MNP Debt Blog

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Saskatchewan residents’ consumer debt binge.

The numbers are in – and Canadians are on a credit spending binge.

​​​With Mother’s Day fast approaching, I am reminded of some of life’s lessons my mother taught me about spending and shopping.

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.

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....

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.

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.

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

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