MNP Debt Blog

Recent poll finds Canadians would need to earn nearly 40% more to eliminate debt.

Many Canadians enter marriage with a sizable debt burden from both parties. As the most heavily indebted country in the world by some measures, that doesn’t come as much of a surprise.

Beginning in January 2018, the Office of the Superintendent of Financial Institutions (OSFI) has prescribed new mortgage rules for Canadian homebuyers.

Bankruptcy is one of the most anxiety producing words in the financial lexicon.

Rich, poor or somewhere in between, financial wellbeing is an integral part of everyone’s mental health.

The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.

Imagine you are pulling into your driveway with your older but reliable car. It’s served you well without the slightest hint of trouble. You’ve never thought of replacing it.

A debt consolidation loan is a single loan – generally obtained from a financial institution such as a chartered bank or credit union – that allows you to repay debts to multiple (and ideally all) creditors at once.

According to a recent Ipsos poll conducted by MNP LTD., Canadians are increasingly worried about their ability to repay their debts.

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