WHAT WE DO
DEBT HELP
With the cost of living, house prices, child care and education all soaring, many families are worried about their rising debt loads. Learn about all debt management options available to take control now before problems arise.
CONSUMER PROPOSALS
Sometimes debt problems can’t be solved by budgeting, debt consolidation or various debt management plans. When this is the case, many fear that bankruptcy is the only option. Consumer Proposals are an alternative to bankruptcy, allowing you to protect your assets and get immediate relief.
BANKRUPTCY
Even though it is considered a ‘last resort’ in solving debt problems, bankruptcy can actually be the most suitable debt solution for some individual circumstances. Offering immediate legal protection and the ability to start rebuilding quickly, it is helpful to learn the facts.
RESOURCES
The starting point to putting a debt relief plan in place is assessing where you stand and having the information to know what the next steps should be. Our resources page provides you with the tools, worksheets and links necessary to get you started with confidence.
WHO WE SERVE
INDIVIDUAL DEBT HELP
You may have come across a variety of options while looking for ways to help you with debt. With so many solutions to choose from, it can be hard to know which one is right for you. To help you learn more about your options, we’ve provided an overview of the following debt relief methods and how they can apply to you.
BUSINESS DEBT HELP
Many businesses can face unexpected financial problems after experiencing changes in the economy, changes in their market, or changes within the company. Whether you are a small business owner, self-employed, or a large corporation, BDO’s business restructuring professionals recognize you need to address issues quickly to ensure the viability of the business.
FINANCIAL WORKSHOPS
BDO’s financial experts facilitate group workshops that provide participants with tools & resources to improve their financial literacy and stay on track. This financial education may be offered as a supplement to an existing EAP, and workshop topics are customized to each organization, based on your needs, covering real life financial education that directly benefits participants.
WHAT’S NEW AT BDO
What you need to know about CERB tax
Is CERB taxable? If so, how much tax will I pay? These are some of the questions Canadians are trying to figure out ahead of tax season. Get answers here.
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Finding debt relief after a health crisis
Finding debt relief can be a vital safety net in times of crisis. Here is a real debt story about how a consumer proposal and bankruptcy helped one couple in financial difficulty.
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Am I responsible for my spouse’s debt?
Finding out that your soon-to-be spouse has a lot of debt can be shocking, but it can also leave you wondering how that debt will affect your finances. Debt can have a lasting impact on the financial and emotional health of a married couple, so the more you know about your individual and joint debt obligations the better. Here are answers to five common questions about how to deal with debt in your marriage.
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BDO DEBT SOLUTIONS TWITTER
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Myth: It's too soon to talk about money with my kids
Fact: There are many age-appropriate money exercises you can do with your children starting as early as 3 years old.
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Once the estimated cost of a #HomeRenovation is known, draw up a #Budget, and as the pros suggest, add 20% to that number just to be safe! @ChesterSzypula https://t.co/1L4JoG5JQh
When it comes to home renos, many people opt for financing rather than paying with cash. Here’s a primer on borrowing against the equity in your home.
Home Renovation: What is a Home Equity Loan? | BDO Debt Solutions
Are you thinking about renovating your home? Before you take on home equity debt, learn about a home equity loan...
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With Canadians forced to spend more time at home, Abacus Data shows that 44% of us have done or are planning to do home renovations this year. But how to manage paying for home renos without taking on a debt burden – some tips: https://t.co/1L4JoG5JQh #HELOC
Mindless spending can contribute to increasing debt loads. Before you buy, consider how much an impulse purchase will cost you in the long run. Here are some other factors to think about before spending: https://t.co/84HQytXvTH
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Here are some practical ideas for boosting your income. https://t.co/x7zgwrbetA?
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Feel like you're always falling behind? Stick to a budget and avoid debt. If debt payments are eating up your income, use our calculator to compare debt relief options, or speak to a debt help professional. https://t.co/84HQytXvTH
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