Grant Thornton Limited
823 Canada Avenue V9L 1V2 Duncan, BC, Canada

With financial uncertainty continuing into 2021, Canadians were hopeful that the 2021 Federal Budget may offer more support. For our latest blog, we reviewed the new budget as LITs and shed light on what effect it might have on Canadians and their debt. https://gtdebtsolutions.com//canadas-2021-federal-budget-/

The income tax deadline is only one day away. While you may have up to a year to pay back any income tax owed, avoid penalties or incurring income tax debt by ensuring you file on time and that your previous returns are up to date. Learn more at https://gtdebtsolutions.com/debt-help-info/income-tax-debt/

Last week the federal government released it's 2021 budget, which included some continued financial support for Canadians affected by COVID-19. To help break down how the federal budget might impact Canadians stressed over personal debt loads, Licensed Insolvency Trustee Freida Richer spoke with Global Edmonton https://globalnews.ca//money-matters-how-the-new-federal-b

While we hope things will soon return to normal, the end of the pandemic means the end of financial easements like government benefits and deferral programs. To help you prepare your finances for what’s to come, LIT Karl Michael spoke with CTV Vancouver https://bc.ctvnews.ca/video

Choosing to resolve your debt is not an easy decision. At Grant Thornton, our approach is to provide you with the utmost clarity on each debt solutions, so you can make an informed decision. Learn more doing a free consultation. https://gtdebtsolutions.com/get/personal-debt-consultation/ #TestimonialTuesday

Whether you've been together for years or only a few months, talking to your partner about money can be difficult. To discuss the importance of having an open financial dialogue with your partner and to share some tips on how to do so, Insolvency Manager Braden Burritt recently spoke with CTV Calgary https://calgary.ctvnews.ca/video

Spring has officially sprung and it's the perfect time to clean up your house both hygienically and financially! To share her top tips for decluttering your finances and deep cleaning your debt, Licensed Insolvency Trustee Freida Richer joined Global Edmonton this morning. https://globalnews.ca//money-smarts-spring-cleaning-tips-f

If you owe income taxes this year due to receiving a pandemic-related income benefit, we've created a free guide to help you best navigate benefit overpayments, owing income taxes and the options available for paying back your income tax debt. Read it at: https://gtdebtsolutions.com/cerb-debt-and-overpayments-a-g/

If your income was impacted during the pandemic, you may be worried about repaying income taxes owed from CERB payments and/or other debt. To share tips on tackling your debt in 2021, LIT Rob Hunt recently chatted with CTV News

People fall into financial tough times for many reasons. Our job isn’t to judge how you got there, it’s to help you find the best solution to move forward and get out from under your overwhelming debt. Read more testimonials at https://gtdebtsolutions.com/testimonials/ #TestimonialTuesday

Is paying down your non-mortgage debt part of your 2021 plan? Before you make any big decisions, it's important to assess your financial situation. To help get you started, Licensed Insolvency Trustee Freida Richer shares the three things you should consider before choosing how to manage your unsecured and non-mortgage debt.

The CRA has begun sending T4A slips to those who claimed the CERB and CESB in 2020. With over 400,000 letters of CERB overpayment sent and no policy changes made as of yet, many Canadians may find themselves owing more than expected this upcoming tax season. For more information on income tax debt relief, book a free consultation with one of our debt professionals. https://www.cbc.ca//cra-benefits-statements-sent-out-1.586

Now that you've set your financial goals for 2021, it's important to set up reminders to check in on your goals throughout the year as well. Take advantage of the ease of technology and add reminders in your phone, tablet or computer to check in on your goals every month.

Our offices will be closed over the holidays, beginning on Dec 24th and reopening Jan 4th, so our team can enjoy some well-deserved time with their loved ones. If you require immediate assistance during this time, please call the location nearest you https://gtdebtsolutions.com/locations/

New year goals can be tricky to keep up on our own. If you want to ensure you'll stick to your 2021 financial goals, try the buddy system! Whether it's sharing a goal to spend less or having monthly progress check-ins, the buddy system is a great way to keep yourself accountable.

Some Canadians are receiving letters from the CRA regarding the repayment of CERB amounts for which they may not have been eligible. While there remains much uncertainty around how the overpayments will be collected, we wanted to provide some updates to our earlier blog post on CERB Overpayments and Penalties. #CERB https://gtdebtsolutions.com//cerb-overpayments-and-penalt/

Last-minute holiday shopping can be stressful and expensive. On top of it all, this year many communities have restrictions in place which may limit your shopping options. To save you stress and money, here are a few quick and cost effective gift ideas. https://gtdebtsolutions.com//5-ideas-for-last-minute-gift/

Bien que nous sommes dans la nouvelle année, il demeure toujours difficile de prédire notre situation financière de 2021 étant donné plusieurs incertitudes. Jean Goguen, SAI, partage avec Acadie Nouvelle ces renseignements et expériences, dont plusieurs individus au Nouveau-Brunswick auront à surmonter cette année. https://www.acadienouvelle.com//dettes-personnelles-le-pi/

If you're beginning to explore your debt relief options, it's important to do your research. If personal bankruptcy is under consideration, check out this article by CPA Canada featuring Grant Thornton Licensed Insolvency Trustee Sandy Lyons to understand the bankruptcy process a little further. https://www.cpacanada.ca///2020-12-09-personal-bankruptcy

This holiday season, before you head out shopping make a list and check it twice to keep your spending under control. For more great financial literacy tips, check out the Financial Consumer Agency of Canada (FCAC).

At Grant Thornton, our free personalized debt consultations have three main goals: 1) To gather all the facts on your financial situation; 2) To educate you about each of your debt relief options; and 3) To ensure you have a solid plan for handling your debt.... Learn more about what to expect during one of our free consultations in our latest video with LIT and Managing Partner Rob Hunt. To book your free personalized debt consultation visit https://gtdebtsolutions.com/deb/personal-debt-consultation/

Albertans more than any other Canadians took advantage of mortgage deferrals this year. If you deferred your mortgage and are now looking for new ways to manage your mortgage and other debt payments, check out our free webinar with Jencor Mortgage Corporation on Nov 25. Register for Managing your mortgage during unprecedented times: Deferrals, debt and everything in between at https://gtdebtsolutions.com/free-mortgage-webinar/ #FLM2020

More great tips and tools for managing your debt from Financial Consumer Agency of Canada (FCAC) #FLM2020

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

The majority of our offices will be closed today for Remembrance Day. We encourage our colleagues, clients and communities across Canada to take a moment of silence today to pay their respects and give thanks to veterans and military personnel. #LestWeForget #NoublionsJamais

This year for Financial Literacy Month, the Financial Consumer Agency of Canada (FCAC) is hosting a free webinar on managing your money and debt. The webinar is happening tomorrow and will provide you with resources and tips for improving your financial health. Learn more about the event below! #FLM2020

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've updated our blog about the transition from #CERB to #EI with the latest information from the government of Canada. If you are one of the many Canadians getting switched from the CERB to the new EI program, check out our FAQ blog to keep informed: https://gtdebtsolutions.com//navigating-the-switch-from-t/

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