Canadian Association of Insolvency & Restructuring Professionals

Insolvency isn’t just about bankruptcy—it comes up more often than you might think.

Understanding the basics can help professionals spot early warning signs, assess risk, and better support clients when it matters most.

In this quick read, we cover:
✅ What insolvency really means
✅ Key tests every accountant should know
✅ How Canada’s legal framework shapes outcomes

📖 Read the blog: https://cairp.ca/industry-views-news/blogs/insolvency-basic-principles-for-accountants

Curious to go deeper?

🎓 Learn more about CAIRP’s Introduction to Insolvency course:
https://cairp.ca/become-a-cirp/insolvency-course-introduction/

🚗 Does your car payment feel like it's never going to end?

You're not alone. With vehicle prices rising and loan terms now stretching to 7 or even 8 years, many Canadians are trapped in a cycle where they trade in their car before it's paid off — and roll that leftover debt into the next loan. Effectively, they end up paying for a car and a half.

If debt is feeling unmanageable, you don't have to figure it out alone. A Licensed Insolvency Trustee (LIT) can walk you through your options. LITs generally offer free consultations — no commitment, no upfront fees — to give you a realistic picture of the debt relief options available for your situation.

🎥 Want to learn more? Watch André Bolduc, CAIRP's Immediate Past Chair, speak about this issue at the House of Commons: https://www.youtube.com/watch?v=BCkxWuMBQss

CAIRP/ACPIR 1 like. "Canada's Household Debt Crisis: CAIRP's Past Chair Speaks at Parliament"

Tax debt can sneak up on anyone — a job change, an RRSP withdrawal, or self-employment income can all lead to an unexpected CRA bill. Left unaddressed, the consequences are serious: wage garnishment, withheld refunds, and liens on your property.

The good news? You have options.

Our latest blog, written by Braden Burritt, CIRP, LIT, breaks down why tax debt happens, what the CRA can and will do if you don't act, and how — from informal payment arrangements to formal debt relief through a Licensed Insolvency Trustee — you can stop collection action and get a fresh start.

If you or someone you know is dealing with CRA debt, this is a must-read. 👇

📘 Struggling with student loan repayment in Canada? You're not alone — and there are smarter ways to manage the burden.

Our latest blog by Pamela Meger, CIRP, LIT breaks down key government-backed options like revising your repayment terms, accessing repayment assistance plans, and even exploring loan forgiveness opportunities. From lowering monthly payments to understanding eligibility for forgiveness if you work in certain professions or communities, she covers what you need to know to make informed decisions about your student debt.

👉 Read more: https://cairp.ca/industry-views-news/blogs/A_Smarter_Way_to_Handle_Student_Loans_in_Canada_Repayment_Assistance_Revised_Terms_and_Forgiveness

“Whether someone is overwhelmed by debt or just unsure of their options, Licensed Insolvency Trustees can help people understand what they’re dealing with and what their choices actually look like.” - Wesley Cowan, MA, LLM, CIRP, LIT and Vice Chair of CAIRP

Read more in Retail Insider: https://retail-insider.com/retail-insider/2026/02/consumer-insolvencies-reach-second-highest-annual-level-on-record-in-2025-as-business-filings-fall/?utm_campaign=daily_retail_news&utm_medium=social_tweet&utm_source=X

If you are facing unmanageable debt, reach out to a Licensed Insolvency Trustee today. They typically begin with a free consultation: no pressure, just clear guidance.

Consumer insolvencies reach second-highest annual level on record in 2025 as business filings fall Consumer insolvencies rose 2.3 per cent last year from 2024 to 140,457 filings.

💡Debt reduction is a top New Year’s resolution — but how do you make it stick?

With interest rates easing and costs of living still high, many Canadians are feeling cautiously optimistic heading into 2026. But the average household still carries significant debt, and vague goals won’t move the needle.

Our latest blog by Brandon Smith, CIRP, LIT breaks down practical, realistic strategies to help Canadians:
• Reset outdated budgets
• Choose the right debt-paydown strategy
• Take advantage of lower interest rates (without repeating past mistakes)
• Set achievable milestones that build momentum

Progress beats perfection. Small, consistent steps can lead to lasting financial resilience.

https://cairp.ca/industry-views-news/blogs/Financial_Reset_2026_How_Canadians_Can_Set_Realistic_Debt-Reduction_Goals_That_Stick

As we approach year-end, our latest blog by Kaitlin Verge, CIRP, LIT examines key insolvency trends in 2025 and what lies ahead in 2026, including:
• What’s driving insolvency trends in Canada
• Why mortgage renewals will be a major pressure point
• Practical steps Canadians can take now to strengthen their financial footing

👉 Read the full blog here: https://cairp.ca/industry-views-news/blogs/Insolvency_in_2025_and_Building_Financial_Resilience_in_2026

How do you plan for retirement with confidence and clarity? Watch this video by Pamela Meger, CIRP, LIT for helpful tips on how to approach retirement, the things to think about to get retirement ready, and how to secure your financial future.

https://youtu.be/yYyM4e3Jql4

How does a consumer proposal or bankruptcy affect your credit? How long does it appear on your credit report and what does that mean for your financial future? Watch our latest video by Michael Comrie, CIRP, LIT to learn more.

🎥 Watch the video: https://www.youtube.com/watch?v=Ocib1QCK5Ec
📘 Read the blog: https://cairp.ca/industry-views-news/blogs/How_Does_a_Consumer_Proposal_or_Bankruptcy_Affect_Your_Credit

As a small business owner, managing your cash flow and having a financial cushion matters. No matter how passionate you are or how great your product is, the timing of money coming in and going out can make or break your operation. Watch our latest video by Rebecca Frederick, a Licensed Insolvency Trustee and small business owner for some useful tips on managing your cash flow effectively.

🎥 Watch the video: https://youtu.be/sGpTQPJSE-Q
📘 Read the blog: https://cairp.ca/industry-views-news/blogs/Cash_Flow_Management_Essential_Tips_for_Small_Business_Owners