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Apr 4 • 6 tweets • 4 min read
This Toronto teen saw his parents struggling financially during pandemic. Relying on dad's single income (under $40,000) Karan Agrawal put university on hold to help his family.

Now, he makes $83,000. Can he buy his parents a home? #MillennialMoney thestar.com/business/perso…
The family rents a spot in Scarborough for $1,200/month. Since leaving school, the 19-year-old is paying almost half the rent. How did he find a job without a degree? Interning at a major bank and picking up a freelance gig in finance.
thestar.com/business/perso…
Now, aggressively saving money and spending as little as possible, Agrawal is saving for his next major goal: buying a place for his parents.

“It’s always been their dream to have a place of their own in Canada,” he said.
thestar.com/business/perso…
While he's happy about the money he's making now, he knows to advance in finance he'll need a degree. Also, the bank he's working for has promised to keep him part-time, making $63,000 with the caveat he return to school.

A look at his monthly expenses:
thestar.com/business/perso… Image
“The pandemic has taught me one special lesson that I largely believe is the reason for my current financial and professional success... to prioritize the happiness of the people you care about regularly as life in actuality is very short and unexpected.”

thestar.com/business/perso…
So, should he continue working contract jobs to meet his goal of buying a house for his parents sooner, or work part-time, making less, while he finishes his degree?

@EVYSTADIUM with this week's #MillennialMoney
thestar.com/business/perso… Image

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More from @TorontoStar

Toronto Star Profile picture
Apr 6
Starting Thursday, fourth doses will be available for Ontarians over 60. But do you really need a shot?

Here’s what the federal advisory committee says:
thestar.com/news/canada/20…
Vaccinated people are still far less likely to get seriously ill should they get sick, research shows. But data from around the world also shows that the vaccines’ protection against infection decreases over time — a phenomenon not unusual for vaccines. thestar.com/news/canada/20…
“We know that vaccination provides excellent protection against illness,” Dr. Tara Kiran, a family doctor at St. Michael’s Hospital.

“There’s no question it lowers your risk and it lowers the risk of you spreading it to other people." thestar.com/news/canada/20…
Read 6 tweets
Toronto Star Profile picture
Apr 6
Ontarians 60 and up eligible for 4th COVID-19 vaccine beginning Thursday.
thestar.com/politics/provi…
Who is eligible for a fourth shot on Thursday?

Those 60 and up, First Nations, Metis and Inuit over 18, along with members of their households.

thestar.com/politics/provi…
The move comes as hospitalizations for the rapidly spreading virus rose above 1,000 for the first time in weeks on Tuesday as a sixth wave of the pandemic takes deeper hold following an end to most pandemic restrictions in March.

thestar.com/politics/provi…
Read 5 tweets
Toronto Star Profile picture
Apr 6
From a bank CEO to grocery store workers, everyone, it seems, is getting hit by COVID-19 as the sixth wave sweeps across the GTA. With cases skyrocketing again, businesses are grappling to manage a surge in employee absences.

thestar.com/business/2022/…
On April 5, Bank of Nova Scotia CEO Brian Porter missed the annual shareholder meeting after contracting COVID-19.

At another financial institution, Elke Rubach, president of Rubach Wealth — switched back to remote meetings.
thestar.com/business/2022/…
Summerhill Market, an independent grocer with multiple Toronto locations, has seen an increase in employees calling in sick in the last two to three weeks.

“There’s always about 5-10% of employees who are sick at a given time."
thestar.com/business/2022/…
Read 6 tweets
Toronto Star Profile picture
Apr 6
It's that time of year again, tax season.

But before you rush to finish your tax returns, if you've been working from home, or saw income loss, you could claim more.

An expert's guide on how to cash in on work from home expenses.

@IvyMak_:
thestar.com/business/perso…
Can I claim work from home expenses?

Anyone who worked from home during the pandemic can claim up to $500 per person. If your home expenses cost more, there are options, including expensing transportation, entertainment/meals, utilities and more. thestar.com/business/perso…
What if my income fell this year?

If your income fell below $22,944 annually, you may be eligible to get $1,395 back on your tax return. Here's how: thestar.com/business/perso…
Read 6 tweets
Toronto Star Profile picture
Apr 6
After two years, high school teacher Laura Kirby-McIntosh was excited to return to the classroom for the first time since the start of the pandemic.

It lasted five days.

She — and her husband, who’s on dialysis — tested positive for COVID last weekend.
thestar.com/news/gta/2022/…
“I feel like I’ve been hit by a truck,” said Kirby-McIntosh, who believes she contracted the virus at school and transmitted it to her husband and teenager.

“What’s so frustrating is that we’ve done everything that we were told to do."

thestar.com/news/gta/2022/…
As COVID continues to spread, schools are being impacted, but to what extent remains unclear. Still, some school boards, including Toronto’s public board, recently updated its notification process to provide more information about cases.

thestar.com/news/gta/2022/…
Read 6 tweets
Toronto Star Profile picture
Apr 5
Do we really need a fourth COVID shot?

The federal advisory committee said Tuesday that Canada should get ready to rapidly deploy fourth doses as protection continues to wane, particularly for those 80 and older.
thestar.com/news/canada/20…
The recommendations for a fourth dose are coming now because generally speaking, the virus is continuing to circulate, and the contagious Omicron subvariant, BA. 2 is now dominant. Meanwhile, public health measures like masking are dropping across Canada.
thestar.com/news/canada/20…
Data from around the world has shown that the vaccines’ protection against infection decreases over time — a phenomenon that is not unusual for vaccines, but which has made people particularly vulnerable to these new, more easily spreading variants.
thestar.com/news/canada/20…
Read 6 tweets

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