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MNP Debt Blog

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Can debt die, too?

In addition to the stress and sadness of losing a loved one, winding up an estate can be a significant burden to your executor and heirs.

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In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many. To combat...

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CRA Collection Rights: Not Your Ordinary Creditor

The Canada Revenue Agency (CRA) is tasked with assessing and collecting income and related taxes from both businesses and individuals. So, what options are available to CRA to collect a debt?

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Debt and divorce: A financial fresh start

Divorce is a painful process for everyone involved. Add the financial stress of reconciling debt to the equation and it can quickly become overwhelming.

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How do you know if you're insolvent?

The first step to handling financial difficulty is being aware of the situation. Are you insolvent or bankrupt? Here’s how to tell.

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How to budget when you’re unemployed

When you find yourself out of employment and unable to make ends meet, there are several steps you can take to navigate the situation.

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What we’ve learned over five years of the MNP Consumer Debt Index

The MNP Consumer Debt Index celebrated its fifth anniversary in July 2023. The information we’ve collected over 25 quarterly surveys paints a detailed picture of how Canadians feel about their finances and individual debt situations.

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Is there a stigma to Bankruptcy?

Let’s explore some of the stigmas around Bankruptcy, why you shouldn’t be afraid of this process, and how a Licensed Insolvency Trustee (LIT) can help you on your journey toward a debt-free future.

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The road to a financial fresh start begins with gaining insight into your current financial state. MNP has built various easy-to-use and accessible tools to help you understand your finances and determine the best debt relief options for you.

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Bankruptcy can be an intimidating proposition, but it doesn’t have to be scary or complicated. Living with financial stress has many negative impacts, on your wallet, your mental health, and on your ability to plan for the future.

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