Debt news, explained by people who deal with it every day.

What we cover

Each week we publish short, plain-language stories on the numbers and decisions that move Canadian debt: insolvency statistics from the Office of the Superintendent of Bankruptcy, Bank of Canada rate decisions, credit bureau delinquency data, changes to insolvency law and CRA collections, and the pressures facing small businesses. Every story links to its primary sources.

Contributors

• Adam FisherCPA, CIRP, LIT · Chief Information Officer, Harris & Partners Inc.
• Joshua HarrisBComm, MIB, CIRP, LIT · CEO, Harris & Partners Inc.
• Kyle HarrisLL.B., CIRP, LIT · Chief Legal Officer, Harris & Partners Inc.

Disclosure

The Paydown is published by contributors who are Licensed Insolvency Trustees atHarris & Partners Inc., a federally licensed insolvency firm. Harris & Partners supports the cost of running this site. Where a story mentions where to get help, we may link to Harris & Partners alongside the federal directory of all Licensed Insolvency Trustees, so you can choose any licensed professional.

Licensed Insolvency Trustees are regulated by the Office of the Superintendent of Bankruptcy and bound by a Code of Ethics under the Bankruptcy and Insolvency Act. Nothing on this site is a solicitation to file, and nothing here is legal or financial advice for your specific situation.

Editorial standards

• Primary sources first. Statistics come from the OSB, Statistics Canada, the Bank of Canada, the credit bureaus or the organisation that published them, and are linked at the end of every story.
• Reviewed by a licensed trustee. Every story is reviewed and approved by a contributor before it is published.
• Plain language. We explain terms like "consumer proposal" and "Division 1 proposal" in everyday words.
• Corrections. If we get something wrong we fix it and note the update date on the story. Email editor@thepaydown.ca.