MNP Consumer Debt Sentiment Survey reveals Canadians’ feelings about their debt and their perception of their ability to meet their monthly payment obligations.

A recent Ipsos poll conducted by MNP LTD. shows Ontario residents are growing confident about their debt.

A new survey conducted by Ipsos on behalf of MNP LTD, shows 4 in 10 Quebecers (41%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. Nearly 3 in 10 (28%) survey respondents say that the stigma surrounding Bankruptcy prevents them from seeking help.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (55%) of Ontarians say they are more concerned about their ability to repay their debts than they used to be.

I am often asked if personal income tax and / or GST debt can be dealt with through a Consumer Proposal. The short answer is yes; however...

According to a recent Ipsos poll conducted by MNP LTD., Ontarians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

Ontarians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Ontarians (45%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. One-third (32%) of survey respondents say the stigma surrounding Bankruptcy prevents them from seeking help....

The number of consumer insolvencies per thousand residents in Ottawa, aged 18 years or above, hit 3.8 in 2018 – the highest level since 2013, when it also sat at 3.8.

Nobody applies for a credit card, loan, mortgage or car payment with the intention of not repaying those debts.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (51%) of Quebec residents say they are more concerned about their ability to repay debts than they used to be.