Short Answer

In Alberta, a consumer proposal stays on your credit report for three years after the final payment is made.

Longer Answer

One of the biggest reasons consumer proposals are an attractive option to debtors in Alberta is that they can disappear off of your credit report much faster than a bankruptcy. The consumer proposal stays on your credit report for three years after you receive your Certificate of Full Performance, which means that the faster you can pay your consumer proposal, the faster it will be removed from your credit report.

In Alberta (and the rest of Canada) a personal bankruptcy stays on your credit report for 6 years. If it is your second bankruptcy, it will stay on your record for up to 14 years.