Back to learn
Living paycheque to paycheque? How Canadians get by
Rounding it up
47% of Candadians live paycheque to paycheque, many of whom resort to overdraft protection or some type of loan to get by.
Access to loans, however, is rife with inequalities. If you earn middle to high income and have good credit, you’ll be approved for decent lending products like lines of credit.
If you earn low income or have bad credit, you’re often stuck with predatory payday lending.
A better alternative? Seek lending from a credit union (they tend to be more community-driven) or use KOHO’s Early Payroll feature.
Recent Articles
Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases
Do I need renter's insurance in Canada?
How much should Canadians save for retirement?
What is value added tax? Is there VAT in Canada?
Is it more expensive to live in Canada or the US?
Should I keep accounts at multiple banks?
Related articles
What are the pros and cons of earned wage access?
5 mins
Ryan SeveranceLooking to hire more employees? Here’s how Earned Wage Access can help you attract the best talent for your business.
What are the pros and cons of earned wage access?
5 mins
Ryan Severance
Looking to hire more employees? Here’s how Earned Wage Access can help you attract the best talent for your business.
#earned wage access
#EWA
#instant pay
#early payroll
#payroll
Who qualifies for earned wage access?
5 mins
Dan BuchererLots of folks qualify for Earned Wage Access but it’s easier for some than others. Gauge where you land on this scale.
Who qualifies for earned wage access?
5 mins
Dan Bucherer
Lots of folks qualify for Earned Wage Access but it’s easier for some than others. Gauge where you land on this scale.
#earned wage access
#EWA
#instant pay
#early payroll
#payroll
How does earned wage access work in Canada?
6 mins
Ben BejsterNothing helps restore financial well-being than flexible paydays. Is Earned Wage Access the answer?
How does earned wage access work in Canada?
6 mins
Ben Bejster
Nothing helps restore financial well-being than flexible paydays. Is Earned Wage Access the answer?
#earned wage access
#EWA
#instant pay
#early payroll
#payroll
What are the benefits of earned wage access?
6 mins
Ryan SeveranceReady to bring your company to the next level? Here’s how earned wage access can supercharge your workforce.
What are the benefits of earned wage access?
6 mins
Ryan Severance
Ready to bring your company to the next level? Here’s how earned wage access can supercharge your workforce.
#earned wage access
#EWA
#instant pay
#early payroll
#payroll
What is earned wage access?
7 mins
Cedric JacksonEarned wage access (EWA) is a payroll benefit that challenges the traditional two-week pay cycle—and it has finally landed in Canada.
What is earned wage access?
7 mins
Cedric Jackson
Earned wage access (EWA) is a payroll benefit that challenges the traditional two-week pay cycle—and it has finally landed in Canada.
#earned wage access
#EWA
#instant pay
#early payroll
#payroll
Earned wage access: Separating fact from fiction
6 mins
Jennifer WekslerFinally getting back on your feet but need some help through early access to your own wages? Learn how earned wage access can help.
Earned wage access: Separating fact from fiction
6 mins
Jennifer Weksler
Finally getting back on your feet but need some help through early access to your own wages? Learn how earned wage access can help.
#earned wage access
#EWA
#early payroll
#payroll