MNP Debt Blog

Surviving an income reduction can be extremely difficult, particularly if it results from an unexpected event such as layoff, termination or reduced hours of employment.

Many people dream of owning a home. But with consumer debt in Canada at an all-time high, a significant number may worry that goal is out of reach.

As a father, there are several financial lessons I hope I’ve passed along to my children. These are valuable bits of wisdom I’ve learned from my parents, personal experience and through my work as an accountant and Licensed Insolvency Trustee.

Your wedding will only last one day, but your marriage is for the rest of your life.

It’s a deceptively murky question without a straightforward answer.

The goal of living debt free is certainly an admirable one and something we support wholeheartedly.

Many Canadians enter marriage with a sizable debt burden from both parties. As the most heavily indebted country in the world by some measures, that doesn’t come as much of a surprise.

Beginning in January 2018, the Office of the Superintendent of Financial Institutions (OSFI) has prescribed new mortgage rules for Canadian homebuyers.

Rich, poor or somewhere in between, financial wellbeing is an integral part of everyone’s mental health.

Imagine you are pulling into your driveway with your older but reliable car. It’s served you well without the slightest hint of trouble. You’ve never thought of replacing it.