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Rich, Richer. Poor, Poorer
Apparently the wealth gap is growing in this country, as the rich get richer and the poor get poorer. So says the Broadbent Institute, supporting its case with StatsCan numbers. Canada’s poorest 10% saw their net worth plummet some 150% since 2005, while the top 10% jumped...
Back to School Budgeting Tips
Parents everywhere can breathe a sigh of relief as their kids go back to school. However their happiness at no longer having to keep young ones amused is tempered by the worry of school-related costs: supplies, class trips, clothing, etc. We feel your pain. Here are some...
Long Car Loans Drive us into Debt
Canadians are driving into fast debt with slow repayment car loans. Taking advantage of low interest rates and small-to-zero down payments, they are buying cars in record numbers. According to an August 2014 Financial Post article, rather than four to five years, many of us...
Garnishee Order- How Do I Stop Wage Garnishment In Ontario?
A creditor or collection agency has placed a Garnishee Order against you, and you are wondering "how do I stop wage garnishment in Ontario?" Wage garnishments can cause a devastating blow in your life and pack a double whammy. Not only do you lose control of your finances...
10 Signs of Debt Trouble
If you don't live in Egypt, being in denial is a bad thing. Most of us carry some form of debt, whether it's a car loan or a credit card balance that we just can't manage to pay off this month. But when does debt load become dangerous? Well, one sign is when you don't…...
Why Do People Go Bankrupt?
Well, because their debts exceed their means to pay them. OK, after stating the obvious, here's a bit more detail. More than 118,000 Canadians a year are filing for bankruptcy or doing consumer proposals. Here are some of the top reasons why. Excessive Use of Credit Not...
Cheap Summer Fun in Toronto
We all like to take nice summer vacations. But long car trips, travel abroad, cottage rentals and even camping can strain the pocketbook. If you are trying to save money this summer, why not stay in the city and enjoy some of its pleasures? Yes, Toronto has lots of pricey...
Our first tv commercial
This is a look back at one of our first TV commercials. Wow how time flies...
Scared to Death of Taxes
Death and taxes are inevitable. For some they are the same thing. Fear of the tax man may be justified. As a creditor he has super collection powers that ensure that most people don't have a smile on their face when they receive a notice from the Canadian Revenue Agency...
What Happens to My Retirement?
Hi. I’m Richard Killen from Richard Killen & Associates. Just because you’re retired or approaching retirement doesn’t mean you can’t run into credit or debt problems. If that comes about, one of the concerns you may have is what will happen to your retirement savings...
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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