If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Our Life-Changing Debt Solutions are designed to permanently get you out of debt once and for all – so you can stop worrying and start living again.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
The personal social and economic impacts of the COVID-19 crisis have been significant and are likely to worsen over the weeks and months ahead. Job losses, rising household costs and the likelihood of individuals and / or their family members falling ill are just a handful of factors that are likely to strain household budgets.
The federal government has recognized the toll this is likely to take on Canadians and put together a number of subsidies, deferrals and support measures to help those who are struggling under the pressure of the global pandemic. We’ve summarized the most relevant benefits for you, below.
Canadians who have been laid off or had their hours reduced and who qualify for EI can
click here to apply for EI benefits online.
The Government of Canada has also adjusted the requirements for EI sickness benefits — waiving the one-week waiting period and requirement to provide a medical certificate for Canadians who are sick, quarantined or have been directed to self isolate because of COVID-19.
More details here:Employment Insurance and COVID19
The CERB is a monthly wage subsidy for wage earners, contract workers and self-employed individuals who would not otherwise be eligible for EI. It will also support workers who are still employed but not receiving income because of disruptions to their work situation due to COVID-19.
What is it:
Who is eligible:
How to apply:
More details here:
Canada Emergency Response Benefit
Canada Revenue Agency will defer its filing due date for the 2019 tax returns and payments to
June 1, 2020. Any required payments will be deferred until
August 31, 2020 with no interest or penalties.
More details here:Department of Finance-Tax Filing Flexibility
GST Credit — Adults currently receiving the GST rebate will receive up to $300, and up to $150 per child, deposited to their account in May.
Enhanced Canada Child Benefit (CCB) — The maximum annual CCB payment has increased by $300 per child for the 2019-20 benefit year. This increase will reflect in the May payment for qualifying households.
Canada Student Loan Payments — There is a six-month interest-free moratorium on the repayment of Canada Student Loans.
Registered Retirement Income Fund (RRIF) — The required minimum withdrawals from RRIFs has been reduced by 25 percent for 2020.
More information about the
COVID-19 Economic Response Plan is available on the Government of Canada Website.
Whether you’ve been struggling with an overwhelming amount of debt or worry the ongoing COVID-19 crisis will significantly worsen your existing debt situation — you don’t have to wait to access the help you need.
Schedule a Free Confidential Consultation with a Licensed Insolvency Trustee to find out your options today.
During this initial meeting — which we can hold over the telephone or video conferencing — a federally licensed debt professional will review your entire debt situation, challenges and goals with you. And they will use that information to identify meaningful opportunities to address your debt. Possibilities range from debt consolidation and financial counseling to a
Consumer Proposal, which could see you become debt free in as little as nine months.
Based out of Vancouver, Grant Bazian is a Licensed Insolvency Trustee and President of MNP LTD. To learn more about how MNP Debt can help, contact our local office at 778.374.2108 or toll-free at 310.DEBT (310.3328).
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
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