Blog
Debt Repayment vs Vacation: How to Balance Fun and Financial Freedom
As a Licensed Insolvency Trustee, I often speak with Canadians trying to make sense of debt repayment vs vacation decisions as summer approaches. Summer in Canada brings a familiar tension for many households: the desire to enjoy a well-earned vacation versus the...
Job Loss & Debt in Canada: How a Licensed Insolvency Trustee Can Help You Regain Control
Losing your job is one of the most stressful financial events a person can experience. In Canada, where household debt levels are already high, even a short period of unemployment can quickly turn manageable obligations into overwhelming pressure. Mortgage payments, rent...
CRA Debt Canada: Why Waiting Until September Costs You More
For many Canadians, CRA debt feels manageable in the moment—something that can be dealt with “later.” But for thousands of households, that “later” often becomes September and by then, the problem has already grown. If you received a Notice of Assessment in the spring or...
Summer Vacation on Credit? What a Licensed Insolvency Trustee Wants You to Know About Vacation Debt in Canada
For many Canadians, summer is something to look forward to all year. It’s a time to unwind, reconnect with family, and take a well-deserved break from routine—but for some, vacation debt in Canada is becoming an increasingly common part of the experience. As travel costs...
The Canada Groceries and Essentials Benefit 2026: What It Means for Your Budget and Debt
Many Canadians are hearing about a new federal benefit launching in July 2026 designed to help with everyday costs like groceries and essentials. At first glance, the Canada Groceries and Essentials Benefit 2026 sounds like welcome relief in a period of rising living...
CRA Payment Arrangement: Can You Still Set One Up in Summer?
As a Licensed Insolvency Trustee, I often see a predictable pattern each year: by the time June and July arrive, many Canadians—especially here in Toronto—who are considering a CRA payment arrangement have opened their Notice of Assessment and felt that sinking realization...
Toronto Mortgage Renewal 2026: What Happens When Your Payments Jump by $1,000?
For many homeowners, the Toronto mortgage renewal 2026 wave isn’t just a routine milestone—it’s a financial shock. If you bought your home in 2021, you likely secured a historically low interest rate. Now, five years later, you could be renewing at a rate that dramatically...
What to Do If You Can’t Pay Taxes Canada by April 30
As a Licensed Insolvency Trustee, I often hear the same concern every spring: “What happens if I can’t pay taxes in Canada by the April 30 deadline?” This situation is more common than many realize, and while it can feel overwhelming, there are structured steps and...
Is It Too Late to Fix Debt Before Tax Deadline?
If you’re feeling stressed about looming obligations and wondering whether it’s too late to fix debt before the tax deadline, you’re not alone. Many Canadians wait until the last minute to organize their finances, but there are still steps you can take to regain control and...
Should You Use Tax Refund to Pay Off Credit Card Debt?
Every spring, many people ask whether they should use tax refund to pay off credit card debt, or if that money would be better saved for emergencies. As someone who works closely with individuals and families facing financial pressure, I’ve seen this decision go both ways...
Contact Richard Killen
FREE No Commitment Consultation
Contact us now for a fresh start!
“Serving Toronto & the GTA for over 25 years.”
Recent Blog Posts
- Debt Repayment vs Vacation: How to Balance Fun and Financial Freedom
- Job Loss & Debt in Canada: How a Licensed Insolvency Trustee Can Help You Regain Control
- CRA Debt Canada: Why Waiting Until September Costs You More
- Summer Vacation on Credit? What a Licensed Insolvency Trustee Wants You to Know About Vacation Debt in Canada
- The Canada Groceries and Essentials Benefit 2026: What It Means for Your Budget and Debt