#costofliving

MalayalisNearMe Official

Post

๐Ÿ‘‰As of October 1, Ontario has increased its minimum wage from $16.55 to $17.20 per hour, following similar adjustments in Prince Edward Island, Manitoba, and Saskatchewan. This change reflects incremental increases linked to inflation. Full-time minimum wage workers in Ontario can expect to gross approximately $35,149.92 annually, but after taxes, this amount reduces to around $29,026. With the average monthly cost of living in Toronto estimated at $3,407.84 for a single person, minimum wage earners struggle to meet basic expenses. Many newcomers to Canada find themselves in minimum wage roles while awaiting recognition of their foreign credentials.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #OntarioMinimumWage #CostOfLiving #Newcomers #Inflation #Employment #WageIncrease #TorontoLiving #mnm #malayalisnearmeapp #canadaupdate #canadanews

238 Views

2 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Effective October 1, 2024, Ontarioโ€™s general minimum wage will rise from $16.55 to $17.20 per hour, the second highest in Canada after British Columbiaโ€™s $17.40. This 3.9% increase aligns with the Ontario Consumer Price Index to address inflation. For a full-time worker, this means an annual raise of approximately $1,355. Special minimum wages will also rise: students under 18 working part-time during school or full-time in breaks will see an increase from $15.60 to $16.20 per hour.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #OntarioWageIncrease #MinimumWage #OntarioEconomy #LivingWage #StudentWorkers #OntarioLabor #CostOfLiving #mnm #malayalisnearmeapp #canadaupdate #canadanews

151 Views

5 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Motorists in the Greater Toronto Area (GTA) woke up to a sharp increase in gasoline prices, with a litre now costing approximately $1.79, marking the highest price since August 2022. According to Dan McTeague of GasWizard, three main factors are driving this surge: tensions in the Middle East, an increase in the carbon tax, and the seasonal switch from winter to summer gasoline blends. The transition to the costlier summer blend contributes to the rise in prices each spring due to the chemical differences between the two blends. The sudden spike in gas prices adds to the financial strain faced by consumers amidst a broader cost-of-living crisis, impacting essential expenses like groceries and rent.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #GasPrices #Ontario #CostOfLiving #CarbonTax #FuelBlend #MiddleEastTensions #ConsumerConcerns #GTA #mnm #malayalisnearmeapp #canadaupdate #canadanews

105 Views

7 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰The Manitoba government has announced the extension of its temporary cut to the provincial fuel tax until the end of September, three months beyond the initial plan. This move, eliminating the 14-cent tax on a litre of fuel, was implemented from January 1 and was originally slated to conclude by the end of June. The decision to extend the tax cut follows the recent increase in the federal carbon tax, prompting Manitoba to seek its removal. Premier Wab Kinew emphasized the government's commitment to mitigating rising costs and maintaining competitive fuel prices, with further budgetary adjustments anticipated, including changes to education tax rebates and initiatives supporting electric vehicles.โœ… . ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ๐ข๐ง๐ž ๐‰๐จ๐ฒ ๐“๐š๐ฑ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ @taxesatjoy @augustine.joy_ ๐™Ž๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ ๐™‰๐™š๐™ฌ๐™˜๐™ค๐™ข๐™š๐™ง๐™จ ๐˜ผ๐™จ๐™จ๐™ž๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™๐™–๐™ญ ๐™จ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™Ž๐™ข๐™–๐™ก๐™ก ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐˜ผ๐™ช๐™™๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™–๐™ฉ๐™ž๐™ค๐™ฃ +๐Ÿ ๐Ÿ‘๐ŸŽ๐Ÿ” ๐Ÿ‘๐Ÿ๐Ÿ‘ ๐Ÿ”๐Ÿ—๐Ÿ–๐Ÿ— ๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ@๐ ๐ฆ๐š๐ข๐ฅ.๐œ๐จ๐ฆ ๐ฐ๐ฐ๐ฐ.๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ.๐œ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง: ๐€๐ฅ๐ฅ ๐จ๐ฏ๐ž๐ซ ๐‚๐š๐ง๐š๐๐š ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐๐ฎ๐ž๐›๐ž๐œ . . #ManitobaGovernment #FuelTaxHoliday #CarbonTax #EconomicPolicy #BudgetUpdate #PremierKinew #CostOfLiving #EnvironmentalPolicy #mnm #malayalisnearmeapp #canadaupdate #canadanews

113 Views

8 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰In 2023, nearly 70,000 people departed British Columbia, with the majority relocating to Alberta, as per Statistics Canada. This marks the first time in over a decade that more individuals left B.C. than arrived. The net interprovincial migration was negative, totaling -8,624 people. Many cited the high cost of living as a primary reason for leaving, including Kolten Willick, a fourth-generation British Columbian who moved from Kelowna to Edmonton for affordability reasons. Despite emotional ties to B.C., Willick found better housing and financial prospects in Alberta, a decision he stands by.โœ… . ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ๐ข๐ง๐ž ๐‰๐จ๐ฒ ๐“๐š๐ฑ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ @taxesatjoy @augustine.joy_ ๐™Ž๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ ๐™‰๐™š๐™ฌ๐™˜๐™ค๐™ข๐™š๐™ง๐™จ ๐˜ผ๐™จ๐™จ๐™ž๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™๐™–๐™ญ ๐™จ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™Ž๐™ข๐™–๐™ก๐™ก ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐˜ผ๐™ช๐™™๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™–๐™ฉ๐™ž๐™ค๐™ฃ +๐Ÿ ๐Ÿ‘๐ŸŽ๐Ÿ” ๐Ÿ‘๐Ÿ๐Ÿ‘ ๐Ÿ”๐Ÿ—๐Ÿ–๐Ÿ— ๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ@๐ ๐ฆ๐š๐ข๐ฅ.๐œ๐จ๐ฆ ๐ฐ๐ฐ๐ฐ.๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ.๐œ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง: ๐€๐ฅ๐ฅ ๐จ๐ฏ๐ž๐ซ ๐‚๐š๐ง๐š๐๐š ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐๐ฎ๐ž๐›๐ž๐œ . . #BCExodus #AlbertaMigration #CostOfLiving #InterprovincialMigration #StatisticsCanada #AffordabilityIssues #HousingMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

85 Views

8 months ago

MalayalisNearMe Official

Immigration Post

Canada Updates Study Permit Financial Requirements: Increased Cost-of-Living and Student Direct Stream (SDS) GIC Guidelines

โœ…The Immigration, Refugees and Citizenship Canada (IRCC) has announced updates to financial requirements for study permit applicants, including changes to the Student Direct Stream (SDS) guaranteed investment certificate (GIC) guidelines. Effective January 1, 2024, the cost-of-living financial requirement for study permit applicants will be elevated to better prepare international students for life in Canada. For studying in Quรฉbec, applicants must demonstrate financial capacity covering tuition fees, transportation, and living expenses, with varying amounts based on age and the number of individuals in the application. Settlement fees for the first year are set at $500 Canadian, and applicants must prove the ability to cover health and hospital insurance costs for the entire stay in Quรฉbec for themselves and accompanying family members. . . Source: www.financialexpress.com . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaStudyPermit #IRCCUpdates #SDSGIC #CostOfLiving #InternationalStudents #QuebecStudyRequirements #FinancialGuidelines #mnm #malayalisnearmeapp #canadaupdate #canadanews

111 Views

10 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰A recent poll by The Salvation Army shows that 25% of Canadians, mostly single parents, are very worried about meeting their basic needs because they don't have enough money. Single parents have the most trouble, at 40%. Single-person households and caregivers are next, at 31% each. According to the study, one in five Canadians and almost half of single parents are cutting back on their own meals to make sure their family members have enough to eat. Lt.-Col. John Murray points out that these results match up with data from The Salvation Army, which shows how badly people in the areas where shelters and food banks work need help right away.โœ… . . #CanadianEconomy #IncomeInsecurity #BasicNeeds #CanadianLifestyle #EconomicConcerns #FinancialStress #CostofLiving #mnm #malayalisnearmeapp #canadaupdate #canadanews

151 Views

11 months ago

MalayalisNearMe Official

Immigration Post

Effective January 1, 2024 -IRCC Implements Significant Increase in Cost-of-Living Requirement for Study Permit Applicants.

โœ…Immigration Refugees and Citizenship Canada (IRCC) will double the cost-of-living requirement for study permit applicants to $20,635 starting January 1, 2024. The adjustment aims to reflect the increased cost of living in Canada. The department will annually update the requirement based on Statistics Canada's low-income cut-off. The new guidelines will apply to the Student Direct Stream, expediting processing for residents of 14 countries. IRCC is also extending the 20-hour work cap waiver for international students until April 30, 2024. Post Graduation Work Permit measures include extending online study term eligibility till September 1, 2024, with no further special extensions planned. . . #IRCC #StudyPermit #CostOfLiving #CanadianVisa #InternationalStudents #mnm #malayalisnearmeapp #MalayalisNearMe #ImmigrationUpdate #ImmigrationNews #CanadaImmigration

226 Views

1 year ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Prime Minister Justin Trudeau has announced a series of new measures to address growing concerns over the rising cost of housing and groceries in Canada. These initiatives were revealed following a Liberal caucus meeting in London, Ontario, during which government challenges and declining political support were discussed. Trudeau's plan includes removing the Goods and Services Tax (GST) from the construction of new rental apartments to stimulate development and requiring municipalities to revise exclusionary zoning policies to access housing funds. Additionally, major grocery retailers have been urged to develop short-term plans to stabilize food prices. Trudeau cautioned that if these plans aren't presented by Thanksgiving, the government is prepared to consider further actions, including potential tax measures.โœ… . . #TrudeauAnnouncement #HousingAffordability #GroceryPriceStabilization #CanadianEconomy #GSTRemoval #GovernmentInitiatives #CostOfLiving #mnm #malayalisnearmeapp #canadaupdate #canadanews

201 Views

1 year ago

MalayalisNearMe Official

Post

๐Ÿ‘‰In a reversal of its downward trajectory, Canada's inflation rate experienced an unexpected upswing, reaching an annual rate of 4.4%. Prior to the release of new data by Statistics Canada, economists anticipated a slight easing from the previous month's 4.3% to around 4.1%. However, the inflation rate surpassed expectations by rising once again, driven by higher costs in categories such as gasoline, rent, and mortgages. Notably, this marks the first acceleration in the cost of living since June 2022, when Canada encountered its highest inflation rate in over four decades at 8.1%. โœ… . . #CanadaInflation #UnexpectedUpswing #EconomicData #CostOfLiving #HigherCosts #GasolinePrices #RentIncreases #mnm #malayalisnearmeapp #canadaupdate #canadanews

248 Views

1 year ago

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