The annual measurement of viable income by the Institut de recherche et d’informations socioéconomiques (IRIS) in Quebec highlights the increasing cost of living in 2024. This study reveals not just the financial demands for basic necessities but also the broader economic realities many face today.
Read moreCanadian Business Landscape: A Snapshot of Q4 2023
In the fourth quarter of 2023, Canada’s real gross domestic product (GDP) remained relatively stable for the second consecutive month in August. Despite this, inflationary pressures persisted, registering a 3.1% year-over-year increase in October. Employment exhibited minimal change, but the unemployment rate rose to 5.7%, marking the fourth increase in six months.
Read moreCEBA Repayment: What Are My Options?
In response to the 2020 pandemic, the Canadian government set up the Canadian Emergency Business Account (CEBA) as a financial lifeline for businesses struggling with the crisis. Over 900,000 Canadian companies benefited from this interest-free support.
Read moreEquifax Canada Survey Highlights Canadians’ Financial Concerns
Equifax Canada recently conducted a consumer survey that sheds light on the financial worries of Canadians as we approach Financial Literacy Month in November. The survey reveals a range of concerns, including the ability to pay bills on time, manage debt, and protect personal financial data.
Read moreBreaking the Taboo: Discussing Mental Health in Financial Planning
In an increasingly complex and interconnected world, discussions around mental health have become more open and necessary. However, there’s one area where the conversation is often overlooked or shrouded in stigma: financial planning. Just as mental health plays a vital role in our overall well-being, it significantly impacts our financial decisions and behaviours.
Read moreWhen Debt Becomes Overwhelming: Signs that Bankruptcy May Be the Right Choice
Debt can be a heavy burden that weighs down individuals and businesses alike. Sometimes, despite our best efforts, financial challenges can become overwhelming, making it necessary to explore options such as bankruptcy.
Read moreThe CRA Is Seeking to Recover Over $3 Billion in Overpaid Benefits
The CRA is seeking to recover $3.2 billion in benefits that were overpaid during the Covid-19 pandemic. They have already sent out 825,000 notices to Canadian individuals and businesses who received either excess payments or who were ineligible to receive them. Here’s what to do if you received a notice of redetermination.
Read moreUnderstanding Quebec’s Bill 53 and the Impact of the Consumer Credit Lock
Quebec’s Bill 53 is a piece of legislation that was passed in 2020 with the intention of protecting Quebec consumers from identity theft and fraud. As of February 1st, 2023, consumers will be able to place a credit lock on their consumer report.
Read moreHow to Prepare for a Recession
‘Recession’ seems to be the buzzword of the last couple of years, but what exactly is a recession and how can you protect yourself in case a recession occurs?
Read morePlanning for Retirement
After working extra hard to earn money in order to live comfortably, the one thing everyone looks forward to is retirement. So the last thing you want is to reach retirement age only to find out that you won’t be able to make ends meet living the way you want to. That’s why below you’ll find tips and tricks on how to plan for retirement so that you can live the retirement life of your dreams.
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