Statistics Canada has updated preliminary estimates of the Indigenous economy, defined as gross domestic income (GDI) earned by Indigenous workers and Indigenous-led businesses (where 50% +1 of the owners identify as Indigenous), along with data on jobs held by Indigenous people. This latest...

This handbook from Money Mentors Alberta outlines the steps to rebuild your...

Inflation tells us how much prices have changed year-over-year. It’s noticeable in the cost of everyday things, for example the price of a candy bar today compared to 20 years ago. Over time, increases in inflation tend to be offset by increases in wages, since inflation and wages both tend to...

Take stock of your RRSP, annuities, benefits, and whether you want to rely on your home as a source of retirement...

Generally speaking, overspending refers to spending more money than one can afford or more than was planned. Overspending can stem from various factors that may be within or outside of your control. Common causes of overspending within one's control include underestimating expenses, mismanaging...

You worry about your family's physical, mental and spiritual health. You take care of yourself and make sure you and your family are healthy, safe and happy. Many people do not realize that you also need to be financially healthy.  Financial wellness is understanding and managing your own money....

Managing money is challenging. In the current economic environment, it has become even more difficult. For people living on a low-income, managing the day-to-day expenses, let alone life changes or emergencies, can be overwhelming.   Prosper Canada has created an online course that you can share...

Use this calculator by the Ontario Securities Commission to estimate your positive or negative monthly cash...

Canada’s tax system has a punitive impact on lower income families with children hoping to earn more money, according to a new report from the C.D. Howe Institute. In “Softening the Bite: The Impact of Benefit Clawbacks on Low-Income Families and How to Reduce It,” authors Alex Laurin and...

A good deal of attention has been paid to the question of what these high rates of inflation in housing and food costs mean for Canadians. Much of the concern has focused on the implications for middle-income Canadians hoping to purchase a home, while squeezing their household budgets. But what do...

The Thriving or Surviving study uncovers the kitchen table issues that confront Canadians daily, revealing how the country is coping with concerns such as debt, savings, emergency funds and financial...

A highlight of some of the findings reported in this briefing: Disposable income declined for most households in the fourth quarter of 2020, with the largest losses for the lowest-income earners (-10.2%). Compensation of employees—of which wages and salaries make up the largest share—was...

The financial resources available to families with young children are an important factor affecting child development, and they can have long-term impacts on socioeconomic outcomes in adulthood. This article summarizes the findings of a new study using Statistic Canada’s data and analyzes the...

This research project aims to identify the relationship between COVID-19 pandemic and poverty in Vancouver, by analyzing how the COVID-19 pandemic has pushed people into poverty and the impact of COVID-19 on people already living in poverty. Several examples of COVID-19 recovery policies and...

Given the scope and the diversity of the reports and studies that examined the impacts of the pandemic on well-being, it can be challenging to absorb and understand all the ways in which quality of life has been affected by COVID-19. The well-being literature offers an approach that may help. This...

Tables on the income and mobility of immigrants by economic region, and a table on asylum claimant economic outcomes, are now available. These tables use data from the Longitudinal Immigration...

The most recent 2018 data from the Longitudinal Immigration Database (IMDB) indicate that immigrant children make a significant contribution to Canadian society and the Canadian economy over time. Although immigrant children (32.2%) are more than twice as likely as non-immigrant children (15.4%)...

Canada ranks consistently as one of the best places to live in the world and one of the wealthiest. When it comes to looking at the financial health of Canadian households, however, we are often forced to rely on incomplete measures, like income alone, or aggregate national statistics that tell...

Over the first three quarters of 2020, disposable income for the lowest-income households increased 36.8%, more than for any other households. At the same time, the youngest households recorded the largest gain in their net worth (+9.8%). These changes were driven by unprecedented increases in...

Low income measure (LIM) thresholds by household size for market income, total income and after-tax income, in current and constant dollars,...

In this paper, administrative Canadian tax data are exploited to compute measures of intergenerational income mobility at the national, provincial and territorial levels. This work provides detailed descriptive evidence on trends in social mobility. Five cohorts of Canadians, born between 1963 and...

Prosperity Now has created state-level Cost-of-Living profiles as new features on their Scorecard website. The Prosperity Now Cost of Living profiles provide a comprehensive look at the financial stability of every person living in the United States. Each state profile can be downloaded and used to...

The COVID-19 pandemic has affected many aspects of Canadian immigration, including reduced permanent resident admissions and lower labour market outcomes. This article presents the latest economic and mobility outcomes of immigrants admitted to Canada using data from the 2019 Longitudinal...

Statistics Canada's Longitudinal Immigration Database (IMDB) Interactive Application has been updated to include data on citizenship intake rates and income by birth area, sex, pre-admission experience and admission category. This table includes income measures up to 2018 for immigrants admitted to...

This study of data from the Distributions of Household Economic Accounts compares households' economic well-being from a macro-economic accounts perspective, as measured by net saving and net worth for each generation when the major income earner for a household in one generation reached the same...