairs. A major cause of poor credit is missed payments resulting from consumer debt, and each day you are late your score may get worse.

    Read More
  • Dealing with Financial Difficulty after a Separation or Divorce
    Dealing with Financial Difficulty after a Separation or Divorce

    As of 2008, approximately 40 percent of marriages ended in divorce and the average length of marriages was less than 14 years. Divorcing couples are on average in their early to mid-40s, which is considered close to “prime earning years.” At this time, families often have significant assets and young children, both of which can influence financial decisions in divorce.

    Read More

Our Company

D & A MacLeod Company Ltd

343 O'Connor St.

Ottawa, ON K2P1V9

Appointment Locations

Copyright D & A MacLeod Company Ltd 2018 - Legal
Created by

Legal notice