2025-11-20
Understanding what debt collectors can and cannot do
Debt Solutions
Understanding your rights as a consumer can help protect you when dealing with creditors and debt collection agencies.
Can Old Age Security Be Garnished By Creditors?
The only creditor who can garnish your Old Age Security is Canada Revenue Agency.
However, once it's deposited into a bank account, those funds can be seized by any creditor who has a judgment against you or, if you owe money to the same financial institution that your money is deposited with, that financial institution can seize the funds and apply them against your debt with them.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2025-11-13
Stigma of Debt: Your Questions Answered
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-05
What should you do when the Canada Revenue Agency calls?
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
