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Is Your Debt-to-Income Ratio Healthy? What Canada's Record Household Debt Means for You

  Introduction Canadians are carrying more debt than ever before. According to the latest data, the ratio of household credit market debt to disposable income climbed to 177.2% in Q4 — meaning that for every dollar Canadians take home after tax, they collectively owe $1.77 in debt. That number has been trending higher for years, and it's not slowing down. But what does that mean for you , personally? And more importantly — is your own debt-to-income ratio in healthy territory? Let's break it down. What Is a Debt-to-Income Ratio? Your debt-to-income ratio (DTI) is one of the most important numbers in your financial life, yet most Canadians have never calculated it. It measures how much of your income is going toward debt — and it comes in two flavours: Monthly DTI: Your total monthly debt payments divided by your gross monthly income. Total DTI: Your total outstanding debt divided by your annual income (or disposable income). Example: If you earn $6,000/month gr...
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Healthy Kids Recipes: Weeknight Turkey Tortilla Soup


Weeknight Turkey Tortilla Soup

Ingredients

  • 1 tablespoon olive oil
  • 1 large onion, chopped
  • 1 garlic clove, minced
  • 6 cups reduced-sodium chicken broth
  • 1 can (15 ounces) diced tomatoes, undrained
  • 1 can (4 ounces) chopped green chiles
  • 1 envelope reduced-sodium taco seasoning
  • 2 cups cubed cooked turkey
  • 2 cups frozen corn (about 10 ounces), thawed
  • 1/3 cup minced fresh cilantro
  • Optional toppings: tortilla strips, shredded Monterey Jack cheese, sliced avocado and lime wedges


Directions

  • In a Dutch oven, heat oil over medium-high heat. Add onion; cook and stir until tender, 1-2 minutes. Add garlic; cook 1 minute longer. Add broth, tomatoes, chiles and taco seasoning; bring to a boil. Reduce heat; simmer 5 minutes. Add turkey and corn; heat through. Stir in cilantro before serving. Serve with toppings of your choice.

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