Legislation

Alberta Government Introduces Legislation to Allow Halal Mortgage Options Debt Guru

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Alberta Government Introduces Legislation to Allow Halal Mortgage Options Debt Guru

By Jack Farrell Paying and receiving interest is prohibited in the Islamic faith under Sharia law, meaning traditional interest-based mortgages are not an option for many Muslims in Canada. A few private lending companies, such as Edmonton-based Canadian Halal Financing Corp., currently offer alternative financing plans that do not include interest payments, but these alternatives … Read more

Canada Passes National Medicare Legislation: What This Means for You – Debt Guru

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Canada Passes National Medicare Legislation: What This Means for You – Debt Guru

On October 10, 2024, Canada reached a historic milestone by passing the National Medicare Legislation, a major step towards ensuring equitable access to essential medicines across the country. This landmark decision addresses long-standing gaps in prescription drug coverage and moves Canada closer to a universal, single-payer drug care system. Here’s what this means for Canadians, … Read more