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Pen on Folio

Surplus Income Limits Directive For 2019

The Office of the Superintendent of Bankruptcy has just issued their 2019 surplus income directive, setting the surplus income limits for 2018. The full text can be found at OSB Directive 11R2-2019 which includes the new 2019 surplus income limits. The surplus income directive comes into force on March 18, 2019 and applies its surplus income limits to all calculations of surplus income made by a …
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Mounting Debt Pressure While Insolvency Rates Stable

An increase in bankruptcies and insolvencies is predicted within the next year: Canadian Association of Insolvency and Restructuring Professionals TORONTO – (November 16, 2018) – Low interest rates and access to credit have allowed some borrowers to keep up with debt repayments that otherwise would have been unmanageable. However, rising interest rates, coupled with near record high consumer debt …
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Pen on Folio

Surplus Income Limits Directive For 2018

The Office of the Superintendent of Bankruptcy has just issued their 2018 surplus income directive, setting the surplus income limits for 2018. The full text can be found at OSB Directive 11R2-2018 which includes the new 2018 surplus income limits. The surplus income directive comes into force on March 19, 2018 and applies its surplus income limits to all calculations of surplus income made by a …
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Calculator

Instant Tax Refund Comes at a Price

Get your tax refund instantly The TV and radio advertisements are clear: “get your refund instantly” and to “never wait for your tax refund”. It’s easy too- your tax refund is loaded onto a prepaid credit card or you can opt to receive your refund by cheque. The tax preparers aren’t secretive about their fees, particularly as the maximum is set out by Canada …
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Piggy Bank with Bandage

Rebuilding Credit After a Proposal or Bankruptcy

One of the most common concerns from the many individuals who trust us with their financial difficulties is rebuilding credit and re-establishing credit. It’s not that these individuals want to run up credit after declaring bankruptcy or filing a consumer proposal, but they have a real concern over how their decision to tackle their debt will impact their next car purchase, renting their next …
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