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The Rising Cost of Housing in Canada: Managing Expenses and Debt

As global trade tensions rise, Canadian consumers and businesses are bracing for the potential impact of U.S. tariffs. These tariffs could lead to higher prices on imported goods, disrupt supply chains, and put added pressure on household budgets. Preparing your finances ahead of time is critical to navigating this uncertainty and ensuring you’re ready for

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Finances

Preparing for Potential U.S. Tariffs: Financial Strategies for Canadians

As global trade tensions rise, Canadian consumers and businesses are bracing for the potential impact of U.S. tariffs. These tariffs could lead to higher prices on imported goods, disrupt supply chains, and put added pressure on household budgets. Preparing your finances ahead of time is critical to navigating this uncertainty and ensuring you’re ready for

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Debt Solutions

Financial Resolutions for the New Year: Steps to a Debt-Free Future

As the new year begins, it’s the perfect time to focus on improving your financial health and setting achievable goals. Whether you’re struggling with debt or simply want to manage your finances better, a clear plan can help you move toward a debt-free future. Here are some practical steps to help you get started on

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Consumer Proposal

Does a Consumer Proposal Affect Your Credit Report?

A consumer proposal is a powerful debt relief option for Canadians struggling with overwhelming financial obligations. While it can provide much-needed relief, many wonder how it impacts their credit report and financial recovery. In this blog, we’ll take a closer look at what a consumer proposal means for your credit score and how you can

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Explore the rise in consumer insolvency filings in Canada, why seeking a Licensed Insolvency Trustee matters, and how Caplan Debt Solutions can help. Learn more today!
Debt Help

Understanding the Rise in Consumer Insolvency in Canada: What You Need to Know

The Alarming Growth of Insolvency Filings Canada is experiencing a significant rise in consumer insolvency filings, underscoring the financial challenges many Canadians are facing. According to the Office of the Superintendent of Bankruptcy (OSB), the third quarter of 2024 saw 34,588 consumer insolvency filings, averaging 376 filings daily. This marks a 13.5% year-over-year increase, although

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Managing Holiday Debt
Debt Help

Managing Holiday Debt: Strategies for a Joyful and Financially Healthy Season

Image Source: Shutterstock The holiday season is a time of joy, celebration, and, unfortunately, financial strain for many. With the allure of festive decorations, gifts, and gatherings, it’s easy to overspend and accumulate debt. However, with mindful planning and conscious spending, you can enjoy a fulfilling holiday season without compromising your financial well-being. Understanding the

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debt consolidation
Debt Help

What the Lower Interest Rates Mean for You

Image Source: Unsplash The average Canadian household currently carries around $72,950 in debt, not including their mortgage. The high cost of living over the last couple of years and the rising interest rates have meant nearly 3 in 4 Canadians lives in debt. So the Bank of Canada’s announcement lowering interest rates to 4.5% can

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Carrying a Lot of Debt
Debt Help

Carrying a Lot of Debt? It’s Lowering Your Happiness

Are you feeling the weight of mounting debt? You’re not alone. 48% of Canadians are grappling with excessive debt (non-mortgage). The impact is not just on the wallet—it’s directly impacting happiness and well-being.  Study Finds Higher Debts Increase Unhappiness and Suicide Risk Research published in the American Journal of Epidemiology reveals that individuals facing significant

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Debt Help

Are You Responsible for Your Spouse’s Debt in Canada?

Finding out that your spouse has significant debt can be a daunting realization. You might be thinking, “am I responsible for my spouse’s debt in Canada?” Our professionals in Winnipeg for bankruptcy and consumer proposals provide a simple answer. Understanding the nuances of debt responsibility is crucial for both your financial and emotional well-being. Whether

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Consumer Proposal

Are There Free Canadian Government Grants to Pay Off Debt?

The financial burden of debt is a reality for many Canadians. With the cost of living rising and interest rates climbing, it’s no surprise that more people are searching for ways to alleviate their debt. Find out from a qualified professional in Winnipeg on bankruptcy and consumer proposals if such grants even exist. A common

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debt solution winnipeg
Consumer Proposal

Overcoming Debt in Winnipeg

Overcoming Debt in Winnipeg Dealing with debt can feel like an insurmountable challenge, especially when you consider the startling statistics recently highlighted by Joel Schlesinger in the Winnipeg Free Press.  As of the end of 2023, Canadians were burdened with an astonishing $2.4 trillion in debt, with TransUnion’s final data for the year showing that 31.5 million Canadians

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Bankruptcy Winnipeg Solution
Consumer Proposal

Budgeting Back in the Spotlight | Bankruptcy Winnipeg Solution

Budgeting Back in the Spotlight: LOUD Budgeting I’ve helped hundreds of people manage their bankruptcy Winnipeg situation, and one thing that I always come back to is the importance of budgeting.  The latest trend is LOUD budgeting.  What does that mean?  What is loud budgeting?  The easiest way to explain it, I believe, is to

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Consumer Proposal Winnipeg
Consumer Proposal

Canadian Debts are Out of Control! How a Consumer Proposal Winnipeg Can Help

Canadians owe over $2.3 trillion. That amounts to $1.85 of debt for every $1 of disposable income. Faced with such debt, Canadians are seeking out solutions (and a consumer proposal Winnipeg can help – but we’ll talk about that later).  The State of Canada’s Finances A recent report by TransUnion credit reporting bureau found that

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bankruptcy

What Do Bankruptcy in Winnipeg and Spring Cleaning Have in Common?

  What Do Bankruptcy in Winnipeg, Consumer Proposals, Debt Consolidation, and Spring Cleaning All Have in Common? It’s that time of year: the roads are a mess, they’re full of sand, salt and other debris. Spring is around the corner. The street cleaners are out in force clearing the sidewalks and roads. The rain is

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Debt help winnipeg
Debt Help

Preparing for Summer with Debt Consolidation Winnipeg Help

Preparing for Summer with Debt Consolidation Winnipeg Help from a Licensed Insolvency Trustee Summer is just around the corner and you may be thinking about summer vacations, summer dining and summer entertainment.  It’s been a long winter and everyone would love to get out and do something fun. The problem is that these activities can

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Consumer Debt Proposal Manitoba
Debt Help

End Your Debt in 2023 – Consumer Debt Proposal Manitoba

What Do New Year’s Resolutions and Consumer Proposals in Manitoba Have to Do with Each Other? The best time to take control of your finances and financial future is now. If your New  Year’s resolution is to regain your financial freedom, then consumer proposals in Manitoba make a lot of sense.  If it takes a

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Consumer Proposal
Consumer Proposal

What Happens When You File a Consumer Proposal?

Explained: What Happens When You File a Consumer Proposal? So, what happens when you file a consumer proposal?  There are a number of things that happen when you file a consumer proposal – but the first thing that should happen is you should feel a sense of relief!  Your unsecured creditors can no longer pursue

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Consumer Proposal
Consumer Proposal

Consumer Proposal Pros and Cons: Should I File One?

What Are the Consumer Proposal Pros and Cons and Should I File One The consumer proposal pros and cons are rather simple to enumerate; but whether you personally should file one very much depends. What does it depend on? Your personal debt situation and how you wish to approach it.   If you’re ready to be

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Consumer Proposal Winnipeg
Consumer Proposal

What Does It Cost to File a Consumer Proposal?

What Does It Cost to File a Consumer Proposal – and How Can It Help You Manage Your Debt What does it cost to file a consumer proposal? That is a question that I am frequently asked. There are really two different ways to answer that question.  The short answer is that it will cost

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Consumer Proposal Winnipeg
Consumer Proposal

I Want a Consumer Proposal for the Holidays

Consumer Proposal for the Holidays – the Best Gift to Relieve Your Debt Pressures Asking for a consumer proposal on the holidays may sound like a strange request. It’s almost like asking to go to the doctor.  But when you really think about it, what happens after you go to the doctor?  You get better! 

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Consumer Proposal Winnipeg
Consumer Proposal

Improving Financial Literacy: Consumer Proposal

The Importance of Financial Literacy and Consumer Proposals November is financial literacy month in Canada – but what does it mean to be financially literate? To me, financial literacy means that you have a degree of comfort and familiarity with financial concepts such as budgeting, interest charges, retirement savings, daily savings, debt and such other

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