2008-07-08
The following changes are now in force as of July 7, 2008: Student loans will now be forgiven in a bankruptcy or proposal if the individual ended their studies more than 7 years before the date of bankruptcy. This is a reduction from the previous 10 year rule. RRSPs, with some restrictions, will be protected from creditors in a bankruptcy or proposal. The restrictions are that, in some provinces, contributions made in the previous 12 months will not be protected. Stay tuned - further details will be provided as more information becomes available.
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
