Blog 2017-11-29T18:26:25+00:00

Her Majesty the Queen and Callidus Capital Corporation

The case of Her Majesty the Queen and Callidus Capital Corporation can be viewed here. We have also highlighted some of the more relevant factors considered in the case. Essentially the case outlines the Court’s perspective on whether the bankruptcy of a tax debtor and subsection 222(1.1) of the Excise Tax Act R.S.C. 1986 c.E15, as amended (the “ETA”) renders the deemed trust under S.222 [...]

October 16th, 2017|

Bankruptcy – second time around

You’ve been bankrupt once due to life circumstances – a job loss, a divorce, lack of knowledge about managing debt, or other issues. Once discharged from bankruptcy, you started to claim your life back, re-built your credit rating and acquired debt. Life is full of reoccurring challenges and you may find yourself dealing with serious financial issues again. You may consider filing for bankruptcy [...]

January 26th, 2017|

2016 – Your Year of Financial Recovery

Did you meet your financial goals for 2015? Or did you track your expenses for a couple of months and then fall back into old habits of spending without accountability? Have you already forgotten about your 2016 financial New Year’s resolutions? Media coverage on the high level of debt Canadians are carrying may make you feel better about your own situation – you are in [...]

February 9th, 2016|

Spring clean your finances too

Finally, the weather is warmer and we can come out of our winter hibernation. We feel the urge to spring clean our residences and our yards. Spending time outside also allows you to avoid those never-ending phone calls from collection agencies. Now is not the time to avoid your debt – spring clean it – just as you would your house and gardens. Here [...]

April 21st, 2015|

Consumers Beware – Gift Cards

It’s that time of year when we are all overwhelmed with seasonal events and Christmas shopping. What is the perfect gift for that person who has everything? A gift card or certificate seems like the ideal solution. A few ideas you may want to consider before spending your hard earned money: Purchase gift cards/certificates from a long standing, reputable business. Unfortunately, if the business closes [...]

December 3rd, 2014|

Why Choose a Consumer Proposal?

You make a decent income and own your own home but can’t seem to reduce your total debt load even though you make your monthly payments on time. The 29% interest charged on some credit cards makes it difficult to reduce the principal debt owing. A consumer proposal may be the solution that will finally provide you a plan to eliminate your debt. A few [...]

August 1st, 2014|