Canadian Workers with Disabilities – Avoiding the Debt Trap

handicap-parkingThe world is moving fast – fast because it was only a century ago that most people could not afford a loan or could not imagine borrowing money for anything. If it was an investment, they would save until it was enough or just borrow from family. Well, the most probable reason was because the financial system was not well developed.

In today’s world, almost every other person you know about has a debt. A good number are almost going under because of the many loans they have to repay every other month. Such is the lifestyle that we have come to embrace. Rather than save, the first thing we consider is to borrow.

There are amazing tricks which you can employ in order to avoid falling into the debt trap. As a person living with a disability in Canada, you want to be sure that next month and the following month’s expenses will be catered for comfort. You really don’t want any unpleasant surprises. Not surprisingly, the steps that you can take to prevent yourself from becoming indebted to almost every other financial institution and friends are well known. You only need to live within your means and apply some extra discipline in your lifestyle.

 What to do to avoid falling into the debt trap?

Live within your means – Well, it might be hard to live within your means, especially if you just found a new job and you need to furnish the house or buy a car. Still, as a rule, always live within your means and never borrow money if it is not to do something that will bring back more of it. It is also understandable to take a loan if you are faced with a real emergency.

Avoid Payday loans – These are the loans that you can take if you are broke in the middle of the month. The small loan is supposed to enable you to meet your daily expenses while you await the pay cheque. What most people don’t realize is that, these loans are extremely expensive and whenever you take this route, you drastically reduce your salary. It is not hard to find yourself always borrowing at the middle of the month once you start off with a first payday loan.

Bad credit loans – The best way to get out debt is to stop taking any more debt. It is that simple. You might find yourself in debt and often times you are defaulting. While this is pretty serious and it ultimately affects your credit score, you should not think that the solution lies out there. It is within your power to reduce the debt and get out of the debt trap. Cut on all your unnecessary expenses and where possible, even move to a cheaper house. By taking seemingly small steps, you can rest assured to avoid getting your financials in disarray.

Avoid expensive loans and shady lenders – It is understandable when you say that you need a loan to do something. However, it would be better if you struggle for a few more months than take an expensive loan that will eventually prove unaffordable. Avoid taking loans at the spur of a moment. Take time to draft your expenses and ensure that your balance sheet is healthy. Also avoid approaching or being approached by crooked lenders. If you must take a loan, ensure that it is from a credible lender who is duly registered by the government.

There are many other things that a person can do in order to avoid falling into the debt trap as well as remaining in the same. As can be seen above, self discipline and staying focused is the rule of the thumb.

Workers’ Health and Safety in the Northwest Territories and Nunavut

metal-sawSafety for workers has been at the heart of the Canadian government for the longest time. Every worker is supposed to enjoy working without having to worry about their safety or that of their loved ones. It is for this reason the Northwest Territories and Nunavut government has put in place comprehensive safety measures that are supposed to ensure the safety of every person on each of the many islands that make up the region.

The territory is sparsely populated. For the many safety laws and regulations of the land to be effective, employers, employees and the government agencies have agreed to work together. The key safety regulations specifically say that if an employee witnesses any incidence at their place of work, whether a person was injured or not, to report the same to the safety commission. This is especially so because reaching each island poses logistical transport challenges.

Safety laws are categorized according to the many industries that thrive in most parts of the territories. The headquarters of the Workers’ Safety and Compensation Commission of the Northwest Territories and Nunavut are found at Iqaluit on Baffin Island.

Areas which are covered by the safety laws include;

  • Mining – The mining business should be undertaken under the Mine Health and Safety Act. Whether a business has been in the industry for many years or is new to the trade, close attention should be paid to the Act and because there are several changes that happen to it every so often. The Act covers wide areas such as registration of a business, the area that a firm can cover, renting of land, making of claims and compensation laws.
  • Occupational Health Safety Regulations – This Safety Act covers a wide area. Every industry that you can think of, whether it is one which requires that you work from home or out there in a rig is covered under this Act. The Act takes a wide swipe at all health related matters such as rescue, where to report an accident or incident how and who should carry out first aid and so much more. The government has agents working in close collaboration with employers and the many employees working here.
  • Oil and Gas occupational health safety – The general laws used to regulate this industry get their authority from the Canada Oil and Gas Operations Act. The laws are also drawn from other Acts but it is the prerogative of the WSCC to oversee the safety of each and every worker on the islands. The laws used here cover a wide area including who can be employed, safety at work, how and when to report an incident as well as the compensation of an employee in case of a workplace related injury.

The protection workers are provided

Protecting workers in Northwest Territories and Nunavut entails the government to write down some laws. More than this, the government has strived to help employers and the employees cultivate a culture of giving workplace safety a top priority. This is done through the well written and simplified laws regarding compensation, continuity of employment, standard hours of work, and safety in the workplace and so on.

One of the areas that are well covered is on personal injuries. If you are a resident of Northwest Territories or Nunavut and are a federal employee, you have the right to request an investigation if you are injured. You are also entitled to receive compensation in relation to injuries incurred at the workplace. Moreover, there is a detailed safety and health procedure plan which outlines the responsibilities of an employee and the employer. This helps reduce accidents or safety related incidences.

Every employee is entitled to be compensated for any injury incurred at the place of their work. The employer should take an insurance cover so as to help out in the payments for such incidences. Some of the things that such payments help cater for include auxiliary care, physical disabilities, medical equipment, and clothing. Among the areas that the compensation is designed to include are lost income, medical treatments, prescription drugs, and physiotherapy. Working, in any one of the islands, should not make you disadvantaged especially where your safety and health are concerned. The WSCC is here to look out for your interests.

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