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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.