Approximately 8 million Canadians received CERB and CRB benefits in the last two years.  Now CRA is asking some 1.7 million Canadians to repay their CERB and CRB overpayments.  That’s more than 1 in 5 people who received CERB and CRB benefits that are now under review as CERB and CRB overpayments. The programs rolled […]

Thinking about filing for bankruptcy but worried about what assets you might lose?  Here’s a summary of what you can keep! The dollar value of the exemption is based on the resale value of the item in as-is where-is condition, not what it would cost you to replace.  Think garage sale or Facebook Marketplace value.  […]

It’s #BellLetsTalk day and now more than ever, it’s time to talk.  If your debts are adding stress to your life, we can help.  Don’t suffer in silence.  You don’t have to face your financial problems alone.  We will listen to understand your situation, then talk about your options with you and answer your questions.  […]

As 2021 drew to a close, nearly half of Canadians were resolving to pay down debt in 2022.  With the Omicron variant still spreading quickly, Canadians are facing a variety of restrictions and lockdowns again.  There is a growing disparity between those who are enjoying financial success, and those who are facing financial disaster. Inflation [...]

It’s almost a year since I last wrote about Covid assistance for businesses.  It’s hard to believe we’re still on the same treadmill, but here we are with the Omicron wave pushing healthcare systems to the limit and a variety of lockdown and capacity limits in place across the country. The federal government announced this […]

Wondering how bankruptcy works in Canada? Many people think you need a lawyer to help you go bankrupt but that is not true. In Canada, you need the help of a Licensed Insolvency Trustee like Vine and Williams (an LIT).

Are you struggling with debt or you work in a job that has been severely impacted by repeated and lengthy Covid shutdowns? Are you looking for ways to deal with your credit card and other debts?

If you owe money to Canada Revenue Agency (CRA) they have powerful collection tools unlike any other creditor. One of these tools is a tax lien. If you own real property (house, cottage, land, rental property, etc) and you owe CRA, they can register a lien on the title to your property. The lien acts just like a mortgage.

Most people we meet never expected to be in financial difficulty. This is particularly true right now. Covid has hit hard and people who have been financially responsible their whole lives are afraid for themselves and for their families.

With the latest shutdown, we have been talking to more business owners who are on the brink of permanently closing their businesses, or they have already done so and they don’t know where to turn.  The government assistance just isn’t enough to see them through, and if they do continue, they are under a growing mountain of debt.