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READ OUR DEBT HELP, MANAGEMENT & ADVICE BLOG

D. & A. MacLeod Company Ltd.’s blog is your resource for understanding the finer points of debt management as well as for financial tips and tricks in Ottawa and across Eastern Ontario. If you have any questions, please don’t hesitate to contact us.

Jan 26

How to Manage Debt Load With Changing and Fluctuating Interest Rates

Fluctuating interest rates can have a profound influence on household finances. When interest rates rise, borrowing becomes costlier, and...

Jan 18

Mortgages And Debt: Are You Ready For Renewal?

During the pandemic, Ontarians enjoyed historically low interest rates, making homeownership more accessible. However, as mortgage...

Jan 18

How To Recognize Popular Scams Identified By the CRA

Every tax season, the Canada Revenue Agency (CRA) demands Canadians pay their fair share of taxes. But they’re not the only ones looking...

Oct 23, 2023

How Gen Z's Spending Their Money – Managing Their Debt

Born between the mid-1990s and early 2010s, Generation Z is now actively entering the workforce, looking for financial stability. A...

Oct 20, 2023

Cryptocurrency Investments: Things to Consider

Cryptocurrencies are a hot trend that can impact your financial health in both positive and negative ways. Understanding the risks and...

Oct 5, 2023

What Happens to Your Debt When You Die?

You may wonder whether your loved ones will be responsible for paying off your debt when you die. Dealing with the passing of a loved one...

Oct 5, 2023

What Happens When You Can’t Make Your Student Loan Payments Due To Debt?

Student debt can be a burden, especially if you’re already struggling with other financial obligations such as credit card debt, car...

Sep 28, 2023

Personal Debt & Lines of Credit: What You Should Know

A line of credit can be a valuable tool for financing projects, emergency expenses and repayment of higher-interest debt. However, using...

Sep 28, 2023

Are Investment Properties Worth The Risk?

During the COVID-19 pandemic, many people rushed to capitalize on historically low interest rates and invested in rental properties....

Jul 25, 2023

What Happens When You Don't Pay Your Credit Card Bill?

Are you considering putting off your credit card payment to make ends meet? That decision could have serious consequences for your...

Jun 18, 2023

When Does Interest Start on Credit Cards?

Credit card companies start charging you interest the day you fail to pay the full balance at the end of the month. Once that happens,...

Jun 15, 2023

Making a Proposal to the Canada Revenue Agency: Steps to Resolve Your Tax Debt

Mounting tax debt can become a financial burden that can seem insurmountable. If you owe taxes to the Canada Revenue Agency (CRA), you...

May 16, 2023

The Implications of Cancelling a Credit Card: What You Need to Know

Are you considering cancelling a credit card to reduce your monthly expenses? You may be tired of paying fees on a credit card you never...

May 16, 2023

What Happens During a Credit Counselling Session?

Credit counselling is an effective way to take control of mounting debt for individuals and families struggling with their finances....

Apr 18, 2023

How Much Debt Is "Normal"?

Having a certain amount of debt is normal. In fact, most Canadians are in debt to some extent, through credit cards, mortgages, student...

Apr 18, 2023

What Happens When Your Parents Declare Bankruptcy?

More older Canadians than ever are struggling financially. Mortgage payments, medical costs and mounting credit card debt can be...

Apr 17, 2023

Corporate Restructuring vs. Bankruptcy: What You Need to Know for Your Struggling Business

Do you own a business? Are you struggling financially and unsure how to get back on track? Instead of filing for bankruptcy, corporate...

Apr 17, 2023

Understanding Credit Status for ODSP Clients: A Guide to Credit Cards and Debt

If you’re on the Ontario Disability Support Program (ODSP), you may be wondering how it affects your credit status. Whether you’re a...

Apr 3, 2023

Does The CRA Forgive Tax Debt?

Overcoming tax debt is challenging. The Canada Revenue Agency (CRA) offers no debt forgiveness and can garnish your wages, withhold...

Mar 14, 2023

What Happens If My Consumer Proposal Is Annulled?

Have you filed a consumer proposal to help you manage mounting debt? As inflation surges, keeping up with payments can be difficult. If...