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MNP Debt Blog

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Just out of high school? Build your first adult budget.

Creating strong budget habits early in adult life is essential to building a pathway to financial independence. To start, you will need to learn to create a budget.

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What are good reasons to borrow money?

You have probably heard, more than once by now, that not all debt is created equal. Some types of debt can actually be beneficial, where others can put your personal and family well-being at risk.

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Tax Debt: Your Questions Answered

As another tax season has come and gone, you may still have lingering questions regarding tax debt related to CERB, student loans, and collection calls. To answer your questions, and to learn about the options available to you, tune into our Tax Debt...

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What is my credit profile?

Knowing your credit profile before you meet with your financial provider can do a lot to help you address any risks or gaps you may want to attend to, and increase your chances of success in the application process.

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What Is a Licensed Insolvency Trustee?

The terminology surrounding debt problems and solutions can be confusing. How much debt is “overwhelming” debt? What does it mean to be insolvent — does it simply mean owing too much money to too many credit accounts? And what is the...

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How you can tell if you’re dealing with a REAL Trustee

A Licensed Insolvency Trustee (“Trustee”) is licensed by the federal government, specifically by the Office of the Superintendent of Bankruptcy, and is the only licensed debt professional in Canada permitted to administer bankruptcies and consumer proposals....

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Can I file for bankruptcy if I am unemployed?

Over the course of the pandemic, many people lost their jobs and had to rely on unemployment benefits as a sole income, making it even more difficult to manage debt.

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How do I future-proof my small business in case of disaster or emergency?

Whether you run your business via a corporation, partnership, or sole proprietorship, you cannot know when events in the future will have a significant impact to your business and cash flow.

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It’s always been difficult to plan for future financial challenges. But these days, the unforeseen seems to be a regular occurrence. No one has a crystal ball for global events let alone circumstances that are unpredictable in your personal world....

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10 Environmentally Friendly Ways to Save Money

Earth Day is a time to turn our attention to our personal consumption habits, and the impact we’re having on the environment. But consumption does not just leave an environmental footprint, it also leaves its mark on our finances. The good news...

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