Whether you undergo a bankruptcy proceeding or a consumer proposal to get a fresh start from excessive debt, one important item to understand is the rules around surplus income.

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances.

A survey conducted by Ipsos on behalf of MNP LTD helps to identify some of Ontarians’ costly money mistakes which could be contributing to the mounting consumer debt challenges across the province.

A survey conducted by Ipsos on behalf of MNP LTD helps identify some of British Columbians’ costly money mistakes which could be contributing to the mounting consumer debt challenges across the province.

A survey conducted by Ipsos on behalf of MNP LTD helps to identify some of Atlantic Canadians’ costly money mistakes which could be contributing to the mounting consumer debt challenges across the province.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg.

When all is quiet and your body finally stops at the end of the day, your mind doesn’t always follow suit — especially if you’re struggling with financial stress.

Whichever holiday debt you’re carrying – or may be thinking of incurring – now’s as good a time as any to change course and make it go away for good.

According to a recent Ipsos poll conducted by MNP LTD., Atlantic Canadians are the sole exception to a Canada-wide trend of increased anxiety around debt, interest rates and personal finances.

More Canadians see grey skies on the horizon heading into the new year and beyond as fewer expect their debt situation to improve, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.