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RRSPs, Valentines, 50 Shades of Debt and #BestOfThisWeek

RRSP season is still ongoing with 16 days remaining to contribute to an RRSP account. Valentine’s Day weekend is a reminder to love without bankrupting oneself, despite pressure from the diamond industry. In light of the release of 50 Shades of Grey, the writer muses that sex toy sales could experience a significant boost. He commemorates his 2,700th post and shares his writings for the week. These include topics on Canadian part-time jobs, retirement, the concept of money being equivalent to love, and transitioning plans for a business.

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Going to the Gym to Work on my Retirement

Big Cajun Man emphasizes the importance of considering one’s health parallel to finances while planning for retirement. Regardless of the ease of pension planning for civil servants, if one is unfit or deceased, all the financial preparation is meaningless. He emphasizes regular exercising, in his case going to the gym, to sustain healthy knees and heart in elder years. He also implicitly discourages smoking by correlating it with his father’s immobilized retirement conditions and urges smokers to redirect their smoking expenses towards retirement and start exercising.

Stats Canada

More Part Time Jobs in Canada in January

According to Statistics Canada, the country’s employment saw an increase of 35,000 jobs, predominantly part-time, causing concerns over worker benefits and job security. Over the past 12 months, employment rose by 0.7% with majority of the growth happening in the second half. In January, part-time employment spiked by 47,000 while full-time saw no significant changes. This trend of rising employment, driven mainly by part-time roles, has been prevalent for the last five years. The growth was largely attributed to women aged 55 and over, suggesting older employees are increasingly filling part-time job vacancies.

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