CAIRP

Canadian Association of Insolvency and Restructuring Professionals

Blogs

Welcome to the official blog of the Canadian Association of Insolvency and Restructuring Professionals! We hope you will enjoy insightful and informative posts by our team of expert bloggers on a wide range of topics, including individual, small business and corporate insolvencies, budgeting, financial planning, credit rebuilding and other money management tips for anyone looking to live a debt free life.

What happens to your debt when you die?

Brandon Smith, CIRP, LIT October 10, 2024 The age old saying “you can’t take it with you” is interpreted to mean that your money and possessions cannot transcend beyond the grave, and therefore you should enjoy yourself while you are alive....

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Back to School Season

Collin LeGall, CPA, CMA, CIRP, LIT September 13, 2024 It's that time of year again and retailers are busy trying to encourage you to spend money with them! As exciting as it may be, this can be a stressful time for parents trying to budget for all the necessary...

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The Impact of Bankruptcy on Shareholders and Directors of Small and Medium Enterprises in Canada

Nathan Sugeng, MBA, CIRP, LIT August 9, 2024 Bankruptcy can be a daunting prospect for any business, but it is particularly significant for shareholders and directors of small and medium enterprises (SMEs). When a company incorporated under provincial...

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Avoiding a Fall Financial Hangover

Daniel Budd, CIRP, LIT June 25, 2024 Living in Montreal, there are two times a year when it becomes very difficult to control your spending. During the depths of winter, Montreal can be harsh and unforgiving, and I am not just talking about...

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It’s OK not to be a homeowner

Andy Fisher, CIRP, LIT May 30, 2024 The great Canadian Dream is to own a house. Many Canadians grow up with the expectation that at some point they will own their own home.  We are constantly seeing news about government officials, economists,...

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Ways to save up to buy your first home

Andy Fisher, CIRP, LIT May 14, 2024 Buying a new home can be a very exciting (and stressful) time.  In order to ensure the process goes as smoothly as possible and to minimize the risk of getting in over your head, it’s important that...

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Spring Cleaning Ideas for Your Small Business

Colleen Craig, CIRP, LIT April 18, 2024 As the snow melts away and flowers begin to bloom, it's not just our homes that could use a bit of spring cleaning—our small businesses could benefit from a refresh too. As a Canadian Licensed Insolvency...

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How to resolve and avoid tax debt

Braden Burritt, CIRP, LIT March 21, 2024 Owing income tax debt to Canada Revenue Agency (CRA) can make one uneasy. An unexpected tax bill can strain your finances and feel overwhelming to manage before the CRA’s payment deadline. Dealing with...

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Tips for Building a Strong Financial Plan as a Couple

Mary Ann Marriott, CIRP, LIT February 14, 2024 Dealing with money as a couple can be a daunting task. However, it is critical to maintain peace and harmony in a relationship and to have a secure financial future. But where does one (or two) start?...

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How to Make This Year a Financial Success

Pamela Meger, CIRP, LIT January 25, 2024 A guide to improving your financial health and well-being. Many people start the new year with the goal of improving their financial situation, but often struggle to stick to their plans or achieve their...

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Stress-Free Holiday Spending Tips

Collin LeGall, CIRP, LIT December 8, 2023 The holiday season is a time of joy, celebration and often, overspending. It is easy to get caught up in the excitement of the holidays and end up with a hefty credit card bill come January. However, with...

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More Month Than Money

Maureen Babin, Financial Advisor, Amarack Financial November 27, 2023 We have all heard the saying … more month than money. What does it mean? Essentially that your money is running out before your next paycheque arrives. It can be worse than living paycheque to paycheque...

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