2025-05-07
How to be a responsible credit card user
Credit cards are a popular and convenient form of credit that can be a very useful tool.
Canadian Household Debt
2015-10-02
According to Statistics Canada, households in Canada had the highest debt level ever when measured as a portion of disposable income in 2015’s second quarter. The ratio of household credit market debt to disposable income rose from 163% in Q1 to 164.6% in Q2. This means that for every dollar of disposable income households brought in, they owed almost $1.65. As interest rates have fallen in the country, more Canadians have gone further and further into debt. MNP LTD TrusteeLana Gilbertson talks to Business Vancouver in an article about the amount of debt many Canadian families are dealing with and how they are looking for feasible debt solutions. The original articlehttps://www.biv.com/article/2015/9/canadian-household-debt-ratio-hits-highest-level-r/ was originally posted online on Business Vancouver on September 11, 2015.
Latest Blog Posts
2025-04-25
Understanding debt collection in Canada: Protecting your financial health
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Top five mistakes to avoid when considering filing for bankruptcy
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
