A recent survey conducted by the Chartered Professional Accountants of Canada (CPA Canada) indicates that many Canadians are treading water financially after more than two years of pandemic and economic turmoil. 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 […]
survey
Zolo Survey Finds Confidence in Financial Literacy Grows, But More Is Needed
On average, Canadians still can’t get pass a financial literacy test with national average quiz score of 44% In a new survey from Zolo, one of Canada’s largest online real estate markets, almost 1,400 respondents from across the country were tested on their financial knowledge, confidence and skills. Despite a year of health concerns and financial constraints, […]
Millennials and women worrying more about finances due to COVID-19
Nearly 40% of Canadians are worrying more about their finances since COVID-19 began, spending an average of 16 hours a week worrying. Meanwhile, 28% of Canadians say that they do not spend any time worrying about their finances. Millennials age 18-34 (45%) are worrying more about their financial health since the start of the COVID-19 […]
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 […]
70% of Canadians Think They Won’t Save Enough for Retirement
A recent Scotiabank Retirement Survey revealed that while 68% of Canadians are currently saving for retirement, 70% are worried that they are not saving enough. According to the findings, the average Canadian expects to need $697,000 in retirement savings, less than the average amount of $753,000 expected back in 2017. Findings from the 2019 Scotiabank […]