MNP Debt Blog

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

We are approaching the end of April and with that, the deadline for filing your 2016 income taxes. It is a safe assumption that some percentage of the 36 million or so Canadians will owe money to the federal government after filing and will either not...

As the price of living continues to increase across the country, along with an inflated housing market, many Canadians find themselves relying on credit to carry them through major events, expenses and sometimes even day-to-day costs. While credit can...

Using a credit card for everyday purchases has increased substantially in the past decade. The ease of obtaining credit cards plus the benefits credit card issuers provide have stimulated use by many Canadians. In 2013 there were over 80 million credit...

The Bankruptcy Assistance Program (the “BAP”) under the Bankruptcy and Insolvency Act is a very significant program for consumers.

Consumer proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems.

If you have one credit card with no balance will it be shut down too?

Christmas is upon us. It is time to plan for gifts, family gatherings and travel. Just like Santa Claus and his Elves, planning is a must and a credit card can be an important part of your tool box.

If you are struggling with rising debt, you may be looking for support or assistance to get your financial situation back on track. Bankruptcy is not the only solution for dealing with your outstanding debts.

Norman and Lena, otherwise well-set for early retirement, would be wise to get a better handle on spending.