Canada Income

You'll Need To Earn This Much To Afford A House In Canada

Workopolis | Posted 09.23.2016 | Canada Business

From foreign buyers gobbling up properties sight unseen to young families trying to raise kids in condo towers, the Canadian housing market is a hot topic of discussion these days. But what do houses really cost these days?

It's Time For Canada To Test A Basic Income

Sen. Art Eggleton | Posted 02.26.2017 | Canada Politics
Sen. Art Eggleton

What we have done for far too long is simply not working. Even with all the social supports in place, the resulting income is often only enough to maintain a family in poverty. At their worst, existing policies and programs actually entrap people in poverty. This is why we need a new way. A basic income would work as a tax credit administered through the taxation system similar to the Guaranteed Income Supplement for seniors. If someone earns less or has less than the poverty line, they would simply be topped up to a point above the poverty line.

Reverse Mortgages: The Good, The Bad And The Misunderstood

Samantha Brookes | Posted 10.28.2016 | Canada Business
Samantha Brookes

There are a ton of regulations involved in reverse mortgages, but they are still becoming more and more popular because frankly they can be beneficial. Like any mortgage or loan it is all situational. For some people a reverse mortgage is a great idea and maybe even their best option, but for others it is just a way to incur more debt.

Why Australia's Pension Reform Won't Work for Ontario

Rob Brown | Posted 09.08.2016 | Canada Business
Rob Brown

Before we blindly adopt the Australian pension system as our own, we need to take several long moments in deep thought and contemplation -- and look at the evidence. Yes, you are able to invest as you wish. In fact, you are responsible for investing your dollars to achieve the highest rate of return available. Is this something for which you feel capable?

5 Tips to Help You Create a Realistic Budget

Wade Stayzer | Posted 08.26.2016 | Canada Living
Wade Stayzer

Budgeting isn't a dirty word, yet for many people the process of creating and living on a budget is seen as confusing, restrictive and scary. Creating a budget is actually a very straightforward process. Budgets aren't difficult but they require organization and discipline in order to be successful.

10 False Assumptions About Money and Finding a Fulfilling Career

Sarah Vermunt | Posted 08.21.2016 | Canada Business
Sarah Vermunt

A client of mine liked to think in black and white. In her mind, you could either do a job you hate and make a ton of cash, or do a job you love and be dirt poor. No iPhone. It was one or the other. Without knowing it, she had tied the concepts of fulfilling work and poverty together.

The Pros and Cons of Renting Out Part of Your Home

Samantha Brookes | Posted 08.14.2016 | Canada Business
Samantha Brookes

On the surface it seems like a fabulous idea: Carve out a portion of your home, rent it out and use the rental income to pay your mortgage. You get to live basically "rent free" while at the same time reaping the tax benefits of writing off some of the costs associated with accommodating a rental apartment in your home.

Politicians Who Discuss Healthcare Without Poverty Are Missing the Point

Carolyn Shimmin | Posted 06.23.2015 | Canada Politics
Carolyn Shimmin

With a federal election on the horizon, certain high level policy topics are bound to make the headlines beyond the personalities of the political leaders: the economy, energy prices, jobs prospects even climate change. But what seems surprisingly absent from the political hustings so far has been a fulsome discussion of the health of everyday Canadians.

The New West: Money, Jobs and a Flood of Young Adults

Mark Milke | Posted 02.08.2015 | Canada Business
Mark Milke

Question: If you're young, or have very little education, where's the best place in the country to find a job, make a decent income and prosper? Answer: Alberta, followed by Saskatchewan and British Columbia.

What Happened to Income Inequality in Canada in 1995?

Greg Sward | Posted 02.07.2015 | Canada Business
Greg Sward

Personally speaking, I was not surprised to see that Manitoba, Saskatchewan and Alberta have the greatest variance in data since many of their incomes are tied to agriculture and commodities which tend to be volatile industries.

Women With Multiple Chronic Conditions Are Screened Less Often for Breast Cancer

University of Toronto News | Posted 10.28.2014 | Canada Living
University of Toronto News

Women with severe disabilities and multiple chronic conditions are screened for breast cancer less often than women with no disabilities or no chronic conditions, a new study has found.

Pathways out of Poverty: My Personal Experience

Danisha Bhaloo | Posted 02.05.2014 | Canada Impact
Danisha Bhaloo

I lived in poverty growing up. I dealt with social issues no child should ever have to deal with: bullying, low self-esteem and self-confidence, and their impact of my grades. My father unexpectedly passed away when I was 12 years old, and as a result, my mother worked two jobs to support my sister and me.

Surprising Place In Canada Where Women Make More Money Than Men

The Huffington Post Canada | Mohamed Omar | Posted 09.12.2013 | Canada Business

In Canada's north, it seems like the glass ceiling has been cracked. Statistics Canada's third and final installment of the National Household Surv...

Why Raising the Minimum Wage Won't Help Anyone

Charles Lammam | Posted 10.29.2013 | Canada Politics
Charles Lammam

If the government is serious about tackling Ontario's youth unemployment and fostering job creation, then it should steer clear of future minimum wage increases regardless of what formula the advisory panel recommends. The reality is that increasing the minimum wage will actually reduce job opportunities and not alleviate poverty.

Saving Capitalism from Itself

Richard Florida | Posted 07.20.2013 | Canada
Richard Florida

This piece originally appeared in the Toronto Star. You don't have to be a Marxist to wonder if capitalism has run its course. Though the stock marke...

Right-to-Work Ought to Trump Union Privilege

Alex Vronces | Posted 06.03.2013 | Canada Business
Alex Vronces

The authors of a report by the Canadian Foundation of Labour Rights warn that the enactment of right-to-work legislation will weaken unions and effectively toss Canadian workers under the jackboot of the corporate elite. But the fact of the matter is not as clear-cut as the CFLR and its sources of information let on.

Canadians With Lower Income Have Higher Opportunity

Yanick Labrie | Posted 12.09.2012 | Canada Business
Yanick Labrie

We often hear that in Canada, "the rich are becoming richer while the poor are getting poorer." Fortunately, studies focusing on economic mobility in Canada tell a totally different and more accurate story. By looking at these data, it becomes clear that it is the poorest 20 per cent who enjoy the highest upward economic mobility.

This Is A Financial Plan, According To 1/3 Of Canadians

CP | The Canadian Press | Posted 12.30.2012 | Canada Business

TORONTO - One-third of Canadian respondents to a new survey admit their financial plans include counting on a future injection of good luck, either by...

Pockets Not Getting More Padded? You're Not Alone

CP | Julian Beltrame, The Canadian Press | Posted 08.18.2012 | Canada Business

OTTAWA - The growing economy hasn't done very much to boost Canadian incomes, a new report from Statistics Canada confirms.The agency reported Monday ...

Canadians Getting Poorer, In More Debt Than Ever

CP | Julian Beltrame, The Canadian Press | Posted 02.12.2012 | Canada Business

OTTAWA - Canadians keep taking on more debt even as they get poorer, a new Statistics Canada report showsAverage household debt in Canada hit a new re...

Canadian Wages Fail To Keep Up With Cost Of Living

CP | Julian Beltrame, The Canadian Press | Posted 01.24.2012 | Canada Business

OTTAWA - As consumers across North America brace for the start of shopping season, forgive the average Canadian worker for feeling a little left behin...

No Margin For Error: Canadians Living Paycheque To Paycheque

CBC | Posted 11.08.2011 | Canada

Most Canadians are living paycheque to paycheque and would be in financial difficulty if their pay was even one week late, a new survey suggests. ...