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Canadians' earnings should be on an upswing right now, but they aren't.
Being in a gay household could mean a difference of $6,000 to $10,000 a year.
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Blame the rise of the machines for stagnant wages, Conference Board economist says.
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Alberta sees the biggest decline in wages, but Ontario and B.C. wages are losing steam as well.
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The average inflation-adjusted wage in Canada is 0.9% lower than a year ago.
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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?
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Inflation is tame right now. Wage growth is even tamer.
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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.
You needed an income of $222,000 to be one of Canada’s top one per cent of earners in 2013, Statistics Canada says in a new survey that also shows Ontario’s richest are falling out of the one-per-cent...
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.
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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?
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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.
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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.
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.
Canada’s economy expanded by 2 per cent in 2013, but new data from StatsCan shows wage earners saw virtually none of that reflected in their paycheques. The median after-tax income of Canadian househo...
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.
We Canadians are among the wealthiest people in the world, but we aren’t the wealthiest. A recent survey of disposable incomes around the world from relocation services site Movehub places Canada in t...
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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.
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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.
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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.
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Canada’s income inequality may be much worse than statistics suggest, because Canada’s biggest earners are hiding their actual incomes by incorporating themselves, says a new study. Recent measures of...
A recent report in the New York Times asserted that Canada may have the highest median income of any major developed country, but many economists point out the country's wage gains in recent years hav...
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.
In Canada's north, it seems like the glass ceiling has been cracked. Statistics Canada's third and final installment of the National Household Survey provides a bank of information on family and indiv...
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.
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 market is soaring the economic recovery is jobless, mill...
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.
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.
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 winning the lottery or receiving a large inherita...
OTTAWA - The growing economy hasn't done very much to boost Canadian incomes, a new report from Statistics Canada confirms.The agency reported Monday that median, after-tax income for families of two...
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 record high of almost 153 per cent to disposable inc...
OTTAWA - As consumers across North America brace for the start of shopping season, forgive the average Canadian worker for feeling a little left behind.The buying power of a typical Canadian paycheque...