Lenders can hike interest rates up to 59 per cent. One senator is trying to make that illegal.
The average family will pay $411 more for groceries next year.
Having a clearly defined poverty line enables a government to set targets, such as reducing the prevalence of measured poverty.
It'll be a night to remember.
Almost 40 per cent of adult Canadians (over 10 million people) experienced moderate to high levels of income volatility over the past year. Approximately 3.3 million of these Canadians actually saw their monthly income fluctuate by 25 per cent or more.
The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.
Hunger Awareness Week invites us to not only talk about the problem of hunger in Canada, but to think about how we can address it. At the Ontario Association of Food Banks, our long-term vision has always been a hunger-free Ontario. Next summer, this dream may inch a little closer to becoming a reality.
It is time we make sure all low-income Canadians are accessing the benefits Parliament has already agreed they deserve. It is incumbent on the government to make sure everyone is aware of the benefits they are due. The CRA needs to provide strong support to ensure barrier-free tax filing for all those in need.
While the incomes of Canada's wealthiest are increasing, the absolute wealth of our poorest is decreasing. As this gap grows, so too do the differences in people's health risks, care and outcome. The poorer people are in Ontario, the more likely they are to have shorter lifespans, to be overdue for screening tests and to suffer from multiple chronic health conditions.
The proposed budget will increase government spending while having a deficit of $29.4 billion. It will direct billions of dollars to infrastructure spending, First Nations, and the middle class and lower income groups.