Are You Richer Than the Average Canadian?

📰 Highlights

🥸 A high speed rail line has finally been announced! It will run between Toronto and Quebec City and will take $3.9B and 5 years just to design. We’re pretty sure the federals watched our video essay on high speed rails.

🧑‍🔧 Ontario election is up on February 26th. To learn more about who to vote for and how to vote check out Ontario Elections and watch the leader’s debate.

💰️ Trump is not backing down on imposing Tariffs on Canada. His latest claims include tariffs on semiconductors, cars, sugar and medicine. Perfect time to save money and shop local! Want to know which products are Canadian? There’s an app for that!

🛬 Everything that is currently known about the Toronto Pearson Plane Crash

🇨🇦 Immigration updates:

• Canadian government is encouraging Canadian youth to study abroad, specifically in partner countries - Belgium, Finland, Italy, South Korea and New Zealand

• Stricter rules for temporary residents are coming into effect. Your visa may be cancelled

• IRCC issued 6,500 Express Entry invites with French language requirement. Minimal CRS score approved - 428. That’s nearly 100 points lower than recent Canadian Experience Class invites and 250 point lower than recent PNP’s

🥳How much an average Canadian makes

WealthSimple conducted research of over 2,500 Canadians, and here’s what they’ve found out:

• An average Canadian earns $56,832 a year before taxes

  • this stands in line with Statistics Canada surveys, but is still very low compared to the country’s average rent and cost of living.

  • Pro Tip: gain an edge, learn new skills, and transition to in-demand high paying professions

• If you’re making over $100,00k per year, congratulations, you’re in top 10% of earners in the country

  • Check out a list of future-proof professions that pay 6 digits

• An average Canadian thinks they’d need $1.3 million in savings to feel comfortable in retirement

  • Pro tip: To retire with $1.3 million by age 65, assuming a 7% annual return, you need to:

    • Save & invest approximately $9,404 per year or about $784 per month

• More than half of Canadians surveyed across age groups did not yet have $25,000 saved for retirement

  • Pro tip: start saving with as little as $5 a day or $20 per week

• More than 80% of Canadians polled have a Tax-Free Savings Account, and 62% have a Registered Retirement Savings Plan

  • Pro Tip: here’s how RRSP and TFSA’s work

🍰 Timbits

☕️ Microsoft thinks AI is making us dumber

📕 A book that will help you negotiate a better salary and get what you want

😫 How to survive your first winter in Canada

🏙️ Canadian photos of the year according to Canadian Geographic magazine

💵 Highest paying remote jobs of 2025

🍰 Indie music festival in Toronto

The Wavelength Music Festival is an annual event in Toronto, Ontario, dedicated to showcasing independent music across diverse genres.

🍰 Startup networking alert

Tech, finance and AI networking event in Ottawa

💼 Jobs Highlights

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📌Coral, a Montreal-based female health tech company is looking for nurses, health coaches and developers

📌 Roofr, a CRM provider for construction tech, is hiring for several development, sales and finance roles in Canada remote

📌 Tri-March Group, a Canadian logistics and manufacturing company for food processing, is hiring technician-operators, project coordinators and apprentices

📌 Lightspeed, world leading Canadian POS system provider, has 30+ roles open in Sales, Customer Support, Marketing and Technology

📌 Ssense, a Canadian fashion retail company, has 20+ roles open in Store operations, inventory management, as well as creative fashion roles

📌 Aviso Wealth, a Canadian wealth management company, has 30+ roles open in Database Administration, IT, Administrative assistant and technology