Dates and location
Hours
Dates and location
Hours
Description
This course is designed to equip participants with the knowledge and tools needed to effectively manage and reduce personal debt. With credit card debt and personal insolvency levels at record highs, understanding how to take control of your financial situation is more important than ever. Participants will learn how to take a comprehensive inventory of their financial liabilities and assets, explore various problem-solving approaches, and understand the different solutions available for managing debt. The course will also cover special rules and considerations for dealing with specific types of debt, such as CRA debt and government-guaranteed student loans. By the end of this course, participants will be able to develop tailored strategies to achieve financial stability and advise clients effectively.
Topics Include:
- Financial Landscape: Credit Card Debt and Personal Insolvency in Ontario
- Problem-Solving Approach: Taking Inventory, Possible Solutions and Legislative Approaches
- Advising Clients
- Special Rules
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Context: The Problem |
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Problem-Solving Approach |
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How to Advise Your Clients |
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Special Rules |
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| Bonus Content |
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Key Takeaways
On completion of this session, participants will learn how to:
- Take a detailed inventory of liabilities, assets and cash flow to understand the full scope of financial obligations and resources.
- Explore various strategies to manage debt, including increasing income, reducing expenses, liquidating assets and debt consolidation.
- Gain insights into proposals, bankruptcy, and other legal options to manage and resolve debt, including the specific rules for dealing with CRA debt and government-guaranteed student loans.
Who Will Benefit
Individuals wishing to learn about managing debt in Canada today.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
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Doug Hoyes, BA, CA, CPA, CBV, CIRP, LIT, is the co-founder of Hoyes, Michalos & Associates Inc., one of Canada’s largest personal insolvency firms. In his thirty-year career as a chartered accountant and Licensed Insolvency Trustee, he has personally helped over 10,000 individuals solve their debt problems and rebuild their financial future. He has appeared before the Senate Banking, Trade and Commerce Committee in Ottawa to give testimony on the impact of bankruptcy legislation on the individual, and serves as an OSB (Office of the Superintendent of Bankruptcy) Oral Board Examiner. Doug is a passionate advocate for ensuring that people find the right solutions for their debt problems. Frequently interviewed in the media, he has shared his knowledge and expertise on the most common financial myths and mistakes on CBC, Global News, The Globe and Mail, the Toronto Star, Business News Network, The Financial Post, and CTV News. |
