In case you missed the top personal finance blogs of the year, we’ve recapped them below.
- Owe income tax in Canada but can’t pay? Here’s what to do: Canada Revenue Agency has great powers to make you pay back any owed income tax. They can seize your bank account, garnish your wages and may even register a lien on your home.
- 7 spending habits you should change immediately: Bad spending habits could be holding you back from financial freedom. Some of those habits may not seem like a big deal, but they can lead to you wasting a lot of money over a year.
- What to do if you can’t pay your student loan in Canada: The average borrower takes between nine and 15 years to fully pay off their student loan, with the average debt post-graduation being $16,727 for university grads, $10,172 for college grads and $29,000 for doctoral.
- 5 leading causes of financial problems (and what to do about them): Most people incorrectly assume that the cause of financial problems is living an overly lavish lifestyle, but this is simply not the truth.
- How to pay off debt and save at the same time: Over the last few years, more and more families and individuals have been facing serious financial hardships, which have often stood in the way of their efforts to pay off debt and save money at the same time.
- CERB overpayments: What to do if you can’t pay: Many people received CERB without fully understanding the criteria for qualifying and whether they were met. As a result, many people who did not qualify received the benefit.
- What is credit counselling and how does it work in Canada?: If you’re one of the many Canadians feeling the burden of debt, and are unsure of what to do, credit counselling may be a solution.
- Wage garnishment in New Brunswick now allowed through new act: Wage garnishment in New Brunswick is now allowed, thanks to a new Act from the provincial government.
- How to stop collection calls: It can be stressful to receive calls from a collection agency – especially when there hasn’t been any progress made on repayment. Although the rules vary between provinces, collection agencies have the right to contact you regarding a legitimate debt.
- Can you afford to go on maternity leave?: Having a baby is one of the most exciting times in your life, but it can also be stressful. Not only do you have a new baby to care for, but with up to 18 months off work, your finances may take a hit too.
