According to the third annual BDO Canada Affordability Index, which examines how affordable life is in Canada, the COVID-19 pandemic has widened the affordability gap, intensifying economic disparities across the country. The survey revealed that more than twice as many Canadians are worse off financially due to the pandemic compared to those whose personal finances have improved (39% […]
Finance
Money, stress and the global pandemic
Canadians have ranked money as their greatest cause of stress in life (more than personal health, work and relationships) according to the latest chapter of the Financial Stress Index, by FP Canada™. The report is a follow-up to FP Canada financial stress studies from 2014 and 2018. The latest survey asked Canadians about life pressures arising from personal […]
TurboTax study shows 76 per cent of Canadians wish they learned how to file their tax return in school
While Canadians can now file their tax return, many don’t feel confident enough to do it themselves. In fact, a recent Intuit TurboTax study found that more than 8 in 10 Canadian adults say they didn’t learn how to file their taxes in school. For many, tax season comes with an onset of stress, balancing […]
Canadians Spend an Average of Two Hours a Day Worrying About Their Finances
Recent polls commissioned by Scotiabank revealed that Canadians spend on average of 2 hours a day worrying about their finances. Canadians age 18-35 worry the most about their finances, at 2.4 hours a day, while those aged 55+ worry an average of 1.4 hours a day. Key Poll Findings: Information Overload: On average, 67% of […]
More than half of Canadians surveyed who don’t invest say it’s because they lack knowledge and confidence
Canadians who do not currently invest say their lack of knowledge and confidence are preventing them from getting financial information and advice, according to national survey results from the Investment Industry Regulatory Organization of Canada (IIROC). IIROC, with The Strategic Counsel, surveyed 2,000 Canadians, 500 of whom were “aspiring investors” (those who are interested in […]