Ralph Culp & Associates Inc., Licensed Insolvency Trustee

04/17/2018

https://www.facebook.com/CTVNews/posts/2018086018233314

04/12/2018

http://business.financialpost.com/news/economy/dr-debt-warns-canadians-to-get-financial-houses-in-order?utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter =1523543270

Credit counselling expert says with debt loads at a record and little in the way of savings, Canadians may be ‘caught off guard’ if economic threats materialize

04/10/2018

https://ca.yahoo.com/finance/news/tax-filing-tips-you-need-to-know-if-you-want-to-avoid-being-audited-154356566.html

While the CRA doesn’t track statistics on the subject, Jamie Golombek, managing director of tax and estate planning at CIBC, offered his insights to Yahoo Finance Canada. According to Golombek, the most frequent mistake made by Canadians is that they forget to include information from a tax slip o...

04/09/2018

Something to think about...
"Customer service employees from BMO and other big banks have told Go Public that when they increase customers' lines of credit, they earn points towards sales targets, and that sales determine bonuses."

An Ontario woman says she is furious that her bank repeatedly increased the limit on a joint line of credit she had with her then-husband, allowing him to rack up debt for which she is responsible. She wants banks to have to get permission before increasing a customer's line of credit.

04/02/2018

You may qualify for a discounted bus pass for the Region of Peel. Check out this link and see if it applies to you!

If you live and work in Mississauga and can’t afford a monthly bus pass to get to work, you can apply for a discount.

03/29/2018

https://www.thestar.com/business/personal_finance/advice/2018/03/26/cashflow-cookbook-recipe-tax-refund-tartar-with-deduction-extract.html

Paying a tax preparation service to do your return may be a recipe for disaster, writes Gordon Stein in his book Cashflow Cookbook.

03/28/2018

Did your caller ID say CRA but the person on the phone threatened to arrest you? That’s a scam! Double check and make sure the person calling is from the right place. Protect yourself from fraud this tax season: http://ow.ly/1Uf230iCE1q

03/26/2018

Samantha Brookes has been warning Canadians to take a close look at the clauses in their mortgage contracts for years, but her refrain has become a bit more prevalent in recent months. Since the Office of the Superintendent of Financial Institutions' mortgage stress test was implemented in January

03/15/2018

http://business.financialpost.com/news/economy/statistics-canada-reports-household-debt-to-income-ratio-edges-lower?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook

Total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, amounted to $2.13 trillion

03/12/2018

https://www.thestar.com/business/personal_finance/2018/03/12/self-employed-heres-how-to-prepare-your-taxes.html

People new to the side-hustle game may be in for an eye opener when it comes to tax season, say experts.

03/06/2018

The Region of Peel offers free income tax clinics for low-income families. Please see the link for more information:

File your taxes for free. Get your benefits now!

03/05/2018

There is some great advice here. Do not let debt collectors pressure you to pay something you are not responsible for:

Blogger John Schmoll's father left a financial mess when he died: a house that was worth far less than the mortgage, credit card bills in excess of $20,000_and debt collector s who insisted the son was legally obligated to pay what his father owed. Fortunately, Schmoll knew better. "I'