MNP Debt Blog

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

Today’s youth face wide range of financial challenges that were largely unheard of a generation ago. Why are relatively young people facing such high debt loads and shaky financial futures so early in life? Let’s look at some obvious and not...

The personal social and economic impacts of the COVID-19 crisis have been significant and are likely to worsen over the weeks and months ahead.

There are many things schools are great at. However, one area that rarely gets the attention it deserves is financial literacy.

While a corporation is intended, in part, to provide an individual with separation or protection from company debts, a personal director liability can be incurred on GST, PST and source deductions.

While filing for bankruptcy may be a completely viable option for some, it’s not the only option out there.

Companies devote resources to protect their business but often overlook the details necessary to also protect key stakeholders and directors.

Trying to manage debt can be a highly stressful matter for anyone to handle, especially during the holiday season.

The short answer, is yes, though the reality of passing off the responsibility of your debt(s) can be a little more complicated. There are a number of ways for a third party to assume responsibility for your debts – both on a formal basis and an informal...