What Happens When You Don't Pay Your Credit Card Bill?
Are you considering putting off your credit card payment to make ends meet? That decision could have serious consequences for your...
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- Jun 18
- 2 min
When Does Interest Start on Credit Cards?
Credit card companies start charging you interest the day you fail to pay the full balance at the end of the month. Once that happens,...
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- Jun 15
- 2 min
Making a Proposal to the Canada Revenue Agency: Steps to Resolve Your Tax Debt
Mounting tax debt can become a financial burden that can seem insurmountable. If you owe taxes to the Canada Revenue Agency (CRA), you...
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- May 16
- 2 min
The Implications of Cancelling a Credit Card: What You Need to Know
Are you considering cancelling a credit card to reduce your monthly expenses? You may be tired of paying fees on a credit card you never...
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- May 16
- 2 min
What Happens During a Credit Counselling Session?
Credit counselling is an effective way to take control of mounting debt for individuals and families struggling with their finances....
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- Apr 18
- 2 min
How Much Debt Is "Normal"?
Having a certain amount of debt is normal. In fact, most Canadians are in debt to some extent, through credit cards, mortgages, student...
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- Apr 18
- 2 min
What Happens When Your Parents Declare Bankruptcy?
More older Canadians than ever are struggling financially. Mortgage payments, medical costs and mounting credit card debt can be...
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- Apr 17
- 2 min
Corporate Restructuring vs. Bankruptcy: What You Need to Know for Your Struggling Business
Do you own a business? Are you struggling financially and unsure how to get back on track? Instead of filing for bankruptcy, corporate...
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- Apr 17
- 2 min
Understanding Credit Status for ODSP Clients: A Guide to Credit Cards and Debt
If you’re on the Ontario Disability Support Program (ODSP), you may be wondering how it affects your credit status. Whether you’re a...
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- Apr 3
- 2 min
Does The CRA Forgive Tax Debt?
Overcoming tax debt is challenging. The Canada Revenue Agency (CRA) offers no debt forgiveness and can garnish your wages, withhold...
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- Mar 14
- 2 min
What Happens If My Consumer Proposal Is Annulled?
Have you filed a consumer proposal to help you manage mounting debt? As inflation surges, keeping up with payments can be difficult. If...
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- Feb 28
- 2 min
Does Owing Taxes to The CRA Affect Your Credit Score?
Owing money to the Canada Revenue Agency (CRA) differs from other financial obligations, like credit card debt or bank loans. However,...
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D. & A. MacLeod Company Ltd.
- Feb 28
- 2 min
What’s The Best Way to Fix My Credit Score?
If you have a bad credit score, you’ll pay higher interest rates and have difficulty getting loans, renting an apartment or buying a...
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- Feb 6
- 2 min
How to File a Consumer Proposal Without Leaving Your House
Filing a consumer proposal to get out of debt is easier than ever, thanks to the team of licensed insolvency trustees at D. & A. MacLeod...
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- Feb 6
- 2 min
Is My Business Liable for My Personal Debt?
Are you an entrepreneur or small business owner dealing with personal debt concerns? Even at the top of your professional game,...
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D. & A. MacLeod Company Ltd.
- Nov 14, 2022
- 2 min
WHAT DO RISING INTEREST RATES MEAN IF YOU'RE ALREADY IN DEBT?
Like most Canadians, you’ve probably incurred debt at some point in your life to cover a major expense. Did you know the Bank of Canada’s...
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D. & A. MacLeod Company Ltd.
- Nov 14, 2022
- 2 min
HOW DO YOU QUALIFY FOR A CONSUMER PROPOSAL?
Are you struggling to pay the bills on your debt? Filing a consumer proposal might be the best way to improve your finances, avoid...
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D. & A. MacLeod Company Ltd.
- Sep 22, 2022
- 2 min
GST/HST CREDIT RATE HIKE TO HELP FAMILIES FROM SINKING INTO DEBT
If you’re struggling with credit card debt, car payments and a rising cost of living, the latest GST/HST Credit hike unveiled by the...
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- Jul 17, 2022
- 2 min
HOW CANADA’S NEW AFFORDABILITY PLAN FIGHTS INFLATION AND HELPS THOSE STRUGGLING FINANCIALLY OR IN DE
In response to soaring inflation, the federal government is trying to help ease many Canadians’ financial burdens. In June 2022, Ottawa...
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D. & A. MacLeod Company Ltd.
- Jun 19, 2022
- 2 min
STAY OUT OF DEBT BY AVOIDING THESE TOP 8 MONEY TRAPS
According to Credit Canada, the average consumer debt for a two-person household in this country is more than $41,000, excluding...
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