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June 6, 2022
Rise in business bankruptcies could signal a wave of defaults to come: expert
The number of bankruptcies filed by Canadian businesses is on the rise. According to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), there were 807 business bankruptcies...
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June 6, 2022
Canadians may see a 0.5% interest rate hike this week thanks to ‘persistent’ inflation
The Bank of Canada is likely to hike its benchmark interest rate another half a percentage point on June 1, further raising the cost of borrowing to tackle “persistent” inflation levels not seen in...
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Welcome to the official blog of the Canadian Association of Insolvency and Restructuring Professionals! We hope you will enjoy insightful and informative posts by our team of expert bloggers on a wide range of topics, including individual, small business and corporate insolvencies, budgeting, financial planning, credit rebuilding and other money management tips for anyone looking to live a debt free life.
Mortgage 101
June 16, 2022
At the time of writing, the sale price of the average home in Canada is over $800,000 and well over $1 million in major urban centres like Toronto and Vancouver. Let’s face it, if you have made the decision...
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Spring Cleaning your Finances
April 25, 2022
As the weather improves, so does our motivation to spring clean our homes and gardens. But what about your finances? Here are five ways to spring clean your finances:
Take Inventory
* Pull your...
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Tax Planning and Saving Tips to Deal with Income Tax Debt
March 2, 2022
We’ve all heard that “nothing is certain except death and taxes.” While death cannot be avoided, living a healthy life can certainly put off the inevitable for as long as possible. The same is...
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