Derek L Chase & Associates Ltd.
Running your own business can be a dream job and has led to many success stories with happy endings. However, that is not always the case, and that dream can turn into a nightmare if you get offside with the tax authorities. Self employed income tax in Canada is no joke....
Regrets in life happen, but they are certainly not the goal when you start off. Wouldn't it be fantastic if you could live life with no regrets? Managing money, investing and getting loans over a lifetime requires constant decision making. Have you ever regretted a financial decision you have made...
When we meet with individuals, or directors of a corporation, in order to provide them with information about possible options that are available to deal with debt and financial problems, the conversation will eventually come around to address fees. How do Insolvency Trustees get paid? An honest question. Let’s take...
In 2020, approximately 3.2 million Canadians filed their income tax as self-employed workers. If you’re self-employed, you know the realities of managing a business. Staying current with the rules that apply to your business, doing the administrative work your business requires and keeping up with your income tax for self-employed...
A vacation can be a great escape from the pressures of life. We all need a break to relax and recharge but sometimes, getting away for a week or two isn't possible. Family commitments, health issues, and costs can make travelling seem like a dream. Fortunately, there are still ways to...
Due to rapidly rising interest rates and inflation, Canadians are finding it harder to reduce the amount of money they owe. If you make your debt payments, but your balances aren't going down or are increasing, you might be in a debt cycle. Fortunately, there are steps you can take to...
One of the most common reasons for experiencing financial difficulty from coast to coast in Canada is from health problems. One day you are doing fine and then, maybe all of a sudden, you cannot work anymore. What happens next? Some people will be fortunate enough to have disability insurance or...
British Columbia is home to lush forests, incredible coastlines, stunning mountain ranges, vineyards, and much more. Before you consider relocating, you may want to consider the cost of living in BC. It's been said that BC stands for "bring cash." So how much does it cost to live in BC...
Having a good credit score can be helpful as we journey through life. Many people that we meet are proud of their credit rating and are concerned that they will lose it, or damage it, if they choose to restructure their finances by filing a Consumer Proposal or getting Bankruptcy...
Over the past few years, there has been a lot of turmoil in Canada’s and the world's economies, especially the housing market. Interest rates on bank loans and mortgages plummeted in the early days of the COVID-19 pandemic, but have seen a big increase recently as inflation in Canada continues...