Does not paying taxes affect your credit score?
The amount of tax debt that goes uncollected each year in Canada is estimated to be around $23 billion.
The amount of tax debt that goes uncollected each year in Canada is estimated to be around $23 billion.
The logic behind student loans is a good one. The government invest money in you via student loans so that you can take the further education you need.
With a steadily increasing cost of living in Canada paired with rising interest rates, it is easier than ever to have a missed mortgage payment.
For a growing number of Canadians, it is a truth that is a bitter pill to swallow – ‘my mortgage is too expensive’.
Perhaps you have discovered that your bank has seized money from your bank account to go towards the repayment of a debt that you owe them.
If you are renting while you live in Canada, you likely know how difficult the housing market is across the country right now.
When you are drowning in debt, many of us simply want a debt write off in order to clear our debts for good.
You have likely heard of a consumer proposal, and are perhaps aware of some of its benefits if you are searching for eligibility for a consumer proposal.
Debt can often get confused with ‘borrowing’, and it often has negative connotations.
If you are looking to eliminate your debts and put a stop to creditors contacting you once and for all, you may well be interested in filing bankruptcy.
Bankruptcy is a form of debt relief intended to provide those who file a fresh financial future, reinforced by the Bankruptcy and Insolvency Act.
If you have clicked on this article, it is highly likely you are worried about collections, and want to know ‘how long do collections stay on credit report?’ We are often asked this question, which is understandable given the importance of your credit score.