Jan292025
If you’re dealing with unpaid taxes, the possibility of the Canada Revenue Agency (CRA) freezing your bank account can be a major concern. Unfortunately, this is a step the CRA can take to enforce tax collection. It’s a severe measure, but understanding how and why it happens—and what you can do about it—can make all […]
Jan142025
If you’re dealing with serious debt issues, it can feel overwhelming trying to figure out where to start or who to turn to. Licensed Insolvency Trustees (LITs) are the professionals you need when navigating debt relief and insolvency options. But what exactly do they do, and how can they help you get back on the […]
Jan72025
Many Canadians are facing the dilemma of having to choose between paying off debt and building an emergency fund. While debt repayment is important, having a small financial cushion can be the safety net that can prevent future debt when you get hit by unexpected expenses. By creating this buffer, you can give yourself financial […]
Dec132024
The Link Between Debt and Mental Health Debt is more than just a financial issue; it can be the source of significant emotional and psychological stress that can seriously affect your mental health. The emotional toll can be heavy, whether it’s unpaid bills, loans or rising credit card debt. Constantly having to worry about your […]
Nov152024
Debt can feel overwhelming, especially when faced with credit card debt, personal loans, or pay day loans. However, there is good news! Negotiating with creditors is a proactive step that can lead to favourable results like reduced interest rates, extended payment terms, or eliminated late fees. At Chande Debt Solutions, we have helped many individuals […]
Aug192024
Debt consolidation is one of Canada’s most common debt relief options. But what does debt consolidation actually mean? Simplified, debt consolidation refers to combining multiple debts into a single, larger loan to have fewer creditors to worry about and often lower interest rates or monthly payments. There are many debt consolidation options that are available. […]
Aug192024
Struggling with debt can be challenging and very stressful. Finding a way out of it can be even more difficult. For many Canadians, the first thought that comes to mind is bankruptcy, a term fraught with images of losing everything you own. While bankruptcy is one debt relief option, it is not the only one […]
Aug92024
Many Canadians are struggling under the burden of debt and looking for debt relief to help them get their finances back on track. Among the options you may have encountered while doing your research are debt consolidation and debt settlement. While both are designed to help you reduce your debt load, they do so in […]
May62024
Many Canadians struggle with debt and are looking for options. You might have wondered if debt management or debt settlement might be the right solution for you. To many people, debt management and debt settlement are the same, but while they sound similar, they are not. This blog will examine the differences between debt management […]
Dec192023
Wage garnishment is a legal process the Canada Revenue Agency (CRA) uses to collect outstanding tax debts. A wage garnishment involves the CRA contacting the debtor’s employer to send a portion of their wage directly to the CRA. You may wonder, “How much can CRA garnish from wages?” The government has the right to garnish […]
