CAIRP

Canadian Association of Insolvency and Restructuring Professionals

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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.

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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Good vs. bad debt: Are you borrowing money wisely?

Braden Burritt, CIRP, LIT November 20, 2023 Bad debt can lead to unescapable interest costs, damaged credit, and failed financial goals. With most Canadians carrying some sort of debt, how can you tell which type of debt is good or bad? The answer...

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Assessing Your Progress in Managing and Paying Down Your Debt

April Stroink, Money Coach November 16, 2023 Debt can be a formidable adversary on the road to financial freedom. Whether it's student loans, credit card balances, or a mortgage, most of us have some form of debt in our lives. While it's not necessarily...

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Check up on your Debt!!

Pamela Meger, CIRP, LIT November 8, 2023 Understanding your debt in today’s economy is more important than it has ever been.  With interest rates from near zero to the highest they have been in close to two decades, individuals are becoming...

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Modeling Financial Behavior

Colleen Craig, CPA, CA, FCIRP, LIT September 27, 2023 September is always a season of change. As young children take their first steps into learning, older children begin to consider their options for work life or post-secondary education. As parents, guardians...

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Planning for Retirement: Age-appropriate Advice

Mary Ann Marriott, CIRP, LIT and Maureen Babin, Financial Advisor, Amarack Financial September 20, 2023 When it comes to planning for retirement, there are two very different groups of people. The first group consists of those who start planning early and the second group consists of those who had a late...

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Is there such a thing as "Debt-Free"?

Jim Moses, CIRP, LIT August 16, 2023 In theory, it is possible to be debt-free. Being debt-free means that you do not owe any money to lenders or creditors, so you have no monthly payments or interest charges to pay off. This situation can...

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