Inflation, end to pandemic assistance drove decline in real incomes
Failure to report foreign-source income can result in high penalties
First rise for real incomes since Q1 2021, but results vary across countries
StatsCan research details the disparate impact of rising prices
StatsCan reports that high earners saw incomes decline in 2020, but women fared better than men
Declining income supports, high prices cut into real incomes
Canada was a G7 outlier, as rising wages bolstered household incomes
During economic downturns, the incomes of low earners were particularly hard hit and didn’t recover, research finds
Incomes grew faster than debt in the first quarter
Canada is weakest among the G7 in the fourth quarter, as pandemic supports shrink