MNP Debt Blog
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Bank of Canada's announcement on the prime lending rate: Why you should care
11/12/2023
David Gowling
Bankruptcy
Consumer Proposal
A hot topic in economic news these days is the question of when the Bank of Canada will announce whether they are going to change the prime lending rate. For consumers, the more important question is: how will this announcement affect you?
Read More arrow_forwardHow can I manage my CERB repayments?
12/04/2023
Donna Carson
Consumer Proposal
Bankruptcy
The Federal Government rolled out the Canada Emergency Response Benefit (CERB) to support those who were unable to work during the COVID-19 pandemic — and many people signed up quickly before the eligibility requirements were complete.
Read More arrow_forwardWhat are the pros and cons of a Consumer Proposal?
17/07/2023
Beth Maynard
Bankruptcy
Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
Read More arrow_forwardHow Are Interest Rate Increases Affecting Mortgages (MNP 3 Minute Debt Break)
13/04/2023
Debt Solutions
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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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.
Read More arrow_forwardLiving Within Your Means (3 Minute Debt Break)
03/04/2023
Lifestyle Debt
Living beyond our means can lead to financial disaster. The increasing accessibility of credit cards and online banking makes it easier than ever to overspend. Rising costs of goods and social media pressures to keep up appearances can make it worse....
Read More arrow_forwardSpring cleaning your finances? Here are five ways to go about it
20/04/2023
Wesley Cowan
Lifestyle Debt
It’s spring season! And as we open up to warmer temperatures and a season of bloom, your finances can also experience a positive shift that will lead you to achieve your financial goals. How can you spring-clean your finances? Review your budget,...
Read More arrow_forwardHow do inflation trends impact people in Southern Alberta?
20/03/2023
Ryan Epp
Debt Solutions
The Bank of Canada has just announced another increase in interest rates. How does this affect you as a Southern Albertan?
Read More arrow_forwardConsumer Proposal vs Bankruptcy: Explore your debt relief options
30/03/2023
Bethany Stuive
Bankruptcy
Consumer Proposal
If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. How do you know which option is best for you?
Read More arrow_forwardHow do you know if you're insolvent?
28/04/2023
Olivier Boyd
Alternatives to Bankruptcy
Bankruptcy
Debt Solutions
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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