Canadian Association of Insolvency and Restructuring Professionals

Debt Solutions for Individuals

Les Fins de Mois Arrivent Vite

November 27, 2023Nous avons tous entendu l’adage selon lequel les fins de mois arrivent vite. Qu’est-ce que cela signifie? En fait, cela veut dire que votre argent s’épuise avant même votre prochain chèque de...

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More Month Than Money

November 27, 2023We 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?

November 20, 2023Bad 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

November 16, 2023Debt 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!!

November 8, 2023Understanding 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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Impact of Inflation and Recession on Debt Repayment

May 5, 2023Inflation 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, 2023Financial 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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Change Your Financial Habits in the Year of the Rabbit

January 24, 2023Want 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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Free Yourself from Financial Debts

July 27, 2021If you were to google “Steps to Financial Freedom,” there is no shortage of experts’ suggestions, tips, Top 10 lists, publications and posts, outlining the best way to achieve financial freedom....

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How to get your debt under control

January 29, 2021It’s a new year with new beginnings. When polled by CIBC, tackling debt remained the top financial priority for most Canadians. Debt-to-income ratio is a measure of how much debt a household has relative to its income.

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How insurance may reduce risk of income loss

October 8, 2020Many financial advisers and counsellors recommend saving a few months expenses to cover contingencies such as job loss.  Insurance coverage for income loss may be an alternative for long term external factors beyond our control such as the current COVID-19 pandemic.

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Why an LIT?

May 27, 2020When I set out to write this article, I was expecting it to be published at a time that many Canadians were receiving their income tax notices of assessment. That normally comes with some anxiety as income...

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