All items tagged with: statistics canada

Shopping Spoiler Alert: Canadians Aren’t Saving Enough

Posted: December 04, 2018 By : Evelyn Jacks & Beth Graddon
Posted in: Strategic Thinking, Current Issue , Debt Management, statistics canada, interest rates, Bank of canada, retirement savings, Steven Poloz, household savings rate, disposable income, Financial Planning Standards

In the holiday spirit yet? This news might dampen it: on Friday November 30, Statistics Canada released a report on GDP, income and expenditure for the third quarter of 2018. The big news? In 2018, Canadians have had the worst household savings rate on an annual basis since 2005, averaging only 1.4% over the past year. For the third quarter of this year, the household savings rate was a mere 0.8%; the lowest quarterly level since early in 2017.

Homes and Private Pensions Help Canadians Increase Net Worth

Posted: December 13, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Debt Management, Debt, knowledge bureau, statistics canada, Evelyn Jacks, retirement planning, retirement savings, Canadian economy, principal residence, wealth management, survey of financial security, net worth, assets, home purchases, mortgage stress test, savings tips

Canadians who focus on building their asset base will quickly grow their personal and family net worth – that’s the difference between the value of assets and the debt attached to them. Based on the December 7 release of the Survey of Financial Security for 2016, median net worth was up almost 15 percent to $295,100 over 2012 figures. The principal residence was the largest asset, followed by private pensions. But will this trend continue?

Retirement Planning: Make Sure Your Advice Keeps Up with Your Clients

Posted: December 05, 2017 By : Doug Nelson
Posted in: Strategic Thinking , Debt Management, Financial Literacy, Financial Advisor, investments, knowledge bureau, statistics canada, Evelyn Jacks, rrsp, tax courses, retirement planning courses, tax advisor, retirement income, wealth management, doug nelson, financial education, Baby Boomers, year-end planning, retirement plan

According to recent census data from Statistics Canada, the baby boomers continue to live life on their own terms, especially as they approach and surpass the traditional retirement age, but they are working longer, supporting adult children and often they are also in debt. The provides opportunities for interaction with retirement specialists.

Post-Secondary Education Offers a Brighter Future for Young Adults

Posted: November 28, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , knowledge bureau, statistics canada, Evelyn Jacks, tax courses, financial education, post-secondary education, continuing education, Insights on Canadian Society, employment statistics, education statistics, high school education, employment rate, Diploma programs, entry-level careers, job hunting, employment opportunities, career development

Sadly, the gap between the least and most educated in our society is growing. In 2016 young males without a high school diploma had an employment rate of 67 percent compared with 89 percent for a university-educated man; the employment rate for women with less than a high school diploma was 41 percent versus 84 percent for those with a university degree.

Build a Business, Eliminate Job Dissatisfaction

Posted: November 28, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , knowledge bureau, statistics canada, Evelyn Jacks, Small Business, tax courses, financial education, professional development, entrepreneur, business development, leadership courses, Executive Business Builder Program, work-life balance, job satisfaction, self-employed Canadians, job opportunities, starting a business, building a business, business courses

Attaining work-life balance and overall job satisfaction seems out of reach for a percentage of Canadians, according to Statistics Canada. Embracing new opportunities for personal and professional development is the key to reaching these goals.

Weather the Tax-Reform Storm of Complexity at the New CE Summits

Posted: October 10, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Debt Management, CRA, capital gains, Financial Advisor, investments, knowledge bureau, Canada Revenue Agency, statistics canada, Evelyn Jacks, tax courses, ce credits, wealth management, tax changes, tax education, finance canada, tax preparer, tax reform, small business tax, CE summits, tax Canada, Distinguished Advisor Workshops, financial courses, Voluntary Disclosures, family tax credits, tax planning courses, tax season, financial conferences, bookkeeper, Toronto, Winnipeg, Calgary, Vancouver

2018 is destined to be a busy season for Canadian tax preparers and financial advisors who will need to be prepared to assist their clients in addressing the many new tax changes. This year’s CE Summits will help you gain a better understanding of the tax changes that have occurred, and those to come for private business owners and their families, and will allow you to hone the technical skills necessary to effectively address them.