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CRA Tax Deadline 2017-2018 is Right Around the Corner – Are You Ready?
Unpaid taxes represent a considerable amount of Canadian household debt. If you’re one of those finding themselves in this situation, there are steps you can take before the CRA tax deadline for the 2017-2018 year. If you have or will have a tax debt, you will need a financial plan. It’s best to be proactive.…
Read MoreLow-Budget Valentine – Money Saving Tips for Valentine’s Day in Toronto
Valentine’s Day in Toronto comes but once a year and if you’re coupled up, you want to make the most of it. But how can you do that if you’re on a tight budget, or if you’ve been diligently repaying old debts? Our money-saving tips can help you stay focused on romance, not your bank…
Read MoreBuying a Car in Ontario – Top 5 Tips You Never Thought About…
Buying a car — whether it’s brand new or new-to-you — is a big decision. And there’s a lot to consider. It can be difficult to keep in mind everything you need to ask. But asking the right questions, especially if you’re buying a used vehicle, is essential for saving you time and money in…
Read MoreBOC Interest Rate Up to 1.25%: What to Do If You’re Drowning in Debt
We’re less than three weeks into 2018, but already we’ve got some big news: the Bank of Canada (BOC) interest rate has increased again. On January 17, 2018, the BOC interest rate rose to 1.25%. This is the highest it’s been in nine years, according to the Huffington Post. The BOC interest rate affects all…
Read MoreIs Another Bad Credit Loan Really the Answer?
Maybe this sounds like a familiar scenario — you’re in financial trouble and your credit is shot, so you take out a bad credit loan to pay your bills and start rebuilding credit. Only you can’t pay your bad credit loan on time, so you take out another loan to pay the first one. Then…
Read MoreMortgage Refinancing in an Uncertain Housing Market
It’s no secret that Canada’s real estate market has been going through changes. With increased Bank of Canada interest rates, new Canadian mortgage rules, and Canadian household debt higher than ever, there’s a lot of uncertainty in the air. It can be tough as a homeowner to know the best course of action — especially…
Read MoreHow to Get Bad Credit Loans Without Getting Scammed
Unfortunately, the old saying can be true — it’s a dog eat dog world out there. And that can be made even more apparent if you’re seeking bad credit loans. When you have bad credit, you are more vulnerable. Less people want to loan to you, so the people who will do so make you…
Read MoreSo, You Filed for Personal Bankruptcy in Canada – Now What?
If you’ve filed for personal bankruptcy in Canada, you’re not alone. Thousands of Canadians have done the same. In 2016, 66,256 personal bankruptcies were declared in Canada. Of those, about 25,000 were filed in Quebec and roughly 17,500 in Ontario. In addition, 63,471 consumer proposals were received in the same year. The total number of…
Read MoreHappy Holidays from Prudent Financial Services
Happy Holidays from the Prudent Financial Services family! We wish you and yours all the best this holiday season and a prosperous New Year. See you in 2018!
Read MoreWinter Car Maintenance: Get Your Car Snow Ready in 1-2-3
Getting your car snow ready can seem to take as long as winter itself. But winter car maintenance really doesn’t need to be a hassle — and keeping on top of it will help save you money and reduce debt in the long run. Here are the top winter car maintenance tips you need to…
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