1.2 Income

In this section:

• 1.2.1 Understanding your pay stub
• 1.2.2 Provincial and territorial deductions
• 1.2.3 Sources of income
• 1.2.4 Replacing lost income
• 1.2.5 Summary of key messages

Introduction

Everyone needs some type of income, whether it comes from a paycheque, an inheritance or investments. You need to know how to keep track of your income and manage it to cover your expenses and save for future goals.

In this section you will learn:

• how to understand your paycheque
• how to calculate your total income from all sources
• what to do if your income drops unexpectedly.