Interest rates: Introduction From the 2023 Federal Budget, the Canadian federal government has garnered significant attention for its proposed measures regarding interest rates on predatory loans. This initiative has been lauded by activists as a commendable effort towards safeguarding consumer interests, promoting financial inclusivity, and antipoverty measures. The budget aims to oversee the financial sector […]
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The Ira Smith Trustee Team is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. We hope that you and your family are safe and healthy. Canadian consumer debt introduction On November 30, 2020, Equifax Canada reported that total Canadian consumer debt climbed 3.8% to […]
If you would prefer to listen to an audio version of this what is a division i proposal Brandon’s Blog, please scroll to the bottom and click on the podcast Introduction Over recent times, I have been receiving increased inquiries as to what is a division i proposal. The purpose of this Brandon’s Blog is […]
This video is courtesy of ABC News. References to IRS can be replaced with CRA. The top consumer scams to watch for in 2017 will know no geographical boundaries. Top Consumer Scams To Watch For In 2017: Introduction Consumer experts are already predicting the rip-offs and top consumer scams to watch for in 2017. Our […]
Consumer debt Canada: Introduction Consumer debt Canada and household debt as a percentage of income remains a hot topic these days. The high household debt as a percentage of income coupled with a Toronto housing boom and until recently a Vancouver housing boom, puts Canada’s economy at risk. Whenever we thought that Canada’s consumer debt […]
In last week’s blog we discussed the stakeholders and key players and their roles in a corporate restructuring. This week we’ll be addressing the Division 1 Proposal, commonly referred to as a Commercial Proposal or the Proposal. What is a Division 1 Proposal? The Division 1 Proposal is a legal document typically drawn up by […]
Tariff Introduction As a licensed insolvency trustee serving the Greater Toronto Area, I’ve seen firsthand how unexpected financial pressures can push individuals and businesses to the brink. One growing concern for Canadians is the impact of United States tariffs on our economy, businesses, and finances. In this Brandon’s Blog, I explore how the claims surrounding […]
mortgage delinquencies Mortgage Delinquencies Introduction Have you been keeping up with your bills lately? You might have spotted a troubling trend in financial news. More and more Ontario homeowners are trying to keep up with their mortgage payments. Last quarter alone, over 11,000 mortgage delinquencies were recorded—nearly triple what we saw back in 2022! I’ve been […]
Insolvency lawyer introduction So you’ve been through a tough time with debt, and you’re thinking about starting a business? Well, the goal of the Canadian insolvency system is to allow people in financial distress to bounce back, even after dealing with bankruptcy or a consumer proposal. In this Brandon’s Blog, I discuss why you need […]
What is a Trustee in Canada? Trusts might seem a little confusing, but they’re super important when it comes to managing assets and making sure your wishes are respected. Whether you’re involved with a trustee in Canada as a settlor, a beneficiary, or especially as the trustee, it’s really important to know what your responsibilities […]