MNP Debt Blog

Owing Canada Revenue Agency (CRA) money can be overwhelming — especially because the government has greater powers to collect outstanding debts compared to other creditors.

Thanksgiving is approaching. While some prepare to celebrate, you may be less confident about your ability to afford food and other items your family needs for the festivity.

Imagine yourself working hard to pay off a large sum of debt, but due to misfortune, mistakes, or any other circumstance, you’re falling behind. Your family depends on your income, and you are living paycheque to paycheque barely making ends meet....

Between rising interest rates and accelerating inflation, it’s hard to know what to blame when costs rise, and affordable mortgages are harder to negotiate.

Saskatchewan is seeing a hike in the number of residents filing for insolvency. With the steady rise in inflation figures and aggressive increase in interest rates in the country, Saskatchewan households are feeling the pinch.

The CRA has called to inform you of a balance you owe. What’s your next line of action?

As government attempts to cool the heating economy, you may need to take precautionary measures to save your financial health.

Every young Canadian needs the basic financial management skill to invest in their career, build a nest-egg for retirement and enjoy their lives free of unmanageable debt.

Filing for Bankruptcy is very emotional — and can be stressful — but what I can tell you is that a Licensed Insolvency Trustee can help!

Knowing your credit profile before you meet with your financial provider can do a lot to help you address any risks or gaps you may want to attend to, and increase your chances of success in the application process.