Toronto Debt Solutions

5 STEPS TO STOP WAGE GARNISHMENT IN ONTARIO (FAST) 5 STEPS TO STOP WAGE GARNISHMENT IN ONTARIO (FAST) Did you wake up to a smaller paycheque? If a creditor is garnishing your wages in Ontario, they can legally take 20% of your gross pay—and if it's the CRA or for support, it could be up to 50%. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the 5 exact steps you need to take to stop wage garnishment and get your full paycheck back. Warning: Most people wait too long, losing thousands of dollars that they can NEVER get back. Under the Ontario Wages Act and the Bankruptcy and Insolvency Act (BIA), you have rights—but you have to trigger them. WHAT YOU WILL LEARN: ✅ How to identify if your garnishment is a Court Order or a CRA Requirement to Pay. ✅ Why "negotiating" with creditors usually fails once the garnishment starts. ✅ The "Automatic Stay of Proceedings": Your secret weapon to stop collectors instantly. ✅ Consumer...

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CONSUMER PROPOSAL VS BANKRUPTCY: WHICH ONE WINS IN 2026? (THE REAL DIFFERENCE) THIS BRANDON’S BLOG DROPS ON MAY 11, 2026, AT 12:00 NOON CONSUMER PROPOSAL VS BANKRUPTCY: WHICH ONE WINS IN 2026? (THE REAL DIFFERENCE) Are you feeling overwhelmed by debt and unsure which path to take? You aren't alone. With Canadian insolvencies at a 15-year high, choosing the right solution is the difference between losing your assets and a total financial fresh start. In this video, Brandon Smith, Licensed Insolvency Trustee at Ira Smith Trustee & Receiver Inc., breaks down the critical differences between a Consumer Proposal and Bankruptcy under the Canadian Bankruptcy and Insolvency Act (BIA). We’re stripping away the jargon to give you the "honest but unfortunate" truth about: ✅ Which option lets you KEEP your house and RRSPs. ✅ Why a Consumer Proposal payment stays fixed (even if you get a raise!). ✅ The real impact on your credit score (R7 vs R9). ✅ How to stop col...

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IS A HUSBAND RESPONSIBLE FOR HIS WIFE’S CREDIT CARD DEBT IN ONTARIO? (THE TRUTH!) IS A HUSBAND RESPONSIBLE FOR HIS WIFE’S CREDIT CARD DEBT IN ONTARIO? (THE TRUTH!) Are you worried that your wife's credit card debt will ruin your credit score or take your house? In Ontario, the rules of spousal debt are often misunderstood. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the legal realities of debt and marriage under the Bankruptcy and Insolvency Act (BIA) and Ontario law. What you’ll learn: ✅ The difference between Individual and Joint Debt in Ontario. ✅ Why a "Supplementary Card" might not mean what you think it does. ✅ How a spouse’s debt impacts "Net Family Property" and Equalization. ✅ How a Consumer Proposal can protect one spouse while settling the other's debt. ✅ Why you are NOT automatically liable for your spouse’s debt just because you’re married. If you are a husband in Ontario feeling the pressure of ...

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