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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 to keep in mind when refinancing your home

Brandon Smith, CIRP, LIT May 24, 2023 According to the Canadian Bankers Association, in December 2020 Canadian homeowners had an average home equity of 73% of the home’s value. I suspect this statistic is largely attributed to mature homeowners...

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Impact of Inflation and Recession on Debt Repayment

Nathan Sugeng, CIRP, LIT May 5, 2023 Inflation is a sustained increase in the general level of prices for goods and services in an economy over a period of time. It means that the purchasing power of money decreases as the cost of goods and...

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Protect yourself from financial scams

Andy Fisher, CIRP, LIT March 22, 2023 Financial scams can happen to anyone, regardless of their age, income, or level of education. These scams are designed to trick people out of their hard-earned money, often leaving victims in a difficult...

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How to build a solid family financial plan

Andrew Mansfield, Financial Planner March 2, 2023 I grew up in a generation where, when a conversation about money was happening, I was asked to go to the other room. It was a taboo subject that was talked about in private rather than an open family conversation....

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Inheritance: Using Family Day to Start a Conversation with Your Heirs

Craig Fryzuk, CIRP, LIT February 14, 2023 RBC Wealth Management reported that Baby Boomers in Canada are set to transfer a whopping $150 billion to their heirs by 2026. In the US, that number is closer to $68 trillion. It will be the largest...

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Change Your Financial Habits in the Year of the Rabbit

Rita Anderson, CIRP, LIT January 24, 2023 Want to feel lucky with your money but do not want to buy lotto tickets? It’s the Year of the Rabbit, the luckiest of all animals in the Chinese culture. If you want 2023 to be a year with luck, you...

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Holiday Saving Tips

Pamela Meger, CIRP, LIT December 8, 2022 The Holiday season should be a happy time of year for all to enjoy spending time with their loved ones. Unfortunately, it can also be a stressful time of year due to the financial pressures of multiple...

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Top 5 Financial Pitfalls for Seniors and Advice on How to Avoid Them

Colleen Craig, CPA, CA, FCIRP, LIT November 21, 2022 Increasingly seniors make up a greater percentage of debtors who find themselves in financial straights and in need of assistance from a Licensed Insolvency Trustee. These are the Top 5 financial pitfalls...

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Tips for Navigating Back-to-School Financial Stress

Craig Fryzuk, CIRP, LIT September 21, 2022 All across the country, students are starting a new school year this month. Smiling, eager teachers are greeting them at the doors. There’s no doubt, September is a time of exciting transitions for many—and...

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