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