MNP Debt Blog

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.

With a stagnant economy and unemployment continuing to take its toll on several provinces, thousands of households or Canadian households are finding themselves struggling to keep up with an ever-increasing cost-of-living as debt continues to compound....

Considering bankruptcy as a debt solution but wondering what happens to your property across the border? Let’s explore.

The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency...

An RRSP is an asset of a bankruptcy estate, however subject to exemptions provided by both provincial and federal legislation. It is the exemptions afforded a bankrupt that permits an individual to retain certain assets, while permitting them to access...

As unemployment continues to roll through Saskatchewan and the value of Canadian oil continues to slump on the global market, households across the province are finding themselves on the bring of financial ruin.

Equifax Canada and TransUnion Canada are the two main credit bureau companies in Canada.

While the story of Bre-X certainly played out like a movie script, like most Canadian scandals, it garnered little interest outside of the mining industry south of the border, especially, almost 20 years later.

MNP’s Vicky Samuels recently spoke with Discover Airdrie about the increase in bankruptcies throughout Alberta as household incomes continue to waiver across the board.

Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.