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 […]
Finance
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 […]
Holidays cancelled? Canadians would use the money to save, invest and pay off debt
Canadians across the country think that there are better ways to spend their money than on the holidays, according to the Holiday Spending in Canada, 2019 report by Mylo, the popular Canadian saving and investing app. The report, which surveyed over 3,000 Canadians, found that 60 percent believed that the amount the average Canadian will spend on the holidays […]
Budgeting Made Easy with New Interactive Budget Planner
The Financial Consumer Agency of Canada (FCAC) launched its new Budget Planner tool, which will help Canadians manage their financial goals. This evidence-based tool uses behavioural insights, enabling users to tailor their budget to their needs. FCAC’s Budget Planner offers instant personalized feedback, customizable budget templates, guidelines and reward badges to help Canadians easily prioritize their spending […]