The fourth season of the MNP 3 Minute Debt Break podcast has come and gone, and now it's time look back at a few of our favourite episodes.
Owing the government money can be very intimidating. It’s a topic that resonates with many Canadians. How to deal with debt owed to the Canada Revenue Agency, especially given the CRA's broad powers to collect what's owed. We’ll dive into what those powers entail, how you can navigate the situation, and what options are available if you find yourself overwhelmed.
If you have debt and have had it for awhile you might have asked the question.. "Is there a statute of limitations on my debt in Canada?" The short answer? Yes, there is. Each province in Canada has its unique statute of limitations governing how long a creditor has to take legal action against you for debt collection.
For richer… or for poorer? That is the question. Or put another way... when you get married, does your partner’s debt become your debt?
Sometimes financial trouble can creep up on us, turning everything upside down. But it's rare for debt to just appear out of the blue. Usually, there are signs along the way, and recognizing them early can make a big difference. Here are a few things to look out for and how to handle it before things get too tricky.
The makeup of your credit score has many layers. It includes your promptness in paying bills, how much of your available credit you use, your total debt, and how long you've had credit. Each of these elements can sway your credit score positively or negatively, impacting the opportunities available to you in terms of lending and credit terms.
Season five of the MNP 3 Minute Debt Break podcast premieres on June 3rd, so stay tuned for more bite-sized insights on how you can better manage your debt and stay on top of your finances.
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2025-01-08
Lifestyle Debt
Imagine this: you’ve just signed up for a gym membership, bought into a timeshare, or switched to a new service plan after someone convinced you it was a good idea. Now, you’re having second thoughts. It’s called buyer’s remorse, and it’s more common than you might think. But here’s the good news: buyer’s remorse laws exist to protect you.
2024-12-18
Lifestyle Debt
The holidays are a time for gathering with friends and family, sharing laughter, and creating memories. But hosting a holiday party can get expensive, especially with rising costs these days. Thankfully, you don’t need to spend a fortune to throw a memorable celebration. Here are some ways on how to host a fantastic holiday party on a budget.
2024-12-03
Lifestyle Debt
Debt can be a double-edged sword. On one hand, it can be a valuable tool to build credit and achieve financial goals, like buying a home or pursuing higher education. On the other hand, bad debt—like unmanaged credit cards and payday loans—can spiral out of control and lead to significant financial stress if not managed carefully.
