Student Loans Bankruptcy

Student Loans and Credit Cards

Student Loans and Credit Cards You have graduated from University and have been unable to find a good paying job in your area of expertise. The periods of non-repayment and interest relief of your student loan debt have been maxed out. You are starting to get letters and/or phone calls from a collection agency. A […]

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Bankruptcy and Debt Exclusion

Bankruptcy and Debt Exclusion What is debt exclusion from bankruptcy? A bankruptcy or proposal will get rid of most of your debts, but not necessary all of them. This is because certain debts are secured to your assets. The most common being a mortgage on your home or a loan on your car. If you […]

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Answers to your RRSP Questions

Answers to your RRSP Questions You are allowed to contribute 18% of earned income to an RRSP and there is no time limit for how long you can carry forward unused contribution room. You have 60 days after year-end to make an RRSP contribution and claim a deduction for the previous tax-year. There is no […]

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What can I do if I cannot make my student loan payments?

What can I do if I cannot make my student loan payments? Thousands of Canadians cannot afford to pay their student loans. The law in Canada punishes anyone¬†making a consumer proposal or filing for personal bankruptcy if they recently stopped being a full-time¬†student. Student loans are not forgiven unless a person can satisfy the 7-year […]

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