Life’s tougher for working Canadians
almost half of workers are living paycheque to paycheque, says a survey by the Canadian payroll association (Cpa). It found 47% of working Canadians would find it difficult to meet financial obligations if their paycheque was delayed by a single week. about 41% of employees spend all of or more than their net pay, largely because of higher living costs, and 42% save 5% or less of their earnings — well below the 10% savings level generally recommended by financial planning experts. “these results underscore the need for spending less and saving more every day for emergencies and for retirement,” says Janice macLellan, Cpa’s vice-president of operations.
Great places to work
Looking for a great place to work? the Great place to Work Institute Canada’s 2017 list of the 20 best Workplaces in Canada for millennials might be a good place to start. the best Workplaces are 360insights, AppCentrica, ATB Financial, Autodesk, Axonify, Beyond Technologies, FreshBooks, G Adventures, Geotab, Intuit, Key Assets Canada, Maxus Canada, Mercedes-Benz Financial Services, Microdea, Publicis. Sapient, SAP, Traction, Vega, Wave Accounting and Yum! Brands, Inc. among other things, at least 30% of an organization’s employees must be born after 1980 to be eligible for the list.
New student work placements
the federal government will help create 60,000 student work placements over the next five years, giving post-secondary students the chance to learn in a hands-on work environment. It will invest $73 million in the Student Work-Integrated Learning program to create 10,000 paid placements over the next four years. budget 2017 also announced $221 million in funding over five years for mitacs, a not-for-profit organization that provides research internships, with a goal of creating 10,000 work placements per year.