News in Brief

Many Canadians living pay to pay, not saving enough: Survey; Average assessment rate in Nova Scotia will not change in 2016, WCB says; WSIB to increase earnings ceiling in 2016, but not premium rates; Unemployment rate rose to 7 per cent in AugustL StatsCan; Average weekly earnings up in June: StatsCan
|Canadian Payroll Reporter|Last Updated: 10/01/2015


Many Canadians living pay to pay, not saving enough: Survey

TORONTO — Many Canadians continue to live pay cheque to pay cheque and are not saving enough for emergencies or retirement, according to a recent survey by the Canadian Payroll Association (CPA).

The survey of close to 3,600 employees from across Canada found that 48 per cent of those polled said they would have difficulty meeting their financial obligations if their pay cheque was delayed by a single week. The CPA says this percentage is close to the average of 47 per cent over the past three years.