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Newfoundlanders among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Greg Gosse
MNP Consumer Debt Index
Nova Scotians among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tina Powell
MNP Consumer Debt Index
Over half (53%) of Quebecers within $200 of financial insolvency; up six points since December
07/04/2021
Frederic Lachance
MNP Consumer Debt Index
Fifty-three percent say they are $200 or less away from not being able to meet all of their monthly bills and debt obligations, a six-point jump from December. This includes three in 10 (30%, +3pts) who report already being insolvent with no money left...
Read More arrow_forwardWhy earlier is always better when discussing money with your children
01/04/2021
Randy Kobbert
Lifestyle Debt
We may not always agree with our parents, but we are undoubtedly influenced by their habits, attitudes, and points of view. The norms and traditions of our upbringing can have lasting impacts on everything from the kind of laundry detergent we prefer...
Read More arrow_forwardTax debt? You have options
01/04/2021
John Athanasiou
Bankruptcy
Consumer Proposal
Alternatives to Bankruptcy
This year’s tax season will more than likely be extra challenging for the nearly nine million Canadians who applied for the Canada Emergency Response Benefit in 2020.
Read More arrow_forwardThe collection agents are calling. How do I make it stop?
25/03/2021
David Gowling
Credit Counselling
Are you in a situation where you’ve fallen behind on your debts and now the account is in collections? As if the stress of your mounting bills wasn’t bad enough, now you’re worried there’s a collections agent lurking behind every...
Read More arrow_forwardMy partner filed Bankruptcy; do I need to as well?
23/03/2021
Jeane Herman
Bankruptcy
It is a common misconception that if one partner in a marriage files Bankruptcy, the other needs to as well. However, this isn’t always the case: there is no law that says both parties must file Bankruptcy. But it is a timely opportunity to review...
Read More arrow_forwardDon't rely on luck! Build a financial plan
10/03/2021
Pamela Meger
Debt Solutions
Lifestyle Debt
Just the mere thought of financial planning is enough to send many people into a tailspin. But it can be a truly empowering exercise. You just have to break it down into small enough steps so it’s not so overwhelming.
Read More arrow_forwardConsumer Proposal versus Bankruptcy: Which one is best and what’s the difference?
10/03/2021
Linda Paul
Bankruptcy
Consumer Proposal
Consumer Proposals and Bankruptcies are government legislated insolvency options that can provide relief from serious debt problems. Both solutions can only be administered by a Licensed Insolvency Trustee. In addition, both solutions provide a legal...
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