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MNP Debt Blog

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While credit can be helpful in a pinch, credit reliance can quickly become a dangerous cycle that's difficult to get out of when there's no longer a steady income coming into the household.

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Segregated Funds and the Effects in Bankruptcy

Segregated funds are a type of investment vehicle that allows an investor to invest funds with a guarantee minimum return of initial capital.

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British Columbians Embrace Low Interest Rates

With the Bank of Canada holding interest rates at record lows of just 0.5 per cent, many British Columbians are on a credit spending binge, using home equity as a means for taking on more debt.

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Can I File A Consumer Proposal If I'm Bankrupt?

If you are an individual who has filed a bankruptcy under the BIA and you have not been discharged from bankruptcy, you may opt to make a Consumer Proposal to your creditors.

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More Than Half Of Canadians On The Brink Of Insolvency

​Despite the fact that the Canadian economy continues to struggle, low interest rates have encouraged many Canadians to take on more debt.

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Building A Budget For A Seasonal Worker

Seasonal Income has led to many challenges for our clients. We see it often as debt ‘filling in the gaps’ until repayment becomes unmanageable.

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Could You Afford An Interest Rate Hike?

With the Bank of Canada holding interest rates steady at 0.5 per cent, Canadians are on a credit spending binge despite a continued slump in the national economy.

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Debt, Taxes And Your Options

While a corporation is intended, in part, to provide an individual with separation or protection from company debts, a personal director liability can be incurred on GST, PST and source deductions.

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Low Interest Rates Put Manitobans On Brink Of Financial Ruin

Despite the fact that the Canadian economy continues to struggle and unemployment takes its toll on several provinces, low interest rates have encouraged many Manitobans to take on more debt – putting thousands of households at risk should rates increase....

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Carefree Summer Spending Can Lead To Early Winter Hibernation

As Canadians settle down to embrace summer fun, what many are really doing is creating a winter of financial pain if they do not make the right choices over the coming months.

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