canadian payroll association
Overwhelming debt and a rising cost of living are the leading causes.
You’d think a booming economy would help people get out of debt. In Canada today, you’d be wrong.
According to the Canadian Payroll Association's survey of employed Canadians released in advance of this week's festivities, 53 per cent of British Columbians reported that "it would be difficult to meet their financial obligations if their pay cheque was delayed by even a single week."
40 per cent of Albertans feel overhwelmed by their debt.
While everyone's been furiously pointing fingers at each other over Vancouver's skyrocketing house prices, little attention has been paid to the other side of most real estate transactions: the pay stub.
Most Canadians are living paycheque to paycheque and would be in financial difficulty if their pay was even one week late