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Financial

This category contains 12 posts

Reinventing Home

Soaring real estate prices and a precarious work reality for young people is changing the way that some families are choosing to live. The Toronto Star recently released an article about a family of four who has chosen to re-invent their home to adapt to changing living conditions. Recognizing that it would be impossible for … Continue reading

Canada’s Federal Budget 2017

The Liberals released the Federal Budget last month – the overall theme was to strengthen the middle class. The Finance Minister, Bill Morneau, indicated that the plan’s objective is to grow employment opportunities for Canadians and ensure that Canada is innovative and globally competitive. Investments will be made in training, skills and innovation, public and green … Continue reading

Small Business Success

Approximately 40% of businesses in Canada have fewer than 100 employees. It is commonly recognized that small businesses are the backbone of the Canadian economy. A Globe & Mail article highlights the findings of the Scotiabank Global Economics Special Report on Small Business. The report indicates that small businesses have helped with the labour market … Continue reading

Average Weekly Earnings

Statistics Canada compiles statistics to “help better understand Canada, its population, resources, economy, society, and culture.” In March, the average weekly earnings of employees in Ontario were up .05% from the previous month, currently at $960/week for an average of 32.9 hours. A 0.7% increase has been recorded over a 12 month period. “The increase … Continue reading

Minimum Wage

The Minimum Wage in Ontario is set to increase this fall. On October 1, 2016, the minimum wage will rise from $11.25 to $11.40. Read the announcement. Read Employment E-News – August 2016 – Information You Need to Know   Image provided by http://www.1COMMUNITY1.ca.

Income Security Reforms

Social Services Minister, Helena Jaczek, claims that all low-income Ontarians will benefit from reforms to income security. Helena Jaczek’s mandate is to help improve income security for vulnerable Ontario residents. The Goal: To create an easy-to-understand system of support (both inside and outside of the social assistance program that seeks to provide adequate incomes) and … Continue reading

Cost of Living in Durham

Did you know that many residents of the Durham Region are living paycheque to paycheque… some are having trouble making ends meet even with full-time employment. The Community Development Council of Durham (CDCD) is on a mission to determine the cost of living in Durham. They will be taking a tour of the Durham Region … Continue reading

1000 New Jobs at GM

Last month, General Motors Canada announced a thousand new engineering jobs in Ontario, including in Oshawa. GM Canada president Steve Carlisle drove into the Oshawa engineering facility with Ontario Premier Kathleen Wynne and Prime Minister Justin Trudeau to make the announcement. Unifor president indicates that this is a sign that General Motors is not leaving … Continue reading

Five Changes to EI

Changes to Employment Insurance are coming… here are five things you may need to know. Employment Insurance is a regionally based system, taking into account local and regional employment-related factors. Twelve of the hardest hit regions across Canada have been identified as facing significant challenges. Measures to the EI system have been applied to aid … Continue reading

Ontario Budget for Students

The Ontario Budget, released in February, revealed radical changes related to the delivery of University and College loans and grants for students. The changes demonstrate a governmental commitment to make postsecondary education accessible to families with low incomes. According to the budget, most college and university students with a family income of less than $50,000 … Continue reading