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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.

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.

The Financial Empowerment and Problem Solving (FEPS) program provides much needed money management support to people living on low incomes. 

Dr. Gary Bloch, a family physician at St. Michael’s Hospital in Toronto, has spent years treating patients living on a low income for many illnesses he believes are linked to poverty. In fact, studies have shown that Canadians living in poverty are more likely to suffer from illnesses such as cardiovascular disease, diabetes, mental illness, cancer and other chronic conditions than the typical Canadian.