What You Keep In a Consumer Proposal
Unlike bankruptcy, Consumer Proposals allow you to choose which assets you keep, such as tax refunds and GST credits, RESPs (Registered Education Savings Plans) and RRSPs (including recent contributions you may have made). Life-Changing Debt Solutions isn't about what you have to give up; it's about ensuring your future financial security.
Consumer Proposals 101: An Introduction
When it comes to navigating through debt, it’s all about understanding your options. To learn more, download our newest e-book free:
If keeping your home is a priority, a Consumer Proposal may be the best choice for you. Although you will be expected over time to pay into your proposal an amount equivalent to the net equity in your home (what you would get ‘in hand’ if you were to sell it, adjusted for any provincial exemptions ). As long as you keep your mortgage payments up-to-date, your house remains yours to live in.
Learn more about what you get to keep after filing a consumer proposal in all provinces across Canada.
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2020-09-16
Nearly half (47%) of Ontarians still experiencing COVID-related disruption to their employment
MNP Consumer Debt Index COVID-19
A new poll by Ipsos carried out on behalf of MNP LTD has found that nearly half (47%) of Ontarians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours. Over the past few months, various financial relief measures from the government, banks, and businesses have helped cushion the financial blow of the pandemic for many Ontarian households. However, as these measures evolve or come to an end, the pandemic is still impacting household income for many.
2020-07-20
Ontarians optimism about debt and personal finances jumps amid relief measures
MNP Consumer Debt Index COVID-19
2020-06-22
Four in 10 (44%) Ontarians’ Work Situation Affected By Pandemic
MNP Consumer Debt Index COVID-19
