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As the baby boomer generation heads into retirement many of them are finding themselves financially unprepared. As a result, many Canadians, including those living on low incomes, are turning to financial coaching programs to help them to achieve financial stability in retirement.

Growing income volatility is causing tough financial challenges and mounting stress for millions of Canadians, according to a new report by TD Bank Group. TD’s research found that unpredictable and variable income is associated with lower overall financial health for those affected, as well as lower financial confidence and increased financial stress.

According to the 2015 Annual Report to Parliament on Immigration, Canada is home to approximately 6.8 million immigrants and a diverse population comprising over 200 ethno-cultural groups. 

As tax time approaches, many of us may feel like shrinking from the task of tax filing, especially with the prospect that we may end up owing, rather than pocketing, money at the end of the process.

How can I save when I don’t have money? This is a question we often hear in our financial coaching work, and for good reason.