Professional advice is always welcome for improving your personal finance management. In connection with his regular segment on Radio-Canada radio, Pier-Paul Belzil-Lacasse, Lead Senior Manager in Turnaround and Licensed Insolvency Trustee at Raymond Chabot Grant Thornton, shares a series of practical tips.
Personal finances during separation
A couple’s separation can have a serious impact on personal finances. Here are some points to take into consideration to avoid nasty surprises in the months following a separation. Listen to the radio segment Conseil financier : l’impact d’une séparation sur les finances personnelles (Finance tip: The impact separation has on personal finances) on Radio-Canada’s website (in French only).
Young people in debt
Debt also affects young adults aged 34 years old and under. A lack of practical knowledge about the impact of financial choices (how interest rates work, the cost of a house and types of investments), overconfidence, as well as easy access to credit, are among the factors related to this problem. Listen to the radio segment Conseil financier : éviter l’endettement chez les jeunes (Finance tip: Help young people stay out of debt).
Buying a home is not always an investment
Some people say that it’s better to buy a house than rent. This is not always true. Numerous expenses and the real estate situation need to be considered in the calculations. Listen to the radio segment Conseil financier : l’achat d’une maison (Finance tip: Buying a home).
The ABCs of starting your own business
Before starting a business, you need to choose the type of business that suits your project. What are the advantages and disadvantages of being self-employed, a registered business or corporation? You can clarify this issue by listening to this radio segment Conseil financier : futurs entrepreneurs, quels sont vos choix? (Finance tip: Future entrepreneurs, what are your options?).
Can bankruptcy free us from all of our debt?
In a bankruptcy or consumer proposal, certain debts must still be honoured. Taxes, alimony, court decisions? Which have to be paid? Listen to the radio segment Conseil financier : dettes libérables/non-libérables en matière d’insolvabilité (Finance tip: Dischargeable/non-dischargeable debt in insolvency).
Is it better to lease or purchase a vehicle?
In general, while it might be better to purchase your vehicle, sometimes leasing is a better choice for some people. What should you take into consideration when making this decision? Listen to the radio segment Le conseil financier de la semaine : acheter ou louer (Finance tip for the week: Lease or Purchase?).
24 May 2017 | Written by :