24 May 2017
Pier-Paul Belzil-Lacasse
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

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 :

Pier-Paul Belzil-Lacasse is an expert in Recovery and Reorganization at Raymond Chabot Grant...

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19 May 2017

By only paying down the minimum on a credit card each month, consumers are extending the repayment time of the debt, as well as the amount paid. Bill 134, tabled by Minister of Justice Stéphanie Vallée, aims to reduce household indebtedness.

Stéphane Gauvin, Partner and Licensed Insolvency Trustee at Raymond Chabot Grant Thornton, explains the ins and outs of this Bill. Listen to the audio capsule  on Radio-Canada.

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19 May 2017

When financial issues rear their ugly heads, bankruptcy can sometimes be a way out. Éric Lebel, Financial Recovery Advisor and Partner at Raymond Chabot Grant Thornton, answers your questions.

  • What exactly is bankruptcy?
  • Who qualifies for bankruptcy and why?
  • What is the procedure?

For more information, read the article in the Conseiller.

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19 May 2017

There are advantages and disadvantages to being self-employed. There are several questions you should ask yourself with regard to tax (taxes, status) and financial planning.

  • Should I be incorporated or not?
  • How do I see retirement and properly prepare for it when I’m the boss?
  • What’s to be gained and what are the risks?

Éric Lebel, Financial Recovery Specialist and Partner at Raymond Chabot Grant Thornton, provides some food for thought in this article of the Conseiller (in French only).