Mechanic working on an engine

Newsroom

Maintaining records for inspections

| Industry bulletins

Under the Consumer Protection Act, Section 132(1) states that it is a requirement to create and maintain complete and accurate financial records. Every business operator and former business operator must maintain all records and documents created or received while carrying on the activities authorized by the business licence for at least three years after the

Read More

Financial February: reject negative equity

| Consumer bulletins

February is the month for falling in love! Before you fall in love with your next vehicle, AMVIC wants you to keep in mind the financial costs of buying and owning a vehicle. Have you ever heard of negative equity? That is when the amount you owe on a vehicle is actually more than what

Read More

Financial February: budgeting tips

| Consumer bulletins

February is the month for falling in love! Before you fall in love with your next vehicle, AMVIC wants you to keep in mind the financial costs of buying and owning a vehicle. After you know what kind of vehicle you are looking for, set a reasonable budget by looking at the total price of

Read More

AMVIC cancels Festival City Finance’s business licence due to alleged unpaid liens

| Consumer bulletins

AMVIC cancelled the business licence of Festival City Finance (1987518 Alberta Ltd.) on Feb. 3, 2020 due to concerns over numerous consumer complaints and business practices that placed consumers at financial risk. One salesperson working for the business has also had their salesperson registration cancelled. Festival City Finance’s business licence was suspended on Nov. 19,

Read More