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HST Assessments on House Flipping: A Growing Cause of Insolvency
Author : stevewelker
16.04.2026
A pattern I am seeing more and more often looks like this:
Someone buys a house.They renovate it.They sell it for a profit.
They believe the sale is tax-free because they lived there.
They do not charge HST.
Then, years later, the Canada Revenue Agency (CRA) reasses...
Writs on Your Property After a Consumer Proposal
Author : stevewelker
24.03.2026
What They Are — and Why You Must Remove Them After You Finish
If you have completed (or are close to completing) a consumer proposal, and you previou...
Can You Dissolve An Insolvent Corporation?
Author : stevewelker
23.02.2025
The short answer: No - You cannot dissolve an insolvent corporation
Corporations
In Canada corporations are incorporated under federal legislation k...
Ontario Securities Commission (OSC) Fines, Administrative Penalties, Disgorgement Orders, and Bankruptcy
Author : stevewelker
4.12.2024
Summary
Long story short: Administrative penalties levied by a securities commission such as the Ontario Securities Commission are dischargeable by a...
Eviction Orders, Rental Arrears, Consumer Proposals and Bankruptcy
Author : stevewelker
Tag : Eviction
1.10.2024
Rental Arrears
Falling behind on your bills often means also falling behind on your rent. While most individuals prioritize their landlord over othe...
Consumer Proposal and Student Loans
Author : stevewelker
Tag : Eviction
9.02.2022
Consumer Proposal and Student Loans
Are you struggling with student loan debt? If so, here are some potential solutions to erase your student loan...
Consumer Proposals and Your Credit Report
Author : stevewelker
Tag : Eviction
25.01.2021
A Consumer Proposal is a great way for many people to address their debt and avoid bankruptcy. A Consumer Proposal's primary consequence is t...
Consumer Proposals and OSAP / Student Loans
Author : stevewelker
Tag : Eviction
13.01.2021
When weighing your options to deal with your debt, its important to consider the implications of your potential decision. Many debtors seek the hel...
Accountants (CPAs), Bankruptcy, and Consumer Proposals
Author : stevewelker
Tag : Eviction
30.12.2020
The Chartered Professional Accountants (CPA) of Ontario require that applicants or members disclose making an assignment in bankruptcy or proposal t...