2025-10-01
Debt consolidation vs. consolidating credit: What’s the difference?
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
What Happens With Income Tax Debt In Bankruptcy
2011-01-28
Hello, This is a good question as there is a common misconception that income tax debt is not discharged or "forgiven" in bankruptcy. Income tax debt is in fact extinguished in bankruptcy. One exception would be if you owe a substantial amount to Revenue Canada for an income tax debt and they have registered a Certificate of Judgment on your property. If this has occurred, the judgment remains enforceable and essentially has the effect of a mortgage on your property (i.e. the debt would have to be paid before the judgment would be removed). Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
Latest Blog Posts
2025-09-30
MNP’s Canadian guide to affordable fun: Quebec edition
In times of economic uncertainty, finding joy in the simple, budget-friendly experiences is more important than ever.
2025-09-29
Five essential steps to a better budget
Lifestyle Debt
A clear, realistic budget can help you reach your goals faster. Learn five practical steps to take control of your finances and spend with confidence.
