Canada’s labour market: between cycles and structural change

Living with a disability is notoriously expensive. From diagnosis appointments and medical equipment to more hidden costs, like ordering premade food more often or paying more for accessible transit, the disabled life hits you where it hurts—whether that’s with a dose of chronic pain or a shot to your wallet. Nowhere can that be felt more acutely, in many cases, than in the lives of disabled students. To even get to post secondary education is an uphill battle for many disa

Here’s a round-up of news for Canadian investors this week.
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Canada continues to attract skilled immigrants from across the world, but adapting to the new culture isn’t always easy. Most newcomers have to work through a long checklist: get a SIN, open a bank account, find housing, build a credit file. While each step seems straightforward on its own, together it can feel relentless for the first few months.When I arrived from the UK on a two-year visa in 2019, I quickly ran into one of the less obvious hurdles: Canada’s credit system. Despite

A few weeks ago, I found myself looking up the word for debt in my first language—not because I thought it didn’t exist, but I was trying to understand why debt still felt so foreign to me despite living in Canada for seven years.The word was there, but nobody had ever taught it to me.Growing up, I had learned the word for a loan. A loan made sense: you borrowed money for a specific purpose, paid it back, and moved on with your life. Debt felt different, it was ongoing. Persistent. S

As you don your favourite soccer player’s jersey and head to the nearest pub with your friends to watch a World Cup match later this month, you might also be tempted to bet money on the prospects of your team. Sports betting apps bombard us with ads on TV and social media, and make it easier than ever to dive in. And while most people don’t end up addicted to sports betting or gambling, experts say caution is still warranted when delving into the space. “Treat sports betti

Most Canadians assume leaving a tax-free savings account (TFSA) to a spouse is one of the simplest estate-planning decisions they can make. But when that spouse is a U.S. citizen, green card holder, or otherwise subject to U.S. tax filing requirements, inheriting a TFSA can create years of IRS reporting complications that many cross-border advisors try to avoid.In some cases, the surviving U.S. spouse may be better off inheriting the cash value of the TFSA rather than the account itself. The rea

When a business hits $30,000 of revenue in four consecutive calendar quarters, it must register to collect goods and services tax (GST). Voluntary registration is also available before passing this threshold. This applies to sole proprietors and corporations.A registrant tracks GST collected and GST paid on expenses (called input tax credits or ITCs). This can be onerous, especially for a smaller sole proprietor. The GST quick method is a simplified reporting option for small businesses reg

Ask a Planner
I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I be doing this? I am a 69-year-old widow, living in Ontario with $840,000 in RRIFs, and 136,000 in a TFSA. I have one daughter and I am a conservative investor spending about $60,000 a year.—Pam
Hi P

A recent regulatory decision in Canada has opened the door for investing platforms to offer prediction markets; this would allow everyday investors to essentially bet on whether the Bank of Canada will cut rates next quarter, or if 2026 will be the warmest year on record.It’s a big deviation from the fundamentals that build wealth: understanding company performance, evaluating management quality, and analyzing dividends. Instead, prediction markets encourage investors to put it all on red.