Welcome to the Faber Inc. Blog page.

  • 03/06/2016 - Faber Inc.
    Income Tax Debt – How It Occurs, How It’s Minimized, and What Happens When You Can’t Pay

    Many Canadians are unable to pay their personal income taxes when they are due despite incentives to defer tax in a Registered Retirement Savings Plan (RRSP). A primary reason for failing to pay tax, besides tax evasion, is failing to adequately plan for taxes owed, followed by a resultant inability to pay. 

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  • 24/05/2016 - Faber Inc.
    Financial Stresses of Divorce

    The cost of living is a major concern for Albertans, which is made higher when a marriage breaks down. When a couple divorces, there are potentially substantial legal fees involved in resolving how to split assets and debt, and income by means of spousal and child support. Further, there are increased costs of taking care of two households and childcare with the same income you had when you lived together.

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  • 20/05/2016 - Faber Inc.
    How the Oil Shock Has Impacted Canada’s Job Market

    The decrease in oil prices is a bonus for consumers, but for those in the oil industry, these lower prices mean higher unemployment rates. Alberta and other oil-sensitive areas of Canada are taking quite the hit. According to a report in the Globe and Mail in January 2015, the industry’s unemployment rate was 4.5 percent, but by February it jumped to 5.3 percent, and the worst is yet to come.

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  • 31/03/2016 - Faber Inc.
    Understanding Your Credit Score

    Your credit score is a very important aspect of your financial health. It is a measure lenders consider to be your default risk, as the risk premium that must be added to the price at which you borrow. Your credit score or credit rating is something that can take years to build up slowly and tumble down ever so quickly. 

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  • 15/03/2016 - Faber Inc.
    Protecting Against Identity Theft and Fraud

    Identity theft is the fastest growing type of fraud in Canada. It refers to the unauthorized attainment, possession or trafficking of personal information or the unauthorized use of information to create a false identity or to assume/takeover an existing identity in order to personally profit financially, with access to goods or services or to conceal criminal activities.

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  • 02/03/2016 - Faber In.
    Identifying Compulsive Shopping and What to Do About It

    Getting into the habit of spending is very easy to do and it explains why many people have surmounting credit card debt. Advertising is effective and everywhere, and there seemingly unlimited choices available to tempt us. 

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  • 16/02/2016 - Faber Inc.
    Calgary Layoffs

    Oil and gas prices are translating to particularly rough times for the oil and gas workers affected even though drivers may be pleased to see the lower numbers on the signs outside their local gas stations. Given the economy’s reliance on this industry, particularly in Calgary and generally around the world, it is no wonder that the trend of falling oil and gas prices is impacting employment at a fast rate.

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  • 21/05/2015 - Faber Inc.
    Alberta Job Market Takes Its Toll, but You Can Survive

    The Alberta government recently released their labour force statistics for March 2015 and the numbers were grim. With the unemployment rate up by 0.02 and the national rate staying steady at 6.8 percent, many consumers are worried about what is to come for the rest of the year.

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  • 11/11/2014 - Faber Inc.
    Buried in Debt: How to Know It’s Time to Talk with an Insolvency Professional

    For years, you’ve been completely independent, able to pay all your bills on time. But now, your life has been thrown for a loop, and you find yourself in a desperate financial situation.

    Although it takes a lot of humility to do so, remember that it’s okay to ask for help. When you can’t handle your debt on your own, the best way out is to consult with a professional.

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  • 04/11/2014 - Faber Inc.
    Is Bankruptcy Right for You? 3 Points to Consider Before Filing

    Dealing with debt is like swimming in the ocean during a storm: sometimes you’ll just barely keep your head above water and other times you’ll be drowning in it.

    If you’re struggling to make ends meet, then filing for bankruptcy can seem like a life jacket, your last hope for financial survival.

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  • 20/10/2014 - Faber Inc.
    Consumer and Corporate Insolvency: What to Expect

    Unfortunately, bankruptcy is a reality for many businesses and individuals. Although the prospect of bankruptcy is alarming, it needn’t be completely overwhelming. Being aware of the process will give you a peace of mind. It will also help you feel confident facing your financial dilemmas.

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