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Eliminating Tax Debt

Posted by Dennis Kish on 12 October 2018
Eliminating Tax Debt


Tax debt can be a crushing burden to carry and many believe it is a life-long burden.    So, it may be surprising to hear that there are ways to settle or eliminate tax debt with the help of a Licensed Insolvency Trustee ("Trustee").

In formal proposals filed through a Trustee, the Canada Revenue Agency ("CRA") is open to accepting settlements for far less than the full amount, including the principal portion itself.  This is something that CRA cannot do outside of a formal proposal.    These formal proposals also stop CRA's powerful collection tools.  For example, after a formal proposal is filed, CRA is prohibited from garnishing wages, seizing bank accounts or registering tax liens.

Filing for bankruptcy with a trustee also legally stops CRA collection, and eliminates tax debts through a discharge process.

Don't be confused by American bankruptcy rules, which are more strict when it comes to tax debt.  In Canada, income tax and HST debts have no special priority and are treated as general unsecured debts, much the same way that credit card debt is treated.   This also includes tax liabilities of directors who have been assessed for the corporation's HST debts or unremitted source deductions

Proposals and bankruptcies have released countless business owners and other professionals from the crushing burden of tax debt.   Therefore, those burdened with tax debt are encouraged to consult with a  Licensed Insolvency Trustee to explore  options to solve their tax debt problems.

Dennis Kish, BA, JD, CIRP, LIT
Licensed Insolvency Trustee | Regional Practice Leader
T: +1 (905) 433-2166

Posted in: Latest News  

Accident Benefit Coverage

Posted on 20 July 2018
Accident Benefit Coverage
Auto insurance and accident benefits aren't exactly the most exciting topic, but we are very concerned that you may not be aware of the benefits that are available to you and that it could dramatically affect the financial settlement of your injury claim. It can also be pretty tricky to understand all of the terminology and choices available to you.

However, it is very important for all drivers to understand these coverages and how they affect you.

Recently, accident benefit limits in Ontario were reduced. This means less coverage for you if you are injured as a result of an automobile accident.

This applies to you whether you are a driver, a passenger, a pedestrian or a cyclist and whether you were at fault or not.

Accident benefits cover you on many levels. In the next few weeks we'll explain each portion so you can choose the right level of coverage for yourself and your family.

The coverages we'll be discussing in the coming weeks will include;

  • Injuries
  • Dependent Care, Caregiver & Housekeeping
  • Income Replacement
  • Death and Funeral

Tune in over the next 4 weeks for a simple break down of each coverage, what's included in your policy automatically and your options for increasing coverage if necessary.

Learn more at our video blog https://www.roughleyinsurance.com/accidentbenefits

When you are ready to discuss your accident benefit coverage on your automobile insurance policy, contact us at 905-424-5939, email us at jskelton@roughleyinsurance.com  or visit us at 1000 Simcoe St. N., Oshawa.

Jeff Skelton

Posted in: Latest News  

How to Qualify for a Mortgage using Commission Income

Posted on 9 April 2018
How to Qualify for a Mortgage using Commission Income

Do you earn commission income? Having a hard time qualifying for the mortgage you want?

Real estate agents and insurance brokers are two common businesses that tend to be 100% commission based. Lenders consider commission income with a bit more risk than other types of self-employed business income.

Three things to consider when seeking a mortgage using this type of income:

1.Some lenders do not accept commission income for qualifying purposes. It is important to realize this niche and choose the right lender for your specific income type. A lot of frustration will be avoided by selecting the right lender.

2.Documentation is key. Save those T4As and your employers' commission reports for the last 2 years. Be able to distinguish between gross and net commission amounts.

3.Some of these niche lenders will consider up to 100% of your commission income and there are solutions for borrowers with poor credit.

Sean Stewart at SGH Mortgages Inc. knows this niche well and will work hard to get you the money you deserve. To find out how you can qualify for a mortgage using commission income, start a conversation with Sean today, 905-427-9596.
Posted in: Latest News  

Getting Results with Bloomtools Durham

Posted on 15 February 2018
Getting Results with Bloomtools Durham

Bloomtools Durham Specializes in Getting Results For Their Customers.

We Achieve results online for our customers by:

  • Developing lead generating websites with the Bloomtools System
  • Providing expert digital marketing strategies
  • Providing Sales strategies and advice
  • Leveraging  an all-in-one digital solution for busy businesses (Content Management System, Database Marketing System and a Contact Management System)
  • Expert advice on all print marketing projects


Bloomtools Overview 

Customer Success Stories 
I find that the best way to highlight our services is by sharing success stories from our customers. Don't take our word on how effective our systems are, read our customer success stories below!
Custom Auto Radio & Custone Electromotive Inc.
This site was launched in April 2017 and since then there has been 6,000 Users, 27,000 Page Views to the website, with an average of 3.5 Pages viewed and spending and average of 2 minutes and 40 seconds on the site.
Since launching the site they have received 75 Request an estimate submissions and 50 Contact Us requests!
Now they can promote their services, promote products and sell online.

"Friendly efficient service, build to requirement. Reasonable cost. Regular measurable results. Chris delivers project as promised and on time."

Sandor Csanyi



Tenn Tek
Generated 6 leads within the first month and a half of launching the site and closed two deals paying for the entire site!
The client can easily update their product catalog and content on the website themselves. Resulting in the most up to date product that they are selling is now available on their site.
On average the website receives 2-4 leads a month! Before they were receiving no leads from their website.
"Tenn Tek is pleased with the overall design, look and ease of use in updating the product catalogue.  Working with Chris and his knowledgeable team made the design and transmission from our old website to the new one seamless.

I think overall we achieved the goals we set out to accomplish, we also find very useful the Google Analytics which makes it useful to monitor the traffic to the website.

It is also important to note that we received six new leads generated from the new website and closed two deals within the first two months of having the new website."

Peter Ramsaran

Interested in learning more about our customers success stories? Hear what our happy customers are saying! To start your next website project and get the results you're looking for online, contact Chris at Bloomtools Durham Today!
Chris Downey
Web Consultant
Posted in: Latest News  

Darn IT Group: Cyber Threats To Watch Out For In 2018

Posted on 29 January 2018
Darn IT Group: Cyber Threats To Watch Out For In 2018

As 2017 is winding down, news of major cyber hacks, threats, and data breaches still linger in our heads. Which begs the next question, what will 2018 have in store for us?

2018 The Cyber Security Arms Race Continues

In 2017, the media dominated the airwaves of data breaches, cybersecurity threats, major hacks, which affected companies like Equifax, Verizon, Yahoo, and the WannaCry global incident. Which begs the question to organizations of any caliber are we next?

Various organizations, corporations, governments, public and private sectors, businesses big or small are all likely targets. What will 2018 have in store for us? McAfee and Kaspersky threat predictions identified cybersecurity trends to watch for in 2018:

  • The continuing and increasing "arms race" between defenders and attackers.
  • High-end Mobile Malware for Android and iOS.
  • Sophisticated UEFI and BIOS attacks.
  • Increased router and modem hacks.
  • Ransomware to evolve from traditional PC extortion to IoT, high net-worth users, technologies, and corporate disruption.
  • Consumer app collection of children's content to pose long-term reputation risk.


Global Infrastructure Attacks To Increase in 2018

Critical infrastructure cyber attacks is a major concern, as we come across some of these attack surfaces, many security experts are predicting that we will begin to see an increase of cyber attacks on critical infrastructure in 2018. Here are 16 critical infrastructure sectors that could be attacked in 2018:



  • The Energy Sector
  • The Dams Sector
  • The Financial Services Sector
  • The Nuclear Reactors, Materials, and Waste Sector
  • The Food and Agriculture Sector
  • The Water and Wastewater Systems Sector
  • The Healthcare and Public Health Sector
  • The Emergency Services Sector
  • The Transportation Systems Sector
  • The Chemical Sector
  • The Communications Sector
  • The Information Technology Sector
  • The Defense Industrial Base Sector
  • The Critical Manufacturing Sector
  • The Government Facilities Sector
  • The Commercial Facilities Sector


Why SMB's Need To Focus on Cybersecurity Outsourcing or Augmentation


There is no denying it, there is a shortage of skilled resources within the field of cybersecurity, over 3.5 million positions will go unfilled by 2021. Small to medium businesses will be affected due to budgetary reasons or lack of knowledge on the subject.

The pace of innovation of technology and solutions will help compliment some concerns, however, education for all employees is the key to maintaining the cyber awareness of organizations well into the future. The only problem that these organizations face is that sometimes IT departments lack the skillset or real-world experience in properly protecting an organization from the onslaught of cyber threats in the digital frontier. By outsourcing or augmenting your organization's cybersecurity stance, you allow the company become resilient by implementing cost-saving products and solutions to better equip your staff. Adhering to your businesses regulatory compliances, along with effective 24/7 threat detection and remediation will put your business in the right posture to become resilient to ongoing threats.


Darnley Greson Jr



Posted in: Latest News  
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News and press releases

Eliminating Tax Debt

Posted by Dennis Kish on 12 October 2018
  Tax debt can be a crushing burden to carry and many believe it is a life-long burden.   ...

Accident Benefit Coverage

Posted on 20 July 2018
Auto insurance and accident benefits aren't exactly the most exciting topic, but we are very concerned that you m...

How to Qualify for a Mortgage using Commission Income

Posted on 9 April 2018
Do you earn commission income? Having a hard time qualifying for the mortgage you want?
Real estate agents ...
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