MNP Debt Blog

I recently worked with a retired and widowed client who came to MNP inquiring about possible debt solutions. He owed more than $120,000 on various credit cards and lines of credit which he was frightened he could never pay back in his lifetime.

As baby boomers continue to age, they face a growing number of questions about how they’re going to manage in the last phase of their lives.

Regret is one of the most common refrains Licensed Insolvency Trustees hear when we talk to clients about their debt. They ask questions like, “how did I get into this mess?” Or, “why did I make that decision?”

After nearly a decade of historic lows, the Bank of Canada began increasing its key overnight interest rate in July 2017 in response to improving employment figures and a growing economy.

As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and...

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

Tax debt can be a scary prospect, particularly if it comes up unexpectedly. However, given the rise of and persistence of recent scams, it is important to confirm that it is, in fact, the Canada Revenue Agency (CRA) that is calling you.

Summer conjures thoughts of lazy days at the lake, sunny afternoons in the garden, family barbeques and road trips you wish would never end.

If you are an entrepreneur, sub-contractor or small business owner, tax season is likely one of your most challenging times of year.

At MNP, we’re seeing a growing number of people working well-past retirement age simply to afford their monthly debt obligations.