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.
Surplus Income Calculation For A Family Of 5
2009-06-13
The amount allowed for basic living expenses for a household of 5 is currently $3,941. So, that amount is deducted from the household income and the amount you would be expected to pay based on your income would be a percentage of what's left over. If you'd like to have a look at the Government Directive that sets out the amounts and the calculation, here is the link: Surplus Income Directive If you have any questions about the calculation, feel free to get in touch with me. Judy Scott Meyers Norris Penny Limited [email protected]
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.
