Doug Bell, CPA 
When shopping for a car, you may come across the term “OAC” in advertisements and loan offers. Understanding what OAC means and how it impacts your car purchase is crucial for making informed financial decisions. This guide will explain OAC in detail and provide insights into how it affects car buying. What is OAC? OAC …
Understanding car sales taxes in Canada is essential whether you’re buying a new or used vehicle. Sales taxes vary significantly across provinces and territories, and the tax implications differ between purchasing from a private seller and a dealership. This guide provides a comprehensive overview of car sales taxes across Canada, including a detailed table and …
Obtaining a car loan without a cosigner in Canada can be challenging, especially if you have limited credit history or a low credit score. However, with the right approach and preparation, it is possible. This guide will help you understand how to secure a car loan independently and provide practical steps to improve your chances …
Leasing a car is an attractive option for many Canadians looking for flexibility and lower monthly payments. This comprehensive guide will explain how car leasing works in Canada, its benefits, and what you need to know to make an informed decision. What is Car Leasing? Car leasing is a financial arrangement where you pay to …
Selling or buying a car privately in Ontario involves more than just transferring ownership; understanding the tax implications is crucial. This guide will explain whether you need to pay tax on private car sales in Ontario and how the process works. Understanding Private Car Sales in Ontario In Ontario, private car sales occur when a …
Selling a financed car involves some additional steps compared to selling a car you own outright. This guide will help you navigate the process of selling a financed car effectively and smoothly. Understanding Your Loan Balance Before you start the selling process, it’s crucial to understand your loan balance. This is the amount you still …
Recovering from bankruptcy and securing a car loan might seem daunting, but it is achievable with the right steps. This guide will help you understand how to get a car loan after bankruptcy in Canada. Understanding Bankruptcy and Its Impact on Your Credit Bankruptcy significantly impacts your credit score and financial standing, making lenders cautious. …
Getting out of a car loan can seem daunting, but there are several strategies you can use to manage or eliminate your debt. This guide covers practical methods to help you navigate your way out of a car loan effectively. We’ll cover everything from selling your car, to paying it off. Before we get started, …