Self-employed Canadians resorting to credit or savings to make ends meet

Financial Post · Celine Mousleh · 2026-11-05 21:31 UTC

Over half of self-employed Canadians are using credit to cover expenses, and 45 per cent have had to dip into their savings cover costs

More than half of self-employed Canadians are using credit to cover their everyday expenses and 45 per cent have had to dip into their savings to cover costs, according to a new report.

The Alberta-based counselling agency Money Mentors released the findings this week, based on a survey of self-employed and gig-economy workers as well as those with side hustles or other paid work.

The report said that 51 per cent of self-employed Canadians fell short on their expenses at least once in the past year, and 23 per cent face an income shortfall most months or every month.

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