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Air Canada Flight Attendants Approve Strike Mandate Amid Contract Dispute

Air Canada Flight Attendants Edge Closer to Strike Action More than 10,000 Air Canada flight attendants have overwhelmingly voted—99.7% in favour—to grant their union a strike mandate, signaling growing frustration over stalled contract negotiations. The vote, conducted by the Air Canada Component of the Canadian Union of Public Employees (CUPE), does not guarantee a strike but empowers the union to call one if necessary. A legal strike could begin as early as August 16, following the expiration of a mandatory cooling-off period. Union president Wesley Lesosky criticized the airline for dragging its feet on key issues, including wages, unpaid hours, and working conditions. CUPE argues that flight attendants are only compensated for time between takeoff and landing, excluding critical duties like safety checks, boarding, and deplaning. Air Canada responded by acknowledging the vote as a standard part of the negotiation process and expressed its commitment to reaching a fair agreemen...
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New Financial Considerations for Canadians in 2024


This year, Canadians have several new financial considerations to keep in mind. Here are four of them:

  • First Home Savings Account (FHSA): Introduced in the 2023 federal budget, FHSAs are a new type of investment account that can be used by any Canadian resident between age 18 and 71 who has not lived in a home owned by them or their spouse or common-law partner in the current year or previous four years. Up to $8,000 of annual contributions can be made to an FHSA, up to a total of $40,000. Contributions are tax deductible and though you report them in the year they are made, the deduction can be carried forward to use in a future higher income tax year. Eligible withdrawals must be made within 15 years of opening an FHSA and are tax free when used for the purchase of an eligible owner-occupied home.

  • High-Interest Debt: High-interest debt can be a significant burden on your finances. If you have high-interest debt, consider consolidating it into a lower-interest loan or line of credit. This can help you save money on interest charges and pay off your debt faster.

  • New Tax Filing Obligation: Starting in 2024, Canadians who hold foreign assets with a total cost of more than $100,000 will be required to file a new form with their tax return. This form is called the T1135 and is designed to help the Canada Revenue Agency (CRA) identify taxpayers who may be hiding assets offshore.

  • Registered Retirement Savings Plans (RRSPs): RRSPs are a popular way to save for retirement in Canada. If you haven’t already, consider making a contribution to your RRSP before the deadline on March 1, 2024. This can help you reduce your taxable income and save for your future.


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