2025-09-26
Is some debt good for my company?
Lifestyle Debt Debt Solutions
Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.
2016-10-18
Author: Grant Bazian
If we told you that many Canadians are struggling with overwhelming debt, would you be surprised? Given the sluggish economy, weakened loonie and increased unemployment, probably not. But if we told you that 56 per cent of Canadians were just $200 away from not being able to pay their debt, would that raise an eyebrow? What if we went one step further to do the math and found that statistic equals out to be 16,182,208* people across the country? Those numbers show millions of people heading into some dangerous territory when it comes to financial security.
The MNP Consumer Debt Sentiment Survey was conducted on behalf of MNP by Ipsos Reid. The original article speaking to the survey’s statistics was originally posted online at Financial Post on September 28, 2016.
* Calculated as 56% of the total adult population of Canada aged 18+ (about 28,896,800).
2025-09-26
Lifestyle Debt Debt Solutions
Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.
2025-09-25
If you are retired and have a large debt load, you may be considering filing for bankruptcy. You may also be wondering, however, what will happen to your retirement income and investments if you declare bankruptcy.
2025-09-25
Do you ever feel like no matter how much you streamline your budget, cut back on discretionary spending, and avoid impulse purchases — you just can’t seem to get ahead? The issue may not be your budget.