Grant Thornton Limited

No parent should face what Eric went through. If debt is getting in the way of caring for your family, please call 1-844-4GT-DEBT for a free, nonjudgmental consultation.

We hope you’ve enjoyed time with family and friends this long weekend. Our offices will be closed today for Canada Day and tomorrow, July 2, to give our colleagues more time to rest and recharge.

We'll be taking an extra long weekend to spend time with friends and family. Our offices will open again on Wednesday, July 3rd, but you can still reach out to schedule your free consultation on our website. https://ow.ly/QywO50SlNpH

We’ve been recognized as one of Canada’s Best Workplaces! This acknowledgement from Great Place to Work Canada is based on colleague feedback. Our people are committed to building a workplace based on authentic connection and trust. We know how critical it is to feel like you belong, so we celebrate and learn from our differences.

Read more about this recognition: https://www.greatplacetowork.ca/en/best-workplaces/best-workplaces-for-inclusion-2024 #2024-inclusion/view-sub-list-details70/592fa90ef2412f0881d98313/

As new parents, it's easy to forget to prioritize yourself alongside your little one. But staying on top of your self-care, especially when it comes to finances, is important to their wellbeing too! Here are four ways to practice financial self-care as a new parent.

Celebrating a graduation this year? Finishing high school is a big step with some big decisions ahead. If you have a family member starting their post-secondary journey this fall, share this post so they can learn about all their funding options. https://gtdebtsolutions.com/2022/07/07/funding-your-future-government-vs-bank-student-loans/

Do you owe income tax this year? It's more common than you think, but you still have options. Check out our article for everything you need to know about handling income tax debt. https://gtdebtsolutions.com/debt-help-information/income-tax-debt-relief/

Sending warmest wishes for a joyous and blessed Eid al-Adha.

It's never too late or too early to save! Learn some small and big ways to start saving, here: https://gtdebtsolutions.com/2019/11/21/saving-smart-5-tips-for-anyone-starting-to-save/

Is your debt getting in the way of homeownership? Learn about insolvency and mortgage approval from our debt professionals:

Can I get a mortgage after filing a bankruptcy or consumer proposal? It’s a common misconception that filing a bankruptcy or a consumer proposal will prevent you from getting a mortgage and owning a home. On the contrary, being proactive about settling your debt is the best path to future homeownership.

Making family plans for the summer? Here are four great reasons to get the kids involved in family finances AND a full guide on how to do it: https://gtdebtsolutions.com/2022/02/18/how-to-hold-a-family-finance-meeting/

Do you have a small business? What about a side hustle or part-time work in the gig economy? All of these qualify as self-employment. The tax deadline for self-employed workers is coming up next Monday, June 17. Our tips can help you avoid tax debt:

Avoiding tax debt for the self-employed Whether it’s offering a product or service, consulting, or renting, more and more Canadians are creating careers or second jobs as part of Canada’s self-employed gig economy. The importance of diligently filing your income tax returns and making your remittances to the Canada Revenue Agency (CRA...

After 10 rate hikes over the last two years, the Bank of Canada decreased interest rates by 0.25% to 4.75%. This is a welcome relief by many and a sign that inflation is easing in Canada. Read more:

Bank of Canada reduces policy rate by 25 basis points The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

Contributing to a greener environment doesn't have to mean sacrificing your budget. Our team tested out three ways to cut costs and pollution. Find out how it went here:

How Going Green Can Save You Money “Yeah, right.” I’m sure that’s what you thought when you read the title of this blog. Most of us have heard that while a greener existence may help the planet, it usually comes at a cost. I was expecting the same thing when I started my “eco-journey” but, after a few months of dedication...

Summer activities don't have to mean blowing your budget. Here are three ways to cut back on spending without cutting back on fun! To find more ideas, visit: https://gtdebtsolutions.com/2022/07/21/the-complete-guide-to-summer-savings/

Preparing for parental leave this summer? Make sure your budget is ready, too! For a full guide on getting financially prepared for parenthood, click here: https://gtdebtsolutions.com/2022/11/18/budgeting-for-baby-how-to-financially-prepare-for-parental-leave/

Our Firm is deeply ingrained in communities from coast to coast to coast, and in honour of National Indigenous History Month, we’re taking the time to learn about the history of this land, honour the truth, and platform Indigenous voices. This ongoing journey is guided by our purpose: helping clients, colleagues, and communities thrive.

We’re also cheering on participants in Bears Lair TV, the competition series featuring Indigenous entrepreneurs created by Geena Jackson. In our second season sponsoring this show, Tara Benham, National Tax Leader, appears as a guest coach: “By supporting Indigenous entrepreneurs and communities, we can help amplify their cultural and economic contributions, strengthen community relations and build upon their important legacy for future generations.”

Tune in to season 2, premiering June 4 on APTN and streaming on APTN Lumi! aptntv.ca/bearslair

A new season means new expenses. Refresh and revise your budget to keep your financial goals realistic.

Don't have a budget? Summer is a great time to start, and our FREE template takes less than 30 minutes to complete! Download it here: https://gtdebtsolutions.com/2019/11/06/how-to-make-a-basic-budget-and-stick-to-it/

Don’t let last weekend's fun cause you summer-long stress! Read our blog for a step-by-step guide to paying off debt before summer: https://gtdebtsolutions.com/2018/11/08/one-debt-at-a-time-5-steps-to-paying-back-your-debt/

Are you using Buy Now Pay Later options or installment payments to pay for your summer plans? Make sure you know all the facts before choosing this option at checkout. Learn about buy now, pay later options in our blog: https://gtdebtsolutions.com/2022/12/19/buy-now-pay-later-the-real-cost-of-buy-now-pay-later-programs/

Does bankruptcy mean you can never buy a house? No! Find out how insolvency can actually be your best path to homeownership: https://ow.ly/2f0250RGaa6

My mortgage is coming up for renewal – what should I do? The Bank of Canada is predicting that Canadians with existing mortgages could see a 20-40% increase in their monthly payments when it comes time to renew. If you’re one of the 74% who can’t spare another $250+ a month—don’t panic—there’s still time to make changes that may help you manag...

Did you get a tax refund this year? It could make a great contribution to your financial goals! Share your spending (or saving) plans in the comments! https://gtdebtsolutions.com/2024/04/26/owe-tax-debt-avoid-these-5-common-misconceptions/

Our offices are closed on Monday for the long weekend. In the meantime, you can still book your free consultation online at https://ow.ly/XRLA50RAkb5, and we will respond when we return to the office tomorrow.

Summer sales are coming, but those deals might not be as good as you think. Curb overspending this summer with our tips:

📫 Empty your inbox: Unsubscribe from store newsletters so you aren't tempted by sales.
📦 Take inventory: Check what you already own and if you really need the newest trend.
⏲️ The 24-hour rule: If you want it, let it wait. If it still looks like a good deal in 24 hours, go ahead!
💳 Delete your digital cards: Remove saved credit card info from your phone and computer so you have more time to think through purchases.
💰 Set goals: What should you be saving for? Make a savings goal to stay motivated!
📊 Review your budget: Spending habits change throughout the year, so make sure your budget is summer-ready!

For more ways to battle summer overspending, https://gtdebtsolutions.com/2023/01/19/avoid-overspending-with-this-simple-mindset-shift/

Already working on those summer plans? Stretch the fun and your budget with these expert vacation budgeting tips:

The Complete Guide to Budgeting for Your Vacation Going on vacation is fun, arriving home with a large credit card bill isn’t. Avoid overspending and going into debt, check out our complete guide to budgeting for your next vacation.

Today we are sending out a huge 🌟Thank You🌟 to the Grant Thornton Foundation for their commitment to working with with A Dollar A Day to make change for mental health and addictions organizations nationally. Their incredibly generous gift of $365,000 is an important investment for our charity and will help us continue to support communities across Canada 🙌 Thank you Grant Thornton Foundation, for helping us to make ✨

More to come on this exciting announcement! Read more here: https://bit.ly/44ziq0D

Grant Thornton LLP Canada

Today kicks off Mental Health Week—a time to recognize, protect, and promote the importance of mental well-being. Caring about people and connecting with compassion is what we do every day. It’s why we provide our people with tools, supports, programs, and benefits to promote resiliency and mental well-being. Collectively, we continue to create an environment where people are inspired to live with purpose and bring their authentic selves to work every day.

Grant Thornton Limited, Licensed Insolvency Trustee