2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
You’ve got overdue bills and expenses, tried budgeting or cutting back, but nothing’s quite working to get you out of the cycle of debt. If this sounds familiar, there are other options to help you take control of your finances and become debt-free. At MNP, we will look at all of your options with you to discover which solution will work best for your individual situation.
Below are some free, downloadable forms that will help you stay out of debt once and for all.
Please contact us if you would like to speak with a MNP professional to explain these forms and assess your financial situation.
Consumer budgeting involves a few things: planning out your paycheques and where / how to spend them, planning for the usual monthly expenses and planning for irregular or annual expenses. All these steps help to avoid or reduce your debt and hopefully prevent you from having to look at debt consolidation options.
Creating a spending plan starts with knowing where you are at now. If you’re uncertain as to what your current monthly or annual expenses are, it will be tough to know where to make any changes. Step one would be to write out what your current income and expenses are, or at least your best estimate for now. That’s a huge start. Maybe this involves saving receipts for a month or two to get an idea. To help with this, we have a helpful Budget Worksheet for you to use.
2025-09-12
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.