Blog

Back to School: 4 Tips to Survive the Most Expensive Shopping Season Debt Free
Raising children is expensive. Between food, clothing, increased household costs and childcare costs, a family in Canada can easily spend more than $10,000 a year on just one child … Read more

Mistakes You’re Making When Planning Summer Vacations While in Debt
Summer is here, and everyone you know seems to be on vacation. Your Instagram feed is full of photos of friends and co-workers lounging poolside at a resort or seeing the sights in a cool international city. You should probably book your big-ticket holiday too, right? Not so fast … Read more

Struggling To Repay Student Debt? What You Should Know.
Graduation Day – for thousands of graduates, it signals the dawning of an exciting new chapter in their lives. For some, it unleashes a burden that anchors them to a decade of crushing debt … Read more

How To Avoid Serious Penalties, Even If You Are Late Filing Or Have Back Taxes Owing
Do you owe money to the CRA? It’s more common than you may think. Tens of thousands of Canadians, especially entrepreneurs and those who are self-employed, owe money to the CRA from past years that were never filed. The good news is – if you are currently behind with your taxes, you’re not alone … Read more

Climbing Consumer Debt in 2018: What Does This Mean For Borrowers?
Every year, people across our country are falling further into debt – Canadians now owe $1.71 for every $1.00 of disposable income, and Alberta has the dubious distinction of having the highest average debt per person … Read more

Is Your Business Facing Financial Challenges In Light Of Recent Changes to Alberta Labour Laws?
Whoever coined the phrase ‘death by a thousand cuts’ probably owned a restaurant or small business in Alberta … Read more

Practical Advice to Tackle Your Holiday Debt
The holiday glow has long faded, and now you’re left with a pile of credit card bills and a serious debt hangover. Once again you ask yourself, “How did I spend this much money?” … Read more

What is an LIT?
At Faber, we often talk about the misconceptions and negative connotations around the word bankruptcy. The truth is – bankruptcy is simply one of the options faced by people with debt … Read more

Top 5 Financial Warning Signs for Albertans
Today, accumulating debt has become a way of life. As more of our income is allotted to day-to-day living expenses, there is much less left for retirement, savings, education or personal luxury items. … Read more

Can CRA Debt Be Dealt With In A Bankruptcy?
Someone told me recently that he thought CRA debt could not be dealt with in a bankruptcy. Apparently, someone had told him it was not possible to write off tax debt through bankruptcy proceedings. … Read more