The latest MNP Consumer Debt Index finds that Atlantic Canadians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

The latest MNP Consumer Debt Index raises red flags about Canadians’ plans to borrow more – and in potentially riskier ways – to make ends meet or finance their purchasing habits over the next few months.

Often, people focused on solving debt problems through a Consumer Proposal or Bankruptcy may not recognize the impact these processes can have on their personal income taxes.

In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many. To combat rising inflation, the Bank of Canada raised interest rates bringing them to their highest level since 2008. These increases in inflation and interest rates have put enormous strain on many Canadians....

Family Day is a nice break from other annual holidays that come pre-packaged with set traditions, expectations, and the ever-present commercialization that drives many of us to overspend. You have a blank slate to create your own schedule, activities, and memories that will last a lifetime.

Embrace the flexibility and take back control of your finances with the help of a Licensed Insolvency Trustee (LIT), from wherever you are.

Getting a hold of your debt can be stressful and having to go through that process online can add to the load. Meeting in-person with an LIT can help alleviate some of that stress.

The New Year always brings the promise of a fresh start.