Grant Thornton Limited
30 Front Street V9R 5H7 Nanaimo, BC, Canada

A common misconception is that when a couple marries or becomes common law, their finances are now considered combined. In today's Truth or Scare, we're talking about the affects filing for insolvency may have on your spouse or partner. #Halloween

Since it's the week before #Halloween we thought we'd share a round of Truth or Scare. All week long, we will be debunking some of the spookiest bankruptcy and proposal myths. First up a classic regarding the length of a bankruptcy filing!

It has always been recommended to check your credit report every year. This year however, it's especially important to get a copy of your credit report if you deferred your mortgage or credit card payments, as you'll want to ensure the deferrals are properly reported to the credit bureaus. Thanks Financial Consumer Agency of Canada (FCAC) for the great tip!

Establishing a responsible payment history is one of the best ways to boost your credit rating. If you're trying to rebuild your credit after an insolvency, making on time and in full payments to an affordable payment plan like a cell phone contract is a great start.

Most Licensed Insolvency Trustees offer free consultations, but what exactly do they entail? To help answer any questions or concerns you may have, our latest blog shares exactly what you can except during a free consultation with a member of our team: https://gtdebtsolutions.com//what-to-expect-during-a-free/

While for some #thanksgiving2020 may look a little different, Grant Thornton Limited would like to wish our clients, colleagues and communities a Happy Thanksgiving. Our offices will be closed on Monday, but you can book a consultation anytime online at https://gtdebtsolutions.com/deb/personal-debt-consultation/

Establishing good credit is an important step in everyone's financial journey. If you have recently been discharged from bankruptcy or have struggled with your credit in the past, don't worry! There are safe ways to rebuild your credit like using a secured credit card.

As the clock runs out on mortgage deferrals, many Canadians will be forced to pay missed payments and accrued interest with potentially less income. To help you prepare for life after a mortgage deferral, watch Licensed Insolvency Trustee Freida Richer share her tips with Global Edmonton https://globalnews.ca//money-smarts-mortgage-deferral-peri

A new study shows Canadian grocery prices have increased in 2020, forecasting an additional $487 spent per household this year. Now more than ever it's important to stick to our monthly budget. You can also try shopping the flyers and meal prepping to reduce your grocery bill. https://globalnews.ca//grocery-bills-food-cost-canada-re/

We think our team is pretty great and so does ThreeBestRated.ca! Congratulations to each Grant Thornton Limited Trustees who has won the title of Top 3 Licensed Insolvency Trustee for 2020 in their region: Rob Hunt - Halifax, NS Blaire MacNeil - Cape Breton, NS Kristi Neilsen - Saint John, NB... Henry Francheville - Moncton, NB Grant Thornton Team- Fredericton, NB Frank Fabiano - Thunder Bay, ON Richard Robinson - Prince George, BC Karl Michael - Nanaimo, BC Grant Thornton Team - New Westminster, BC See more

If your Canada Student Loan payments were suspended due to COVID-19, the six months period is about to end on September 30th. If you are still worried about making your payments after the 30th, there may be options available to you like the RAP program. https://gtdebtsolutions.com/debt-help-in/student-loan-debt/

An insolvency proceeding can be an overwhelming process, not to mention all of the terminology involved. While we try our best to explain everything in full, if you need clarity on an unfamiliar word or legal term, please ask or visit our online glossary. https://gtdebtsolutions.com/resources/glossary-of-terms

Fall not only bring changes to the weather, it also brings change to our finances. To prepare, have a fall financial check-in to ensure your budget is ready for any changes in income or increased spending for upcoming holidays or cold weather maintenance #firstdayoffall

From new hygiene practices and community support to bread recipes and video calling, the pandemic has taught us a lot, even in regard to our money. To learn 3 things that the pandemic has taught us about personal finance, check out our new blog https://gtdebtsolutions.com//3-things-the-pandemic-has-ta/