Financial News (Page 3)
How to Gauge Your Level of Financial Stability
Financially stability, what does that mean exactly? If you’re thinking “this is a topic for rich people” think again. Being…
Save Money on Christmas Shopping and Holiday Expenses
This Christmas shopping season, a survey conducted by Deloitte Canada reported that each Canadian household plans to spend $1520 each this…
Financial Literacy: The Importance of Talking to Kids About Money
As a child, I was fascinated by money. At eight years old, I would take the out-of-circulation bills my father…
Emergency Funds or Debt – Where to Put Money First?
As you stare at your account balances, you wonder what to do. Should you put that bonus you just got…
Remission Review: Money Back in Your Pocket
Occasionally, taxpayers encounter incorrect tax assessments. Leading to them owing a large amount of money made up of mostly penalties…
Best Time to Take OAS and CPP Payments
Thinking about retirement can be overwhelming even for the most financially savvy among us. It’s easy to avoid conversations about…
The Labour Market is Changing Why, How, and What Does it Mean For You?
Currently, the Canadian labour market is living through unprecedented times. The job market is the tightest its ever been due…
Using RRSP to Pay Off Debt
Many Canadians struggle to make ends meet within the current economic climate. On top of recovering from the global pandemic,…
Revolving Credit vs Installment Credit
As many of us know, one of the only ways to start making large purchases is to build a solid…
Mortgage Breaking Penalty – What is it and when it’s worth it.
Though mortgages are an excellent solution for those looking to own a home, they haven’t been spared from the current…
Protect Your Finances During a Recession
Over the last couple of years, we’ve been dealing with a lot of turmoil around the world. Many of us…
What is an Overdraft?
Overdrafts occur when an account has insufficient funds to cover a transaction, but the bank allows it to go through…
What to do if you’re facing wage garnishment
Many are struggling with high inflation and high housing costs. Some are struggling so much they’re facing wage garnishment. These…
High-Interest Loans – How to Avoid Predatory Lending
Inflation has risen again, hitting a new 39-year high of 8.1%. The Bank of Canada has also increased policy interest…
2022 First-Half Scholarship Winner
Our Scholarship Essay Writing Prompt: Have you altered your expectations regarding finding a job, where you will work, and the…
Government Imposes New Rules for Borrowing Against Home Equity
Houses are thought to be one of the safest investments. By purchasing a home, you are locking in a nest…
Buy Now, Pay Later – Good or Bad Idea?
The eCommerce surge during the pandemic nudged many Canadians into buying online. The “buy now, pay later” concept isn’t new,…
Gambling Addiction and Debt
For some, poor money management skills is an inability to develop healthy financial habits. Others, struggle with an addiction to…
What is Financial Therapy?
People stressing over money go as far back as money itself. Until recently, this stress was historically attached to recessions…
How a Credit Counsellor Can Help You
Owing money is a very personal problem. Some people are embarrassed that they can’t pay their bills. Some are so…
Retail Therapy – There Are Better Alternatives
Does stepping inside a mall put a spring in your step? Does shopping help you forget your troubles? If so,…
Taking On the No-Spend Challenge
You would like some savings as an emergency fund. It would be nice to pay cash for that new barbeque…
Credit Card Debt, What it’s Actually Costing You
There are a staggering 76.2 million credit cards in circulation in Canada. That’s only taking MasterCard and Visa into consideration.…
What Does an Ontario PC Government Mean for Family Finances?
Election results are in so it’s time to take another look at your family’s finances. Ontario Premier Doug Ford has…
CERB Repayment – What to do if You Can’t Afford to Pay the Money Back
During COVID, lockdowns led to many not being able to work. To help those out of a job because of…
The History of Income vs Inflation in Canada
A vital sign of the success of Canada’s monetary policy is inflation. Inflation is the rate of change in consumer…
In-Demand Skills that Increase Income
We are in difficult economic times. Between high home prices, inflation and high national debt, it can be a challenge…
Being Underpaid? How to Know and What to Do About It
It almost feels like time is ticking backwards. You check the clock again. Less than an hour to lunch, but…
Stretching Your Income During High Inflation
During periods of high inflation, everyone wants to find creative and simple ways to stretch their income. Unfortunately, many of…
Higher Non-Resident Speculation Tax Means Affordable Housing for Canadians
What is the Non-resident Speculation Tax and why is it being implemented? Who has to pay NRST and why exemptions…
Thank you for your application!
Consolidated Credit has helped more than 500,000 Canadians in 15 years find relief from debt. Now we’re here to help you.
A Trained Credit Counsellor will be calling you at the number you provided. They’ll complete your free debt and budget analysis, then discuss the best options for getting out of debt with you. If you qualify to enroll in a debt management program, your counsellor can also help you enroll immediately.
For immediate assistance, please call:
Hours of Operation:
Monday – Thursday 8:30AM to 8PM (EST)
Friday 8:30AM to 6PM (EST)
Saturday 9AM to 2PM (EST)
505 Consumers Road, Suite 400
Toronto, Ontario M2J 4V8
Ontario Registration #: 4705786
