With sky-rocketing housing costs and inflation at a 30-year high, millions of Canadians find themselves scraping by between pay periods.
After rent or mortgage payments are made, groceries and transit passes are bought and other bills triaged based on what’s due next, many of us get by on fumes — or credit — until the next payday rolls around.
The most recent survey from the Canadian Payroll Association found that 36 per cent of respondents said they live paycheque to paycheque.
But proponents of a new approach to payroll called “early wage access” say time’s up for the traditional model of getting
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