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Canadian families haven't seen a rise in after-tax income in three years.
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- The cost of just about everything continues to rise but Canadian families aren’t making more. Statistics Canada says median, after-tax income for families of two or more people amounted to $65,500 in 2010, virtually unchanged for a third straight year.
- Cottage sales are rebounding across the country, according to Re/Max. Lower prices and increased selection helped drive recreational property sales in 70% of the 33 markets it surveyed.
- Forget Instagram, instacash is the next big thing. Ontario’s Global Payments has designed an app already in use in the U.S. that allows users to snap a photo of a cheque and email to their bank for direct deposit. The app will soon be available here too.
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