The Canadian government has not introduced a student loan cancellation program but there are other forms of debt relief you can access for student loans.
tween the two generations and between the haves and have-nots in the same age group.
Debt and romance can be tricky to balance. Discovering that your future partner is carrying a large amount of debt can be a nerve-wracking moment for anyone, as can sharing with them how much you owe.
Find out how CRB and income work. If you earn beyond the income limit, you could wind up having to return some or all of your CRB when you file your taxes.
These businesses may not take immediate action to collect from you, but they can hire a collection agency in Canada or sell it for pennies on the dollar. They can even do this years later, surprising you with collection calls when you’d long forgotten about it.
Learn why you might have been found ineligible for CERB, how you can prove you were eligible if you don’t believe it was a mistake, and how to return CERB payments to the CRA if you can afford to.
Communicating with your bank, credit card company, utilities, or other companies that you’re trying to pay back can actually make it easier to repay all of your debt.
Despite the enormous expense, when people come to us looking to file insolvency proceedings, they often don’t want to give up their car. However, the Licensed Insolvency Trustees at David Sklar & Associates have seen plenty of situations where it made more sense to give it up.
When you become a senior, your relationship with money changes in a drastic way. It’s no longer something you can expect to keep coming in every two weeks through employment income. If you are still working, it’s likely that one of your financial goals is to eventually stop depending on that salary.
When you owe money to the bank, whether it’s through a line of credit or a credit card, the bank can take money right out of your account if you fail to keep up with payments. This is known as the right of offset, and if it happens to you, it can be a serious wake-up call that forces you to deal with financial difficulties.
