Answers to

Practical Questions

Fortunate Ones

Workopolis says the average salary in Canada is $51,000 per year, but if you happen to be in Finance and Insurance, Scientific and Technical Services, or are doing well as a Project Manager, Business Analyst, Registered Nurse or in Sales, typical salaries can be $70,000 or more per year.

At $70,000 per year, in order to achieve the same $1M at age 65, the $5,050 required to be saved and invested equates to only 7.2% of salary.

Are you ready to take the Ready to Invest Quiz?

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