Gender wage gap narrows
Women earn $4.13 less per hour, says StatsCan A new report by Statistics Canada says that in 2018 women in their core working years earned 13.3 per cent less per hour than men, marking a 5.5 percentage point improvement over the past 20 years. The report says in 2018 female employees between the ages of […]
Reconciliation, climate action, daylight time: Welcome to the fall session
Party leaders lay out their priorities ahead of the next sitting of the B.C. Legislature Provincial politicians will descend on the B.C. Legislature for the start of the fall session Monday. CBC spoke with each of the three party leaders to find out what their priorities will be. Here’s a glimpse of where they’ll be focusing […]
Know this before you open a 529 plan for college savings
Individual states do determine whether contributions are tax deductible, she said. Mott said initially, these accounts were created to encourage saving for college, but in 2017 the distribution rules were amended to cover secondary public, private and religious schools for beneficiaries in kindergarten through 12th grade. However, there is an annual limit of $10,000 that […]
Take these 3 steps to start saving now, CFPB director Kathy Kraninger says
Emergencies occur. So, it makes sense to start putting money aside. Yet many Americans aren’t. In fact, 28% of Americans have no emergency savings, a July survey from personal financial website Bankrate.com found. “Financial emergencies will happen, it’s only a matter of when,” said Kathy Kraninger, director of the Consumer Financial Protection Bureau. To help […]
Money expert Dave Ramsey tells students: Skip the ‘dream’ college and go to school where you can afford
About 40% of students say that when it comes to picking which college they will attend, the most determining factor is the “overall fit,” according to a recent survey by the Princeton Review. Only about 9% of students cited affordability as the most important element in choosing their school. That’s happening, in part, because parents, […]
4 reasons the corporate pension is on its deathbed
General Electric’s move to significantly lower its pension liabilities is simply the latest in a sweeping corporate pivot away from guaranteed retirement benefits. GE on Monday announced that it would offer lump-sum pension buyouts to about 100,000 former U.S. employees who have not yet begun receiving their pensions. The company, which has been facing pressure […]