12 Jan
Posted by Brian Anderson as Corporate Finance
As the date of ‘Blue Monday’ is calculated, we offer you some simple steps you can take to lessen the blues.
The January blues have suddenly become a lot more specific, being at their most vivid on 16th January according to a formula used to calculate the most depressing day of the year. This takes into account the weather, the distance from Christmas, the level of individual debt and failure of New Year’s resolutions; ‘Blue Monday’ is decided.
The outlook becomes even worse when you think about the large gap between most people’s December and January payday, combined with the delivery of active credit card users’ January statements.
The current economic climate means that Blue Monday is going to affect more demographics than ever before youth unemployment over a million, house repossessions forecast to rise again, to name but a few bleak statistics- it could feel that these January pressures are reaching their peak.
The outlook isn’t all doom and gloom though and there are steps you can take to put you on the right track.
Set an
01 Jan
Posted by Allison Thomas as Finance Help
As indicators stack up showing the gap between Canada’s rich and poor continues to widen, the Conference Board of Canada is calling for a renewed look at the idea of a guaranteed annual income (GAI).
A concept that is floated from time to time by advocates on both sides of the political spectrum, a GAI would provide a minimum level of income for every individual or family, with dollars earned above the GAI taxed at a relatively low marginal rate.
The idea has been touted by advocates for social justice but one of its best-known champions in North America was Milton Friedman, the free-market economist who saw the negative income tax as a means of reducing the role of government.
In a commentary published Dec. 15