Our guide to help you survive these tough economic times. Many of us in fact, most of us will go through, or are going through, tough economic times. Maybe these strategies from others who have or currently are will be of help. As expected, the highest number of strategies for thriving in tough economic times
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Finance
Cash-Strapped News Sector Needs Online News Act
on March 17th, 2023
A healthy democracy depends on well-informed citizens, and well-informed citizens depend on a free and independent press. Our news consumption habits have forever changed. Gone are the days of the broadsheet setting the agenda for public debate. Today, the news reaches us via a small number of digital platforms. Their business model is to capture
Bank of Canada’s Interest Rate Strategy is Failing Canadians
on February 8th, 2023
Bottom line: Overall, The data shows that interest rate hikes are now increasing inflation, not decreasing it The data shows that interest rate hikes are now increasing inflation, not decreasing it After nearly a year of interest rate hikes designed to fight inflation, rents in Canada are going up, and food costs remain stubbornly high.
Don’t Trust the Canada Revenue Agency to file your Taxes
on January 29th, 2023
Tax collectors’ objective is to maximize revenue; yours is to maximize deductions Nobody likes filing tax returns. Tracking down pay slips, filing away proofs for every deduction and filling out forms is very few people’s idea of a fun way to spend their time. Even worse is having to do it twice, if you happen
More Needs to be Done to Contain Governor General’s Extravagance
on January 19th, 2023
Taxpayers aren’t unlimited pools of cash In a rare show of unity, members of Parliament from all parties are angrily demanding answers about sky-high expenses racked up by Governor General Mary Simon and her team. Curiously, Rideau Hall’s rebuttal is essentially that the expenses are “not very extravagant.” [Emphasis added]. MPs haven’t bought that line since the
Reality Check: CEO Pay is out of Control in Canada
on January 12th, 2023
The CEO-to-worker pay gap is now 243 times more than the average worker’s pay You could call it the breakfast of champions: by 9:43 a.m. on January 3, the average best-paid 100 Canadian CEOs already made $58,800 – that’s what the average Canadian worker will toil to earn in an entire year. High-rolling CEOs’ pay
Trudeau Bingeing on Alcohol Tax Hikes in 2023
on January 9th, 2023
Uses inflation to covertly increase its tax take every year on April 1 With sky-high inflation, climbing interest rates and carbon tax hikes, you could be forgiven for drinking. But Prime Minister Justin Trudeau is rubbing margarita salt in the wound by using high inflation to binge on higher alcohol taxes. In 2023, the Trudeau
Announcing Corporate Bonuses Requires Tact and Empathy
on January 4th, 2023
Something grocers often fail to exhibit With a new year starting, we hear announcements about bonuses in food retailing. Metro recently announced that it offered five top senior executives $3.7 million in bonuses. This represents a four per cent increase in bonus payouts over the previous year, while Metro sales grew 3.3 per cent over
CERB Repayment Fiasco Risks Ruining a Modern Approach to Federal Transfers
on December 19th, 2022
Getting benefits directly and immediately from the CRA website is the way of the future When COVID-19 hit in 2020, the federal government responded by doing something it hadn’t done at scale in a long time – deliver cash transfers in entirely new ways. As the feds doled out relief funds, more government support went
Just Transition Comes with Big Costs
Trudeau government just shrugs when asked what “significant labour market disruptions” actually means Ottawa seems to have only one message about its Just Transition policy: “trust me.” How many people’s jobs are on the line? How much will it cost? Are the numbers bubbling up accurate? Those are big questions that matter a lot to