Author: Alberta_Trustee

Retirement is often viewed as a time of leisure and relaxation, but for a growing number of retirees, it’s also an opportunity to explore new intellectual pursuits and even earn supplemental income. One surprisingly popular choice among these golden-agers is pursuing an economics degree. While it may seem like an unconventional path, delving into the… Continue reading Why Pursuing an Economics Degree in Your Golden Years Makes Cents

Passive income – the holy grail of personal finance. The idea of earning money without actively trading your time for it is incredibly appealing, especially for those looking to build wealth, secure their financial future, or achieve the elusive work-life balance. But what exactly is passive income, and how can you harness its power to… Continue reading Passive Income Streams: Set It and (Almost) Forget It

Small business owners are facing immense pressure to tighten their belts and optimize costs without compromising the quality of their products or services. With high inflation, rising interest rates, and uncertain market conditions, the need for effective cost-cutting strategies has never been greater. However, the path to cost savings is not always straightforward. Businesses must… Continue reading Cutting Costs Without Sacrificing Quality: A Small Business Guide

Strategic tax planning offers a legal avenue to minimize tax liabilities, thereby maximizing potential returns on business income and personal earnings. Such is the nature of personal tax planning and business forecasting that insight into tax optimization practices becomes valuable, not just for immediate financial benefits but also for long-term fiscal sustainability. Understanding Basic Tax… Continue reading Tax Planning and Strategies in Canada

Retirement planning is a cornerstone of financial security, requiring attention and strategic foresight. While the options may seem overwhelming, understanding the various pension plans available in Canada plays an important role in ensuring a stable and secure future. Tailoring a retirement strategy that aligns with individual financial goals and lifestyle preferences is paramount for those… Continue reading Retirement Planning: Key Pension Options

If a particular company is undergoing a downturn, it is important to take an action. One of the last resorts, when bankruptcy happens, is bankruptcy. When a bankruptcy situation takes place, there might be a problem in the cash flow of the company. There might be a lot of reasons why this typically happens. Aside… Continue reading How To Avoid Business Bankruptcy

Bankruptcy can really hit any corporation out there. It is mostly managed by the BIA either if it was formed an assignment into bankruptcy or there is an opposing bankruptcy order to it. There are several factors that denote if we can consider insolvency on a corporation under BIA. The inability to achieve its obligations as they are… Continue reading All About Corporation Bankruptcy and Insolvency

The usual procedure for corporations to submit their application for bankruptcy has similarities to personal and small business bankruptcy applications. To give you an idea of the steps you need to undertake, we’ll have a quick rundown of them below: Search and have a meeting with a Licensed Insolvency Trustee The Licensed Insolvency Trustee will do some evaluation… Continue reading Corporate Bankruptcy Filing Basics

Entrepreneurs usually declare bankruptcy voluntarily. However, an enterprise can go bankrupt if it sends out a proposal to its creditors that is rejected. There are times wherein a creditor will push an enterprise into entering bankruptcy through court petition filing. Credit Assistance There are many ways that you can consider when facing a financial problem. A certified… Continue reading What is a business bankruptcy