MNP Debt Blog

According to Government of Canada figures, upwards of five million Canadians have applied for COVID-19-related income loss support since measures were announced in March.

Accessing and using credit is easier than ever. And that’s certainly convenient for some. But for others it means accumulating balances and interest charges faster than they anticipate — or can manage.

Anyone with debt — whether it is a small or large amount — must take time to mange it. The larger your debt load and the more creditors you have, the more difficult this will be.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg....

If you’re struggling with debt, you may have missed payments, debts may have gone to a collections agency and your stress levels are through the roof. Maybe you’re concerned about your credit rating and what to do next.

Whether it’s due to a job loss, marital separation or spending beyond your means, debt and interest costs can quickly become unmanageable. If you owe money and are having difficulties paying them back in a timely manner, you can expect lenders to...

Starting a new business is a great adventure. The anticipation for what’s to come motivates you to get up and take on the next challenge each morning.

People often worry meeting with a Licensed Insolvency Trustee means they’ll be forced into Bankruptcy or a Consumer Proposal and not offered any other options.

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

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