EmpireOne

Ideally, we should all put money in both TFSAs and RRSPs. However, many of us have to choose how we save our money.  Both accounts offer tax benefits while helping you save for the future, build a financial nest egg, and reach your financial goals. While they have many similarities, the RRSP and TFSA are […]

Before you take out any loans or credit cards, you should understand the difference between secured and unsecured debt. One requires collateral and the other doesn’t, but they both can affect your credit score negatively if you aren’t careful. Whether you need a debt reduction or you are thinking about taking out new credit, understanding […]

If you have collection agencies constantly calling your phone or sending you letters and emails, you may feel pressured to pay them. Don’t. It sounds crazy, especially when you’re looking for debt relief in Ontario – why wouldn’t you pay the collectors and get them off your back? It’s not as simple or as pressing […]

Love and finances often don’t go hand-in-hand. It’s one of the most difficult topics to bring up, and one of the hardest topics to see eye-to-eye on. Whether you’re coming into a marriage with a lot of your own debt, your spouse has debt, or you wonder how debt is handled when you’re married, solving […]

The average cost of annual tuition for a college education in Canada is $13,000 – $20,000 and most students leave college with at least $30,000 in Canada student debt. Starting adulthood off with such a large debt can be overwhelming. It makes it hard to settle down and buy a house, or even afford the […]

There’s a famous quote that goes “there are only two guarantees in life: death and taxes”. However, we’d like to add one more thing to that list. One of the few guarantees in life is that you’ll probably need to take out a loan at some point in your life. Inevitably, you’ll probably need a […]

The pandemic caused more than a health scare. It caused serious financial strife for millions of people, too. As many consumers went into the pandemic with pre-existing credit card debt, the sudden loss of income and the economy’s downturn made it even harder for many to stay afloat. Now that we’re in the pandemic, knowing […]

Debt can seem overwhelming and becoming debt-free feels like an impossible dream, but anyone can do it with the right steps. If you’re trying to avoid bankruptcy and rather make good on your debts, you need a plan. Getting out of debt requires consistency, patience, and accountability. With these supports in place, anyone can do […]

Becoming  debt-free in Toronto is most Canadians’ goal. But if you are over your head in credit card debt, student loans, or personal loans, it can be overwhelming. You may be tempted to jump in head first – drastically changing your lifestyle so you can put everything toward your debt. While this seems ideal, it […]

If you miss your credit card payments long enough, they may end up with a debt collection agency. Whether your creditor has its own collection department or they sell your debt to a collection agency, you’ll deal with collection agents either way. This usually happens once you’re 90 days past due.  As a part of […]