Hi banther
One of the key things I look for in a client, who is looking to put forward an IVA, is an element of certainty. In your case, where you have relatively low debts, there is little certainty about your financial future at present.
Salaries in Canada do tend to be lower than in the UK, and I would not recommend you entering into any form of agreement over here whilst you have not future job. A Debt Management Programme will probably be more flexible for you, and can adapt to changes within your budget better than an IVA.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk