Industry Views & NewsBlogs
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
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
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
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
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
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
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
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
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
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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Mortgage 101
June 16, 2022
At the time of writing, the sale price of the average home in Canada is over $800,000 and well over $1 million in major urban centres like Toronto and Vancouver. Let’s face it, if you have made the decision...
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Spring Cleaning your Finances
April 25, 2022
As the weather improves, so does our motivation to spring clean our homes and gardens. But what about your finances? Here are five ways to spring clean your finances:
Take Inventory
* Pull your...
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Tax Planning and Saving Tips to Deal with Income Tax Debt
March 2, 2022
We’ve all heard that “nothing is certain except death and taxes.” While death cannot be avoided, living a healthy life can certainly put off the inevitable for as long as possible. The same is...
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