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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.

Feb 28, 2023

Does Owing Taxes to The CRA Affect Your Credit Score?

Owing money to the Canada Revenue Agency (CRA) differs from other financial obligations, like credit card debt or bank loans. However,...

Feb 28, 2023

What’s The Best Way to Fix My Credit Score?

If you have a bad credit score, you’ll pay higher interest rates and have difficulty getting loans, renting an apartment or buying a...

Feb 6, 2023

How to File a Consumer Proposal Without Leaving Your House

Filing a consumer proposal to get out of debt is easier than ever, thanks to the team of licensed insolvency trustees at D. & A. MacLeod...

Feb 6, 2023

Is My Business Liable for My Personal Debt?

Are you an entrepreneur or small business owner dealing with personal debt concerns? Even at the top of your professional game,...

Nov 14, 2022

WHAT DO RISING INTEREST RATES MEAN IF YOU'RE ALREADY IN DEBT?

Like most Canadians, you’ve probably incurred debt at some point in your life to cover a major expense. Did you know the Bank of Canada’s...

Nov 14, 2022

HOW DO YOU QUALIFY FOR A CONSUMER PROPOSAL?

Are you struggling to pay the bills on your debt? Filing a consumer proposal might be the best way to improve your finances, avoid...

Sep 22, 2022

GST/HST CREDIT RATE HIKE TO HELP FAMILIES FROM SINKING INTO DEBT

If you’re struggling with credit card debt, car payments and a rising cost of living, the latest GST/HST Credit hike unveiled by the...

Jul 17, 2022

HOW CANADA’S NEW AFFORDABILITY PLAN FIGHTS INFLATION AND HELPS THOSE STRUGGLING FINANCIALLY OR IN DE

In response to soaring inflation, the federal government is trying to help ease many Canadians’ financial burdens. In June 2022, Ottawa...

Jun 19, 2022

STAY OUT OF DEBT BY AVOIDING THESE TOP 8 MONEY TRAPS

According to Credit Canada, the average consumer debt for a two-person household in this country is more than $41,000, excluding...

Jun 13, 2022

DECLARING BANKRUPTCY WHEN FILING FOR DIVORCE IN ONTARIO

Divorce comes with financial challenges. Legal fees, housing, and alimony can quickly become a mountain of debt. One in five personal...

May 5, 2022

CONSUMER PROPOSAL TIMELINE: WHAT TO EXPECT

A consumer proposal is a method of getting out of large amounts of debt while avoiding personal bankruptcy and protecting your assets....

Apr 28, 2022

The Threat Of Business Bankruptcy In 2022 And What You Can Do

Business bankruptcy numbers are increasing in Canada at an alarming rate, and the situation may soon worsen. Small and medium-sized...

Apr 17, 2022

HOW TO FIND THE RIGHT DEBT PROFESSIONAL FOR YOU

If you’re in debt and contemplating bankruptcy, you may be desperate to seek assistance from the first person who offers to help....

Apr 13, 2022

5 WAYS TO FINANCE A HOME RENOVATION

Renovating your home is an exciting prospect. However, it comes with a fair share of stressors, one of the biggest being the question of...

Mar 22, 2022

BANKRUPTCY FRAUD: WHAT IT IS AND HOW TO AVOID IT

Most people who file for bankruptcy are honest individuals who have fallen upon hard times through divorce, unemployment, health problems...

Mar 22, 2022

5 COMMON CREDIT CARD MISTAKES

When used responsibly, a credit card can be a fantastic asset. For example, you can earn cashback and rewards with every use....

Feb 7, 2022

HOW FILING FOR PERSONAL BANKRUPTCY CAN AFFECT YOUR BUSINESS

Filing for personal bankruptcy can negatively affect your business, depending on how it’s structured. Before filing, you should be aware...

Feb 2, 2022

TURNING 71: WHAT TO DO WITH YOUR RRSP

At 71, Canadians must close their registered retirement savings plans (RRSPs). How much you have in your RRSP depends on how long you’ve...

Jan 17, 2022

5 BEHAVIOURS THAT MIGHT BE HURTING YOUR CREDIT RATING

Just because you pay your rent on time doesn’t necessarily mean your credit score is as good as it could be. Some seemingly innocent...

Dec 7, 2021

5 THINGS YOU SHOULD KNOW ABOUT CONTRIBUTING TO YOUR SPOUSE’S RRSP

Are you married or in a common-law relationship? Do you make considerably more than your spouse? If so, you may want to consider making...