The 30% Rule: Can Canadians Afford Rent, Retirement, and More?

Rising costs for essentials like groceries and childcare and a growing number of Canadians renting their homes have made the once-reliable 30% rule for housing expenses a challenging goal. To add perspective, Fidelity, an Investment Canada firm, emphasizes a financial stability guideline that allocates 50% of income to necessities, 15% to retirement savings, and 5% […]

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