May 8, 2016 – Anna Mehler Paperny, Global News
Canadians have less income mobility than they’ve had in decades as fewer people move up the income ladder — and even fewer move down.
Jaimi Zammit left North Vancouver to escape unreachable rents but they followed her — north along the Sea-to-Sky highway to Squamish, where she and her family found themselves renting a $2,000-a-month house on an income of $2,000 a month.
The federal Conservatives have indicated they’re going to double the amount Canadians can invest in tax-free savings accounts each year, from $5,500 to $11,000.
“Canadians know that we stick to our commitments,” Finance Minister Joe Oliversaid in a letter to Tory MPs Tuesday, apparently referring to a pledge in the last election to double the limit once the budget was balanced. “I will present a balanced budget that will make life more affordable for Canadians.”
Feb. 11, 2015 – Anna Mehler Paperny and Patrick Cain, Global News
Jillane Mignon just needed cash to pay for day care.
Her job with the City of Winnipeg’s 311 program covered the bills, but not the $1,000 a month it cost to care for her son while she was at work.
“When there are [child care] subsidies, there are no spaces. When there are spaces, there’s no subsidy.”
So it started with a small loan from a payday lender. That took care of that month.
Feb. 9, 2015 – Anna Mehler Paperny, Global News
Canada supposedly got off easy after the global recession. But a months-long Global News investigation has found the reality for many Canadians isn’t nearly as rosy as the headline figures suggest. Increasingly, families across the country find themselves in an instability trap, facing labour uncertainty and an eroded safety net. The social and economic implications are real — and serious.
ANNA MEHLER PAPERNY AND TAVIA GRANT
Friday, May 06, 2011 – Globe and Mail
Behind corridors lined with contemporary Canadian art, sitting at a dark wooden table in his downtown Toronto office, Ed Clark offers some economic advice that might not typically come from Bay Street.
Give the poor a tax break.
“I say, ‘Why don’t you cut the taxes of the most overtaxed people?’ It isn’t Ed Clark,” the Toronto-Dominion Bank CEO said in an interview earlier this year. “It’s the people at the low end, because they face the highest marginal tax rates.”
Tuesday, December 21, 2010 – Globe and Mail
ANNA MEHLER PAPERNY
Growing up the northwest end of Toronto, Irma Baldanza aspired to live in a place like Lawrence Park.
“I remember driving through areas like Forest Hill and Lawrence Park, where my Dad would point out and say, ‘Look at these beautiful houses,’ that sort of thing,” she said. “Once I got married and we started thinking about owning a home, this is one of the areas we looked at.”
The couple started out with a relatively affordable house on Yonge Street and Blythwood Road in the mid-1980s, moving in 1990 to a red-brick Georgian house they could add on to over the next several years, accommodating a growing family. In the past two decades, Ms. Baldanza has seen the treed neighbourhood become increasingly attractive for wealthy families – and, more recently, developers and investors – drawn to the larger lots and green spaces.
In a city where property is increasingly at a premium, the rarity of a neighbourhood of large lots just blocks away from a major transit artery makes for dramatically increasing property values. It helps to have good schools – both public and private – and engaged residents eager to pitch in for fundraising and beautifying initiatives.