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TIMSY BHANDO
Biotech
researcher
By Ramya Ramanathan
Indian-born Timsy Bhando is passionate about exploring how fungi can help discover new treatments for health issues. With a PhD in biotechnology from the Indian Institute of Technology Roorkee, India, she moved to Canada just before the pandemic for postdoctoral research at McMaster University in Hamilton, Ontario. There, she focused on a promising compound, KCB-100, which shows potential in treating brainrelated disorders. She has filed a patent for it, and it's now progressing toward clinical trials.
Now, as a discovery scientist at Vancouver-based startup, Kapoose Creek Bio, she continues her mission to develop innovative treatments that could improve people’s lives. Her work has earned her the MITACS Innovation of the Year Award, which recognizes groundbreaking achievements in research that make a big impact. In her free time, Bhando enjoys mentoring young scientists and sharing her research.
What brought you to Canada?
I moved to Canada in December 2019 to pursue my postdoctoral research at McMaster University under the mentorship of Dr. Eric Brown. Dr. Brown is a globally renowned scientist in antibiotic discovery and resistance research, and his lab is a leader in this critical field. Working under his guidance was an unparalleled opportunity to advance my expertise in drug discovery.
Canada’s reputation for cutting-edge research, its commitment to fostering innovation, and its welcoming environment for international scholars also played a
significant role in my decision. I knew Canada would provide the perfect platform to explore my scientific ambitions while contributing to impactful research in healthcare.
How were your first few months in Canada?
The first few months were a mix of excitement and adjustment. I was thrilled to work in a world-class research environment but I also had to adapt to a new culture, the cold climate and a professional setting.
Dr. Brown’s mentorship and the collaborative culture of the lab were inspiring, and I was excited to dive into my work in drug discovery. However, when the pandemic struck just three months after my arrival, it brought a wave of challenges. Lockdowns disrupted daily routines, and the transition to remote work and restricted lab access made it harder to carry out experiments. Building a sense of community and settling into a new environment also became difficult as in-person interactions were limited.
What are you currently working on?
My research focuses on fungal natural product drug discovery, with a particular emphasis on neuroactive compounds. Fungi are a remarkable yet underexplored source of bioactive molecules with unique mechanisms of action. Many of these natural products have the potential to address complex neurological disorders, which remain one of the most challenging areas in drug development.
At Kapoose Creek Bio, I am currently working on developing KCB-100, a promising compound with the potential to treat neurodegenerative diseases like Alzheimer’s and neuropsychiatric conditions like depression. We’re leveraging cutting-edge genomics, metabolomics and synthetic biology to uncover the molecular pathways through which KCB-100 exerts its effects. Early results have shown significant promise, and we are working toward advancing this compound through preclinical development. This work is particularly exciting because neuroactive drug discovery faces significant hurdles, such as limited efficacy and side effects in existing treatments. By focusing on fungal natural products, we aim to bring a fresh perspective to this field and contribute to addressing unmet needs in neurological healthcare.
What challenges have you faced, and how have you dealt with them?
Moving to a new country and being away from my family was a big challenge, especially in the beginning. It was emotionally tough, but I stayed focused on my goals, leaned on the support of my colleagues and
stayed connected with my family.
Moreover, in research, progress isn’t always straightforward, and setbacks are common. I’ve learned to stay patient, work through challenges creatively and focus on the bigger picture. These experiences have made me more resilient and determined to keep moving forward.
It's been over five years since you moved to Canada — how has this experience shaped you?
Living in Canada has been a transformative experience. It has broadened my perspective, teaching me the value of inclusivity, collaboration and resilience. Professionally, I’ve grown immensely, transitioning from a postdoctoral researcher to contributing to innovative drug discovery efforts. This journey has strengthened my problem-solving skills, adaptability and ability to thrive in multidisciplinary environments.
On a personal level, it has taught me independence and the importance of building a strong support network. The challenges I’ve faced and overcome have shaped me into a more determined and resourceful individual. Canada has truly become a place where I feel empowered to grow, contribute and make a meaningful impact.
What are your future plans?
I am passionate about healthcare and innovation in drug discovery. My goal is to continue advancing research in natural product drug development to address unmet medical needs. At Kapoose Creek Bio, I aim to help translate groundbreaking discoveries, like KCB-100, into effective therapies that can improve patients’ lives.
In the long term, I hope to lead projects that bridge fundamental research and real-world applications, fostering sustainable and impactful innovations in healthcare. I’m committed to contributing to science that not only pushes boundaries but also makes a tangible difference for individuals and communities.
What inspires you?
The desire to make a meaningful impact through my work is my greatest inspiration and keeps me going! Knowing that my research in drug discovery can address critical healthcare challenges and improve lives motivates me every day. I’m driven by the potential to develop innovative neurotherapeutic solutions that can transform patient outcomes. The thought of contributing to science that makes a real difference keeps my passion alive and fuels my commitment to meaningful progress.
What advice do you have for newcomers to Canada?
Believe in yourself and view challenges as opportunities for growth! Starting fresh in a new country, especially being away from family, can feel overwhelming, but it’s also a chance to discover your strengths and embrace new possibilities. Be open to learning, adapt to the change and connect with Canada’s welcoming and diverse community. Trust that every step forward, no matter how small, brings you closer to achieving your goals.
‘Welcome to Canada’ series on CBC News dives into newcomer challenges
CBC News kicked off the year with Welcome to Canada, a series that gets real about what it’s like to start fresh in a new country. The series is based on a survey of 1,507 immigrants by Pollara Strategic Insights, offering an in-depth look at the highs and lows of settling in Canada.
From struggles with finding affordable housing to the frustration of being underemployed, Welcome to Canada takes a closer look at the experiences of newcomers, shining a light on
challenges that don’t always make the headlines. The series isn’t just about the hurdles though — it also celebrates the resilience and contributions of those who’ve made Canada their home.
The first episode, “Experience Not Wanted,” takes on one of the most frustrating issues for immigrants: underemployment. Imagine being highly qualified but stuck in jobs that don’t reflect your expertise. That’s the reality for almost 90 per cent of newcomers who said they’ve struggled to find work in their field.
The episode highlights internationally trained professionals, like doctors, discussing licensing barriers and features experts offering insights on changes needed to better harness immigrant talent in Canada.
Another episode, “Too Many Immigrants, Not Enough Housing,” dives into the housing crisis newcomers are facing. While most immigrants said they’re happy overall with life in Canada, only half are satisfied with their housing situation. With rents soaring and affordable options hard to find, many are left in tough spots. This episode takes a deeper look at how the housing crunch intersects with immigration, exploring what can be done to ease the pressure.
What the numbers say
The survey behind the series paints a clear picture of what life is like for newcomers:
• A lot to like: 8 out of 10 respondents said they’re happy with life in Canada, with better opportunities and quality of life being the top reasons for coming here.
• Growing pains: While Canada is welcoming more immigrants, 82 per cent of newcomers think the country isn’t doing enough planning around housing, jobs and infrastructure to support them.
• Adapting isn’t too bad: Most found adjusting to daily life straightforward — 81 per cent said it’s easy to find culturally familiar food, 76 per cent felt good about transportation options and 61 per cent had positive experiences with newcomer support services.
• The price of immigration: Two-thirds said moving to Canada cost more than they expected, and 74 per cent feel that only wealthy people can afford to immigrate here.
Episodes air on CBC News Network, CBC Radio, and The National, and they’re also available to stream on The National’s YouTube channel.
Family work permits restricted for foreign students and workers
The federal government has recently implemented new restrictions on family work permits for international students and temporary foreign workers. This change is part of a broader effort to reduce the number of temporary residents in Canada and address immigration-related challenges, such as housing pressures and labour market demands.
According to a statement released by the Immigration Department, the new rules will limit access to family open work permits, which previously allowed spouses and dependents of foreign workers and students to work legally in Canada. Under the updated policy, eligibility will be restricted to:
• Spouses of international students enrolled in master’s programs lasting 16 months or longer, doctoral programs or certain undergraduate programs in professions like medicine, law and nursing.
• Spouses of high-skill foreign workers in managerial roles or occupations requiring university degrees.
• Spouses of foreign workers in mid-skill occupations under job categories addressing labour shortages, including natural and applied sciences, construction, healthcare, natural resources,
education, sports and the military.
In addition, foreign workers must have at least 16 months remaining on their work permits for their spouses to qualify. Dependent children of foreign workers will no longer be eligible for work permits under this program.
The government has stated that these changes are designed to strengthen the integrity of temporary resident programs while aligning with Canada’s economic goals and labour market needs. However, some stakeholders have expressed concerns that the new restrictions could hinder Canada’s ability to attract skilled workers and their families.
The policy marks a departure from 2022, when the government expanded the open work permit program to include families of low-skill workers, citing the importance of keeping families together.
A detailed list of eligible occupations under the updated rules is expected to be released in the coming days. This policy shift highlights the government's challenge in balancing labour market gaps with the broader impacts of temporary immigration.
ECONOMIC OUTLOOK FOR 2025
What newcomers can expect in Canada’s evolving economy
By Chitra K Menon
As Canada enters 2025, the economy presents both opportunities and hurdles for immigrants, who are essential to its workforce yet often encounter barriers that make the path to success complex. Take Teecee Okore for instance. A seasoned marketing consultant from Nigeria, she moved to Canada in 2024 with high hopes of upskilling, expanding her network and potentially starting her own business. However, like many newcomers, Okore has encountered obstacles "I feel the policies designed for immigrants don't provide much initial support."
Yet, she remains optimistic, having enrolled in a financial management program at the International Business University in Toronto, which she believes is helping her adapt to Canadian business practices.
"The course is opening new doors for me,"
she shares.
Economic landscape and key sectors for growth
Across the country, newcomers with exceptional skills face challenges similar to Okore’s as they try to establish themselves in Canada’s evolving economy. Skilled immigrants continue to contend with higher living costs, housing shortages, regional economic disparities and stiff job market competition.
Gervan Fearon, economist and George Brown College president, emphasizes that while immigration continues to be a critical driver of Canada’s economic success, navigating this complex landscape requires a strategic, proactive approach.
"Canada's economic growth trajectory in 2025 is positive," says Fearon. "It is expected to above Teecee Okore
grow at a pace of roughly 1.5 per cent in 2025 as it continues to recover from the shadows of the pandemic."
Fearon's insights align with BMO Capital Markets' 2025 Economic Outlook, which says Canada will experience "stable but uneven" growth, with projected GDP growth between 1.5 per cent and 2 per cent annually. While the interest rates cut by the Bank of Canada are expected to ease financial pressures for consumers, challenges like inflation, high living costs, and job competition will continue to pose hurdles. On a positive note, the federal government's plan to cut permanent resident targets by 20 per cent in 2025 is expected to ease the housing affordability crisis and address population growth, thereby boosting the economy. Inflation is forecasted to average below two per cent for 2025, with further declines possible if oil prices drop.
Still, a range of obstacles could challenge growth in the year ahead, says Fearon. The biggest issues are trade uncertainty and workforce concerns, all shaped by U.S. President Donald Trump’s administration. "Trump has discussed plans to impose tariffs on Canadian goods and strengthen border controls. History shows that tariffs often lead to retaliation and trade wars, which hurt all sides economically. There are also concerns about U.S. tax policies and government spending, which could affect the global economy, including exchange and interest rates."
However, the Canadian economy will remain focused on its competitive service sector, including financial services, and will benefit from productivity improvements in agri-food,
manufacturing, and resources, says Fearon.
“Technology, healthcare and green energy are emerging as areas of growth. Our tech industry is leading in fields like artificial intelligence and quantum computing, which could boost productivity and economic progress. To support this, the government and businesses are using strategies like tax credits, investment plans and policies to encourage innovation and attract private investment,” he adds.
Usha Srinivasan, a market researcher, supports Fearon's observations. She highlights that while Canada's tech industry is booming in major cities like Toronto, Vancouver and Montreal, provinces like Alberta and Saskatchewan offer untapped opportunities for skilled newcomers in sectors such as energy, technology and agriculture. “Smaller cities like Waterloo and Calgary are emerging as affordable alternatives with growing tech industries. Alberta is also leading in green energy initiatives, driving demand for specialists in wind and solar technologies. But while healthcare is expanding due to the aging population, regulatory barriers prevent skilled immigrants such as nurses and doctors from addressing critical shortages."
Challenges ahead: Wage growth, affordability and employment competition
Srinivasan predicts that the wage growth in 2025 will be moderate and is unlikely to match rising living costs.
The housing affordability crisis will remain one of the most pressing issues in 2025, particularly in urban centres like Toronto, Vancouver and Montreal. Statistics Canada reports show that nearly 45 per cent of Canadians are concerned about housing affordability because of the rising costs. In cities like Toronto, the average housing cost has surpassed $1 million, making homeownership unattainable for many, especially newcomers starting their careers.
Manoj Karatha, a broker in Mississauga, Ontario, doesn't anticipate significant changes in the housing market anytime soon. While the interest rate cuts by the Bank of Canada may lower monthly mortgage payments, housing prices and property values are unlikely to decrease. Karatha predicts that the government's recent immigration cuts will have a significant impact on the rental market. "The current housing crisis is largely due to overpopulation. Once the immigrant population stabilizes, rents are likely to drop, making housing slightly more affordable," he explains.
As a potential solution, Karatha suggests that immigrants should consider moving to other provinces such as Manitoba or Alberta, where housing is relatively affordable. However, he notes that this comes with trade-offs, such as compromising on luxury, lifestyle standards, and, for some, the dream of living in major cities like Toronto or Vancouver.
In addition to the housing crisis, employment competition in major cities will remain a significant barrier. Although Canada's unemployment rate is expected to remain relatively low in 2025, the demand for highly skilled roles, particularly in technology and healthcare, will outpace the available workforce. Newcomers with specialized skills may face challenges securing employment without wellestablished networks and a comprehensive understanding of the labour market.
Usha George, a professor of social work at Toronto Metropolitan University (TMU), says that based on research conducted by TMU in 2021, it took newcomers six to seven years to catch up with the Canadian population in terms of employment and education.
"The National Occupational Classification lists many in-demand jobs, but these roles are
above Usha Srinivasan
often inaccessible to newcomers. Governments must better understand the unique needs of newcomers and should create more supportive conditions,” she says.
How newcomers can thrive
While navigating higher living costs, housing shortages and job competition will require resilience, the growing demand for talent in key
above Gervan Fearon
industries offers hope for those willing to adapt and thrive.
George suggests leveraging regional opportunities, adapting to local market
demands, upskilling and reskilling, and most importantly, networking as key measures of success.
"Networking is social capital. Newcomers should actively engage in industry events, mentorship programs and online platforms like LinkedIn to connect with potential employers and colleagues. This will help them to explore regional job markets in provinces where there is a growing demand for skilled workers,” she advises.
George stresses the need to stay updated in rapidly changing sectors by committing to lifelong learning. "Canadian universities offer a smorgasbord of certifications and bridging programs. By understanding local practices, culture and industry-specific requirements newcomers can navigate the competitive job market and build rewarding careers in Canada's diverse economy," she adds.
Okore also emphasizes the importance of learning. "My course has been instrumental in helping me understand market dynamics and connect with professionals from various countries thanks to its multicultural
environment. It also provides insights into how businesses operate in Canada. Meeting people from diverse backgrounds who bring knowledge of different industries has been incredibly valuable,” she explains.
Nominations Are Open!
Do you know an inspiring immigrant who has made a positive impact in Canada? Celebrate their achievements by nominating them for this coveted national award by March 7th, 2025.
Presenting Sponsor: Program Partner:
above Manoj Karatha
above Usha George
HEALING LEGACY
Traditional Chinese medicine practitioner Adam Chen has pioneered acupuncture treatments in Canada, integrating
Eastern and Western medical practices and improving the lives of countless patients along the
way
The 18-year-old patient at Toronto’s St. Michael’s Hospital lies curled up in a trembling ball. Completely silent. He’s suffering from a rare autoimmune disease, Raynaud’s, which has inflamed his arteries and constricted the blood flow to his limbs. Two of his toes have already died and turned black from gangrene and his anxious physicians are planning to amputate his lower limbs to prevent further decay. For this active young man who loves to ski, this plan is unendurable. “It’s like a death sentence,” says traditional Chinese medicine practitioner Adam Chen, who has been asked to consult on the case.
Chen approaches the motionless patient and gently stimulates his legs with hair-thin acupuncture needles. The young man’s muscles tense in response. "This means they're still alive," says Chen. Over the next three weeks, as Chen treats him with more acupuncture and Chinese massage, the youngster’s legs warm up, he starts to walk with a cane, and eventually leaves the hospital and begins to ski again. This experience inspired the young man to pursue a career helping others, and today he works as a nurse.
Chen shares his former patient’s passion for
By Vivien Fellegi
healing. “There is nothing better,” he says.
Resilient roots
Chen’s dedication to medicine was forged during China’s Cultural Revolution. At that time, all city-dwelling youngsters were asked to leave their homes and schools and relocate to the countryside, where they would be instructed in the virtues of peasant life. At 18, he left his parents in Shanghai and went to a farm where he endured back-breaking labour. While most of his peers were “unhappy” with their new situation, Chen looked at it as an opportunity for self-improvement. “This farm work was a way to toughen myself,” he says. Before long, he became one of the strongest on his team, able to hoist 200 pounds of soybeans.
Chen’s eagerness to train impressed his superiors and he was selected to become a paramedic — an occupation that could come in handy in the event of war, as the region was near the border with Russia. He was taught traditional Chinese medicine, which offered affordable methods like acupuncture to treat the pain of potential wounded patients.
Chen was immediately entranced by his new
vocation. He bombarded his instructors with questions and studied all the medical texts lying around the hospital. His eagerness to learn earned him the privilege of attending Heilongjiang University in 1975, where he earned a degree in Traditional Chinese Medicine (TCM). One day, a patient arrived complaining of vertigo (dizziness). Two acupuncture needles behind his ear cured the problem that no one else had been able to resolve. “I just wanted to cry,” says Chen. “This kind of a thrill … nothing can replace it.”
At that time, practitioners of TCM believed that the body of knowledge needed to be modernized with Western concepts. In 1979, Chen was sent to Harbin Medical University to study medical genetics. Then, in 1983, Chen profited from a student exchange program to come to Canada and embark on a master’s degree in genetics at the University of Alberta in Edmonton, followed by a PhD in the same subject. After the massacre in Tiananmen Square in Beijing in 1989, during which Chinese military fired on unarmed protesters, Canada opened its doors to Chinese students and Chen decided to stay permanently.
Although Chen’s subsequent research in genetics opened new ways of thinking about
"If there were a next life, I'll come back and do the same thing"
medicine, it was never as fulfilling as his original career. During this time, he maintained a small private practice, and one day a patient encouraged him to apply to teach at the new acupuncture program at Toronto’s Michener Institute for Applied Health Sciences. Chen won the position, established an acupuncture clinic for his students to practice, and was quickly promoted to manager of the program. He was ecstatic that his students would carry on his vision. “Everyone was so excited,” he says, “almost like being injected with morphine.”
An integrated approach
But Chen didn’t want to restrict his students’ perspective to the Eastern approach. “One patient is suitable for acupuncture, the other for medicine, the other for surgery,” he says. “You must look at things from different angles.” Hoping to expose his students to such an integrated perspective, he approached the doctors at Mount Sinai’s Wasser Pain Management Centre in Toronto, offering to open an acupuncture clinic there. But Canadian hospitals are the most conservative in the world, says Chen, and they rejected the idea. Chen persisted. “You must have a problem that cannot be resolved,” he said. “Why don’t you give us a try?” Finally, they relented. After just six months, most of the 20 patients treated with acupuncture were able to lower their dose of painkillers or stop them entirely. In 2000, Mount Sinai became
the first teaching hospital in Canada to host an acupuncture clinic, combining Eastern and Western treatments for chronic pain. In 2002, Chen founded another acupuncture clinic at Sunnybrook Health Sciences Centre in Toronto.
How does acupuncture work? Chen explains that everyone has a vital life energy, or qi, that flows along channels of the body known as meridians. When the smooth movement of qi is blocked, illness or pain results. Acupuncture needles inserted into specific points along the meridians can stimulate the flow of energy and restore health.
But despite Chen’s impressive results using acupuncture, many Western-trained doctors dismissed his patients’ positive responses as the placebo effect — the positive result of simply believing in a treatment. Chen’s clinical research, which demonstrates measurable outcomes of acupuncture, refutes this notion. One groundbreaking study, published in 2004, focused on melatonin production. In healthy humans, the production of this hormone peaks at night, helping the body relax and preparing it for sleep. In patients with insomnia, however, this nocturnal melatonin secretion is deficient. During this study, five weeks of acupuncture stimulated melatonin production, which improved patients’ sleep and even reduced their anxiety. Such observable outcomes have helped
to boost the credibility of acupuncture. These are physical effects, says Chen. “It’s not about believing or not.”
Chen’s lifelong research into the benefits of traditional Chinese medicine has earned him professional recognition as an expert in the field. In 2000, the federal government consulted with him to establish a database of Chinese herbs.
Today, the 73-year-old Chen is semi-retired but still works part time in Ac99, a private clinic he founded in Markham, Ontario, specializing in pain, infertility and mental health conditions. While his main focus is acupuncture, he also prescribes Chinese herbs. The name of the clinic reflects Chen’s philosophy: “Ac” stands for the initials of his name and “99” is the highest number in Chinese numerology, signifying his long years of commitment to his craft. “It’s not just like I do it once,” he says. “It’s a lifetime practice.”
Chen has passed down his passion for service to his four children, teaching them to value altruism over wealth. All of them have engaged in volunteer work. “Helping people,” says Chen, “you see results nothing can buy.”
That’s why Chen has no regrets about his past. “If there were a next life,” says Chen, “I’ll come back and do the same thing.”
Weaving the tapestry of community, one thread at a time.
An immersive online celebration of cultural diversity through storytelling, artistic expression and exchange of ideas from voices around Canada and the world.
W.J.T. Mitchell English & Art History Professor
guests include Ap r il 30, 202 5 threads2025.ca
For inquiries, please email threads_registrations@sods.sk.ca
Featured
Kickstart 2025 with clear career goals
Unlock your full potential for a successful year ahead
Welcome to 2025! Let’s help you make it your best year ever. As you embark on this new journey, remember the pace of change will be relentless with AI and other digital upheavals. So, anticipate needs, create meaningful outcomes and drive results while staying flexible in the face of constant change. A good first step is to set clear goals and resolutions using the SMART framework.
Specific: Your resolution needs to be welldefined and focused.
Measurable: Make sure your goal has quantifiable outcomes so you can track your progress.
Achievable: While aiming high is great, your
goals must also be realistic to be feasible.
Relevant: Your resolution should matter to you. Make sure it aligns with your values.
Time-bound: Always set a deadline for your goal to ensure you can accomplish it within a realistic time frame.
Here are a few questions to help you with your goal setting and setting a plan for the future.
• What’s the biggest thing you want to achieve in your career this year?
• What would you need to be more fulfilled in your career?
• Where do you see yourself in three months, six months and at the end of the next year?
• What three things do you want to focus on this year?
• What actions do you need to take to improve?
• How can you go about getting to your goals?
• What support do you need?
The more detailed you are, the better. Write about your ideal workday, your environment, the people you work with, the type of work you’re doing — literally everything. You want to make sure you’re approaching your career with the right attitude, and this exercise will help you do that. It will set you up to start the new year
with motivation, focus and drive.
Author Katy Yaksha, in her best-seller You Can Do Anything You Want, offers many insights on how to live a fulfilling life. Here are 10 tips extracted from her book to help you grow, adapt and innovate in this new year.
1. Believe in your unlimited potential
Everyone has unlimited potential to achieve their dreams. Believing in your abilities and focusing on your strengths can open doors to countless opportunities.
2. Trust the journey, even when it’s unclear Life’s path is rarely linear, and challenges will arise. The key is to trust the process and understand that every experience contributes to your growth and success, even if it’s not immediately clear.
3. Take inspired action toward your goals
While belief is important, action is necessary to turn your dreams into reality. Take inspired, consistent steps toward your goals, no matter how small, to create momentum and progress.
4. Overcome self-doubt with positive affirmations
Self-doubt can hinder progress, but replacing negative thoughts with positive affirmations can help shift your mindset. Use empowering
statements to build confidence and maintain motivation.
5. Embrace change as part of growth
Change can be uncomfortable, but it is a natural part of personal development. Welcome change with open arms, as it often leads to new opportunities and deeper self-awareness.
6. Stay true to yourself
Authenticity is key to happiness and success. Honour your true self, follow your own path, and do not get caught up in trying to meet others’ expectations.
7. Cultivate gratitude for what you have
Practising gratitude for the present moment helps to create a positive mindset and attracts more abundance into your life. Appreciate what you already have while working toward your goals.
8. Nurture your mind and body
Taking care of your mental and physical health is essential to sustaining energy and enthusiasm for your journey. Engage in selfcare practices that nurture both the mind and
body, such as exercise, meditation and healthy eating.
9. Find joy in the small things
Life is made up of small moments, and finding joy in these everyday experiences can bring peace and contentment. Slow down and appreciate the little things, whether it’s a quiet moment or a kind gesture.
10. Surround yourself with positive energy
The people you spend time with can have a huge impact on your mindset. Surround yourself with positive, supportive individuals who uplift and encourage you to pursue your dreams.
Today’s ever-changing, dynamic world will challenge you, push you to think fast, adapt faster, and innovate constantly. Every day will bring a new challenge, whether it’s understanding evolving customer behaviours, navigating market shifts, or crafting campaigns that cut through the noise. Here’s wishing you a rocking 2025. To paraphrase Katy Yaksha: You can do anything you want — overcome obstacles, embrace your unique path and create a life full of purpose and joy.
Murali Murthy is an acclaimed public speaker, life coach and best-selling author of The ACE Principle, The ACE Awakening, The ACE Abundance and You Are HIRED! He is also chairperson of CAMP Networking Canada. Learn how he can help unlock your magic at ACEWorldFoundation.com
Preparing for work after graduation
Essential job search tips for students
Finding meaningful work can be challenging for students who put off their job search until after graduation. Staying aware of possibilities and preparing for future work during your studies may help you when school is over, and the job hunt is fully on.
As a post-secondary student, you don’t want to sacrifice your focus and time. There are some things that you can do to prepare for the eventual full-time job hunt. Whether you are in your first semester or your final one, planning for your future work life is an important part of postsecondary education.
Get some work experience
Many programs offer work placements, internships and co-op opportunities. These experiences help you determine if your chosen path is a good fit, allow you to gain contacts in your field and provide you with some material to discuss in future job interviews. When you are not able to get a formal placement, or it is not part of your program, you can try volunteer work which can offer similar benefits in terms of gaining exposure in the field, making new connections and honing your skills.
Part-time work while you are in school can also be very valuable. Many schools offer work opportunities to students. For example, professors may be looking for students to hire to help with research, or you may be able to work as a tutor or peer mentor. If you start working early on, you may be able to secure even better jobs by your last semester, which will add value to your resume.
Work experience is not only helpful for students who want to find employment after graduation. If you plan to pursue graduate studies right after your undergraduate degree, work or observational experience may be required for admission to your chosen program.
Regardless of your needs, the staff at your school’s career centre can help you find opportunities, improve your online presence and enhance your resume writing and interview skills. You will get more out of this service if you access it early rather than in your final semester, but it’s never too late. School-sponsored career fairs may help connect you with employers and give you an opportunity to ask recruiters questions, such as industry trends, relevant skills and expected salaries. Some schools also offer support in starting your own business, such as developing a business plan and applying for funding.
Pick up additional skills
When jobs are easy to come by, your studies may be enough to secure meaningful employment. However, when times are more competitive, you will often need additional qualifications. Extra skills that an employer doesn’t necessarily ask for but are potentially beneficial to them can increase your value as a candidate. For example, a customer service manager who speaks multiple languages may be more valuable than someone with only
one. A social service administrator who also knows some accounting can be an asset.
Volunteer work may also provide opportunities to develop skills like writing, public speaking, customer service, teamwork and many other abilities valued by employers. Schools also offer opportunities to participate in clubs, student government and competitive sports. These experiences can speak to your ability to take on leadership roles, come up with creative solutions and work in a team — skills that employers often look for and ask you about in interviews.
Establish connections and maintain your contacts
The people you meet at school — classmates and their friends and family, professors, staff and employers — are valuable contacts. If they like your work, they may pass on information about opportunities,
provide references or offer work experience. Staying in touch can be done in person, through messaging, sharing interesting reading material or information.
The expansion of online learning over the last few years has made it harder to establish connections at school, but it is still possible. While it can be tempting to passively listen in remote classes, being more visible and present will likely benefit you. Turning on your camera, asking questions and actively participating will make it less likely that you are overlooked.
Being a full-time student is timeconsuming but investing some energy into preparing for your future while in school will likely pay off later. Gaining work experience is not always an option, but there are other ways to build your skills and experience by utilizing your school’s resources.
Geneviève Beaupré and Susan Qadeer have extensive experience working in university and college settings, providing career, academic and personal counselling to international and immigrant students.
Navigating the complexities of remote work under the Express Entry program Working across borders
The COVID-19 pandemic fundamentally reshaped the way we work, ushering in a remote work revolution that appears here to stay. Beyond more video calls and commutefree workdays, this shift has transformed traditional employment structures, giving rise to trends like “digital nomads” and “work from anywhere” lifestyles.
While these changes offer benefits for workers and employers alike, they have also raised complex interpretive questions from an immigration perspective. This is particularly true for individuals navigating the Express Entry system. For applicants under the Canadian Experience Class (CEC), at least one year of Canadian work experience is required to qualify. Additionally, qualifying work experience — both Canadian and foreign — plays a significant role in earning Comprehensive Ranking System (CRS) points, which determine an applicant’s rank in the Express Entry pool. However, in this new era where work transcends borders, distinguishing “Canadian” from “foreign” work experience has become increasingly complex.
What qualifies as Canadian work experience
For work to qualify as Canadian work experience under the CEC, Immigration, Refugees and Citizenship Canada (IRCC) requires applicants to have been physically present in Canada and actively participating in the Canadian labour market. In other words, the work must be done for a Canadian employer while the applicant is working in Canada. This means that any remote work performed while physically outside Canada — even for a Canadian company — typically does not qualify as Canadian work experience.
While this may appear straightforward, real-life situations often highlight unexpected complexities. For example, imagine an employee of a Canadian tech company who temporarily relocates abroad for three months to care for a family member. Similarly, consider a professional working for a Canadian company who must travel overseas for 10 days each month to manage an ongoing project. In both scenarios, the time spent working outside Canada may not strictly qualify as Canadian work experience under Express Entry, despite remaining employed by the Canadian company.
Conversely, remote work performed in Canada for a foreign employer typically does not meet the criteria for Canadian work experience. For example, consider a marketing consultant living in Canada who works remotely for a startup based entirely overseas. Although they are physically present in Canada, their employer operates outside the Canadian labour market. However, applicants may be able to claim this work as foreign work experience to earn additional CRS points, provided it meets the required criteria.
Another increasingly common scenario in the remote work context that creates further interpretive questions involves Employers of Record (EOR). EORs are third-party entities that manage payroll, taxes and benefits for companies. For example, take a graphic designer living in Canada who works for a European fashion brand. The brand uses a Canadian EOR to process payroll and provide local benefits to the employee. At first glance, it might seem logical to count this as Canadian work experience since the employee is working in Canada and is paid through a Canadian entity. However, since the designer's tasks, direction and projects are managed entirely
by the European company, the work may not qualify as Canadian work experience under Express Entry, despite the local payroll arrangement.
Case-by-case evaluations
As these examples illustrate, the rise of remote work has blurred traditional boundaries of employment, raising critical questions about what qualifies as Canadian work experience for Express Entry. Unfortunately, IRCC has provided limited guidance on these situations. As a result, applications are assessed on a caseby-case basis, with decisions often hinging on the supporting evidence submitted.
If you are unsure how your remote work experience might be evaluated, consulting an immigration professional can provide clarity based on your specific circumstances. As remote work continues to reshape the global workforce, understanding the intricacies of Express Entry is essential to successfully navigating these evolving challenges.
Maxine Blennerhassett is with Canadian immigration law firm Larlee Rosenberg.
Marking milestones
Meaningful ways to celebrate your child’s journey
Achild’s developmental journey is filled with many milestones and monumental firsts that symbolize the passage of time and growth. However small or big, these milestones are worthy of appreciation and celebration.
Being aware of a child’s developmental milestones is necessary for parents to use as a benchmark to observe, assess and identify their growth or potential delays. It is also important for parents to be mindful that while everyone develops at their own pace, it is necessary to seek early assistance when the child is not reaching key developmental milestones by a certain age.
Milestones are more than just birthdays, first words, first steps, the first day of school or graduation. They could also be the advancement of proficiencies such as mastering self-help tasks, acquiring a new skill or overcoming a developmental delay at their own pace. When a child reaches a milestone, take the time to appreciate and acknowledge their progress.
Marking progress, making memories
Celebrating milestones can strengthen family relationships, improve self-confidence and foster a sense of accomplishment. It helps children feel loved and appreciated at each stage of their lives. In Canada, families have a variety of ways to celebrate, depending on their culture, religion, values and beliefs. Make each milestone special and memorable by celebrating in ways that honour your family’s traditions while incorporating the richness of Canada’s diverse culture.
Invite children to be part of the discussion and decision-making process. Include your child’s interests in their milestone celebrations and show them that their input is valued. Whichever way you choose to celebrate your milestones, from simple and private, to more elaborate and public, ensure that the celebration is meaningful for your child and the family. Make it a memorable moment, a time to reflect and appreciate how much they have grown and improved over time.
Ways to celebrate milestones.
• Provide verbal encouragement, be specific about their effort and describe what milestones they’ve reached.
• Provide physical encouragement with a high five, a smile, a hug, or a pat on the back.
• Come up with a secret sign, or a little song and dance routine that you can share exclusively with your child.
• Cook your child’s favourite meal, throw a party, give a small gift or plan a special outing.
• Write special notes, poems or a letter to your child.
• Take photos or videos to mark the moment.
• Create a keepsake such as a time capsule, handprint/footprint, or plant a tree.
• Take time to document your children’s milestones with journaling, visual charts, growth charts, scrapbooking, a memory box or a video blog.
Display your child’s work by framing and showcasing their photos, art and writing.
Share stories of your child's achievements with family and friends.
Children grow and change so much throughout their lives. By celebrating milestones, both big and small, we show them that their hard work is valued, their dedication is recognized and that their accomplishments deserve to be honoured. Celebrating these milestones can have a positive impact on overall development and strengthen family bonds. What better way to celebrate children’s milestones, than with special, personalized and meaningful moments that create lasting memories!
Cheryl Song, an immigrant from Malaysia, has more than 20 years’ experience of working in early learning and family programs. Contact her at cheryl@learnwithsong.com or visit her website at learnwithsong.com.
The winter of our disconnect
Here's how newcomers can overcome
Before COVID, before H1N1, before walking pneumonia, there was a different kind of pandemic — one that persists and continues to affect millions: loneliness.
Psychology Today defines loneliness as “the state of distress or discomfort that results when one perceives a gap between one’s desires for social connection and actual experiences of it.”
Indeed, as recently as September 2024, a staggering 60 per cent of Canadians felt disconnected from their communities, with 16 per cent stating they never feel a sense of community, according to an Angus Reid survey.
Similar surveys conducted by the Centre for Addiction and Mental Health (CAMH) in 2022 found that Canadians between 18 and 39 reported the highest levels of anxiety, depression and loneliness at levels clocking in at 33.5 per cent.
The problem isn’t just limited to Canada. In the United Kingdom, the issue has been considered severe enough to dedicate an entire ministry to address it.
How loneliness affects new Canadians
When the lens is turned upon new Canadians, many report facing barriers to establishing new relationships in their adopted countries as well as a sense of disruption in their social networks. Transitioning from a collectivist culture to one where the emphasis is on the individual can be a lot to absorb. Furthermore, language barriers, cultural differences and stigma are among the variables that contribute to the sense of isolation and disconnect.
In addition to the impact on mental health, studies have linked loneliness to physical health issues such as cardiovascular disease, high cholesterol levels, high blood pressure and increased morbidity and mortality. Loneliness has also been shown to have a measurable impact on decreased cognitive flexibility and has been shown to have a negative impact on executive functioning, the part of the brain responsible for planning, organization and selfregulation.
Now that winter’s here, the shorter days and colder temperatures can impact our mood, contributing to a sense of loneliness and isolation. Cold is often associated with loneliness, in part because new Canadians
loneliness
during the
winter months
may be more accustomed to warmer climates, and this can limit social interaction. Seasonal Affective Disorder (SAD) is another element that can play havoc with our emotional wellbeing, due to the shorter days and lack of natural light. About 18 per cent of all Canadians report being affected by SAD.
So, what can be done to combat loneliness during the cold, dark winter months?
Get outside!
For one thing, consider embracing your situation — winter won’t be going away anytime soon! There are dozens of clubs across the country that welcome new Canadians to their fold. Consider organizations like Outward Bound (outwardbound.ca) which specializes in experiential outdoor education and can set up individualized programs especially for new Canadians living in Ontario, B.C. or Alberta. In Quebec, Plein Air Interculterel (pleinairinterculturel.com) introduces immigrants to a plethora of outdoor activities like camping, skiing and hiking.
Connect with community
Settlement agencies throughout the country play a key role in helping people feel connected.
This can take many forms from setting up community kitchens and language training classes to organizing informal activities where you can meet others from your own community. If you live in Ontario, start with settlement. org and look under ‘community.’ If you live elsewhere, check out the newcomer services listed on ircc.canada.ca
Connect with yourself
Loneliness is really a poverty of the soul. It reduces your motivation and your sense of the world. By being curious you are naturally expanding your interest in the world beyond yourself. This mindset helps protect against issues like depression and anxiety by encouraging a willingness to explore the unknown rather than fear it. This can lead to greater self-awareness, improved resilience and empathy towards others.
There is no magic bullet that will cure your sense of loneliness. It’s an emotion that is experienced differently by everyone. By demonstrating a willingness to connect with yourself and the message your situation presents, you’ll be one step closer to embracing the possibilities of growth and reconciliation that loneliness offers.
Carter Hammett is a Toronto-based social worker, writer and trainer. He can be reached at iwriteandedit@yahoo.com. Visit his page at: https://authory.com/CarterHammett
Building relationships as a newcomer
By Ushah Kazi
Newcomers approach love and relationships in diverse ways, from facing the pressures of traditional matchmaking to navigating the complexities of modern dating. Building a romantic relationship in a new country can feel like uncharted territory, where conventional methods may not always apply, and dating apps come with their own set of challenges. Yet, with the right mindset and support from the community, love can bloom in unexpected ways.
Take Jenn Patterson, for instance. Born in Canada, Jenn wasn’t new to the country, but she still stepped out of her comfort zone when she joined a local hiking group. Though she wasn’t exactly “outdoorsy,” her curiosity led her to give it a try. That’s where she met Lebaneseborn Ramzi Khouri, who had recently moved to Canada and had also joined the group. As their paths crossed more often, their shared
interest in nature turned into a shared love for each other.
Now married, Patterson and Khouri have been together for over a decade, proving that finding love in a new country doesn’t always need to follow the traditional routes. “Joining the hiking group opened up a new world for me in more ways than one,” she says.
Cultural expectations
Simran Kaur, who works in the film industry in Toronto, moved from India six years ago.
Reflecting on how she has to navigate between cultures, she says, “When I go back home, I’m already considered a foreigner.”
In her new reality in Canada, the traditional matchmaking that her family insists on feels out of place to her. She expresses her frustration
above Ramzi Khouri and Jenn Patterson
with their attempts to “arrange” a union. In addition, she finds that many families from her background want the traditional Indian bride. “They want someone financially successful, but also someone they can suppress,” she says. “That doesn’t sit very well with me.”
Like Kaur, Indian-born Hiral Parekh, an analyst working in the aviation industry in Montreal is navigating the complexities of expectations from her culture while living in Canada. She expresses being uncomfortable when people from her community ask “personal questions” at cultural gatherings. She says that the questions about her beliefs, background or identity, make her feel isolated and disconnected from her community.
However, Canada’s cultural diversity can be a great opportunity to connect with people from other communities.
Despite their different backgrounds, Khouri and Patterson both share an appreciation for diversity. Patterson, a speech therapy assistant in Mississauga, Ontario, says, “Living in this area you learn so much about people from different backgrounds.” While Khouri says that traveling extensively before settling in Canada made him “open to different approaches and different cultures.”
Communicating with your partner is also important. For instance, they laughingly share that when they first went to Lebanon, Khouri had “warned” Patterson that they would constantly be asked when they’d get married. But, since they had spoken about it beforehand, it was easy to give a consistent answer.
Navigating modern dating
In today’s world, dating apps often seem like the go-to solution for meeting new people. Renee Raymond, clinical director at ReNu
Counselling and Psychotherapy, observes that many newcomers turn to apps out of necessity. “Newcomers comment that back home, they would walk down the street and say hi to people.” In a post-pandemic world, this is no longer possible. So, they opt for apps because they seem like the only option. Especially when apps such as Muzz or Dil Mil cater to specific religious or ethnic communities.
In theory, this could make finding the right person a lot easier. In practice, that’s not always true.
Drawing on her experiences in both sports psychology and couples therapy, Raymond explains that the competitive nature of dating apps can be stressful and impact one’s mental health. When they match with as many people as possible, it ultimately “burns people out very quickly.” Especially when it’s impossible to judge someone based solely on an online profile.
Kaur comments on the “shallow” nature of the apps where most people are not looking for a serious relationship. Parekh, on the other hand, highlights how it is difficult to find someone who is not only right for her, but also fits her family’s values, when “people are so much more individualistic in Canada.”
The use of dating apps also brings up securityrelated concerns. Cases of “catfishing,” where people create fake profiles, further complicate the landscape. According to Raymond, a major red flag is when someone avoids video calls. “It’s hard to argue you don’t have a working phone camera in today’s world,” she says. Her advice? Insist on video or phone calls before meeting in person and choose public places for first dates.
This allows them to safely exit the situation if the person is not who they pretended to be.
Using community to form connections
When you’re alone in a new country, communities can be immensely helpful.
For Parekh, who initially moved to Canada with her boyfriend, a supportive circle became important when her relationship ended. “I was very fortunate,” she says, “to find friends from my own community here.” She shares that she was able to form bonds with people she met at school, through South Asian cultural groups and cultural events, and grew her network into a supportive one.
Kaur also believes in the power of community. Apart from participating in theatre and musical groups, she also works with the local non-profit Shubh Helping Hands and has befriended several seniors in her community. Noting that when friends in her
age group, who are in relationships or married, can’t relate to her experiences, the wisdom she gets from elders keeps her grounded. When community elders share how they found their partners, it reminds her that “it happens when it has to happen.”
Raymond wants everyone to remember that an important part of navigating relationships is “trying to figure out what you also would enjoy doing, to meet people.” She advises singles to join clubs or organizations that they enjoy, where they will meet people organically. Raymond points out that this approach benefits mental health too, allowing people to focus on enjoying the moment rather than placing undue pressure on themselves.
Patterson and Khouri’s relationship is a testament to this. “I feel,” says Khouri, “that finding common interests in groups is the best place to find friends.”
above Renee Raymond
above Hiral Parekh
above Simran Kaur
FINDING HER FOCUS
Self-taught photographer Renata Pollock turns
her passion into a thriving business
By Lisa Evans
When Renata Pollock was just 13 years old, growing up in São Paulo, Brazil, she vividly remembers being captivated by the Winter Olympics. She would record the figure skating competitions on her VCR and cheer for the Canadian skaters. She never imagined she’d one day call Canada home. “I almost feel like I was born in the wrong country and had to come back,” she laughs.
Pollock met her future husband, Cameron, in high school in 1990. By 1999, the couple started dreaming about a move to Canada. Cameron, born in Brazil to Canadian parents, already had family ties in the country. But their plans hit a few bumps — like when their car was stolen just before they planned to sell it to buy plane tickets. A few years later, they had saved enough money to make their Canadian dream a reality.
The couple stayed with Cameron’s relatives in Mississauga, Ontario, for a month before finding a basement apartment in Toronto. Starting out in a new country wasn’t easy, especially since Pollock didn’t speak any English. “It took me a good six months to start speaking,” she says. “I was always embarrassed that I would say things wrong.” She never took a class but learned the language through a lot of TV watching.
Finding her passion
When her husband’s job brought them to Burlington, Ont., Pollock began taking ceramics classes at the Art Gallery of Burlington. She needed to photograph her pottery to apply for craft shows, setting the stage for her future passion.
Her first camera wasn’t fancy, but it had more features than a pointand-shoot. “I bought it from a member of the photographer’s guild
at the arts centre,” she explains. Soon, she was learning photography techniques, experimenting with the camera’s settings and watching YouTube videos about photography.
“I started like a lot of photographers — as a mom with a camera, doing things for free or super cheap,” she says. In 2012, a friend suggested she try birth photography. While she found the experience fascinating, the unpredictable nature of being on call didn’t fit her family life. She also dabbled in wedding photography but quickly realized that spending summer weekends away from her husband and young son wasn’t for her.
Her “aha” moment came during a Mother’s Day event in 2015. “I wanted to do outdoor photos, but every weekend it was raining,” she recalls. That’s when she decided to try studio photography, knowing it would give her control over lighting conditions.
By 2018, Pollock had set up a small studio in her basement. “It was tiny — I had to sit on the steps to get enough distance for some shots,” she laughs. But it worked for her at the time as she began making a name for herself as a portrait photographer, shooting headshots and personal branding photos.
Taking the leap
In February 2020, Pollock decided it was time to move her business out of the house. “I didn’t feel professional. People could see my kitchen sink,” she says. She found the perfect space in Oakville, Ont., but hesitated. When she finally made the call to rent it, the space had already been taken. Then, just a month later, the COVID-19 pandemic hit.
Not being able to shoot clients, Pollock channelled her creativity
into a composite photo to remember the lockdown and entered it for the Creative Pictures Awards. “I had never entered a competition,” she says. Her photo — featuring a boy in pyjamas, building Lego, parents scrolling on their cell phones and drinking wine, an abundance of Lindt chocolate bunnies, and a cat, won first place in the Family Portrait category.
Though the pandemic brought many challenges, Pollock says the hardest part wasn’t the boredom of the lockdown but being separated from loved ones. She had planned a trip to visit her family in Brazil in April, but border closures forced her to postpone. Tragically, in the span of just one month, she lost both her parents: her father passed away in October 2020, followed by her mother who succumbed to COVID-19. Grieving while far from family was one of the most difficult times of her life, but it also fueled her determination to make her dreams a reality.
Embracing her journey
In 2021, Pollock finally opened her own studio. “It was terrifying,” she recalls. Despite her success as a professional photographer, Pollock has wrestled with imposter syndrome, often feeling inadequate because she’s entirely self-taught. “When somebody says your work is so amazing, that really gets me; I still feel I’m less than because I don’t have those official things,” she admits.
Now in her 50s, she feels like she’s just hitting her stride. “I feel like Canada is the land of opportunities,” she says. From her early days working with ceramics at the Art Gallery of Burlington to joining networking groups and collaborating in a coworking space, Pollock has consistently felt uplifted by the community around her. “Everyone here is so supportive — it’s a place where you can grow. I can’t imagine doing this anywhere else.”
Reflecting on her journey, Pollock offers advice: “Don’t compare yourself to others. I know my pace is slower and that’s okay. It’s my journey.”
Today, Pollock proudly calls herself a professional photographer, confident in her skills and excited for what’s ahead.
Leveraging 2024 financials for business success Planning for 2025
Effective financial planning involves forecasting future revenues, expenses and investments while using past financial data as a foundation. By analyzing your 2024 financials, you can craft a comprehensive financial roadmap for the coming year that not only ensures sustainability but also fosters growth.
Understanding financial planning
Financial planning is the process of assessing your current financial situation, identifying future financial goals and outlining a strategy to achieve those goals. It encompasses various elements like budgeting, forecasting and profit analysis. For businesses, this proactive approach helps in managing cash flow, maximizing investments and preparing for potential financial challenges.
Step 1: Analyze your 2024 financials
The first step is to conduct a thorough analysis of your 2024 financials. This should include:
• Income statement review: Analyze your revenue streams, cost of goods sold (COGS) and operating expenses. Identify trends — are there particular months or quarters where revenue sees spikes or drops?
• Balance sheet examination: Assess your assets, liabilities and equity. This analysis helps you understand your company’s financial health and informs decisions about financing and investments. Specifically, look at your receivable trends (are clients taking too long to pay?) and payable trends (are you always cash-crunched to pay bills?).
• Cash flow statement analysis: Look at your cash inflows and outflows. Positive cash flow is vital to business operations, so examine areas where cash may be tied up and strategize how to improve liquidity.
Step 2: Set clear financial goals for 2025
Using insights from your 2024 analysis, set clear and measurable goals for 2025. Goals may include:
• Revenue goals: Set specific targets based on growth expectations from 2024 performance. Aim for realistic, data-backed increases. If you had a two per cent growth in 2024, hoping for a 25 per cent growth in 2025 may not be realistic unless you are undertaking new aggressive strategies.
• Expense management: Identify areas where costs can be reduced without sacrificing quality or service. Your analysis will point toward common expense categories that may be due for cuts.
• Profit margins improvement: If profit margins were tight in 2024, determine how you can enhance them through price adjustments or operational efficiencies.
Step 3: Budgeting for 2025
With goals established, it's time to create a budget for 2025. This budget will drive your financial strategy and should include:
• Forecasted revenue: Use your 2024 revenue as a baseline while accounting for market trends, expected contracts and potential economic shifts.
• Projected expenses: Categorize fixed and variable expenses. Include costs like salaries, rent, utilities and marketing. Ensure that you allocate budgets for unexpected expenses as well.
• Cash flow projections: Based on your revenue and expenses, project cash flow for each month. This is crucial for ensuring that you can
meet financial obligations as they arise.
Step 4: Identify funding needs
Another important aspect of financial planning for 2025 is identifying potential funding needs. Assess whether you’ll require additional financing to achieve your goals. Consider:
• Loan options: Evaluate your current debts and consider if new loans could spur growth or provide working capital.
• Investment: Think about opportunities for reinvesting profits into the business for expansion or improvements.
• Alternative financing: Explore other financing options like crowdfunding, angel investors or government grants that may suit your business model.
Step 5: Monitor and adjust your plan
Financial planning is not a one-time task; it’s an ongoing process. Regularly monitor your performance against your budget and goals. Consider:
• Monthly reviews: Conduct monthly financial reviews to stay on track and adjust as needed. This allows you to detect any deviations and respond proactively.
• Quarterly adjustments: Every quarter, evaluate your position and adapt your plans to reflect economic conditions, performance changes and business objectives.
Planning for 2025 using 2024 financials is a proactive strategy that can position your business for success. By utilizing past performance data to set clear objectives, develop a structured budget, identify funding needs and actively monitor your progress, you can navigate the complexities of financial planning more effectively. This strategic approach not only prepares you for potential challenges but also empowers you to capitalize on opportunities as they arise in the current fiscal year.
Shalini Dharna is a CPA and Investment/Insurance Advisor at Dharna CPA Professional Corporation.
Practical steps to create a solid plan for the year ahead Family-friendly tips for financial planning
As we look toward 2025, many of us are feeling the weight of uncertain times. With so much happening in the economy and the world around us, it’s only natural to feel a bit anxious about the future. However, with a thoughtful approach to financial planning, families can tackle these challenges together while also nurturing everyone’s mental well-being. Here are five tips to help your family create a solid financial plan for the year ahead — because we can all benefit from a little extra support right now.
1. Have weekly money dates
One great way to keep your family engaged in financial discussions is to set aside time for weekly money dates. This is a wonderful chance for everyone to come together and talk about finances in a relaxed setting. Here’s how to make the most of these gatherings:
• Pick a regular time: Choose a day and time that suits everyone’s schedule. Treat it like a friendly family meeting that everyone looks forward to.
• Create a cozy environment: Whether it’s over a casual dinner or lounging with snacks, make the atmosphere comfortable and welcoming.
• Bring your financial documents: Have your budget, recent bills, and any financial goals handy. If you use budgeting apps, share them too; visuals can really help everyone understand where the family stands financially.
These money dates are not just about numbers — they’re about connection. They encourage open communication and ensure everyone feels included in family financial decisions.
2. Set shared financial goals
Collaborating on your family’s financial goals can be a fun and fulfilling experience. It brings everyone together and provides a clear path to follow. Here’s how to get started:
• Include everyone: Invite everyone in the family, including children, to share their thoughts on financial goals, whether it’s saving for a family vacation, getting new sports equipment, or planning for education.
• Prioritize together: Discuss which goals are most important and rank them based on what everyone feels is urgent or necessary.
• Break it down: Make your larger goals manageable by breaking them into smaller, bite-sized milestones. Celebrating these small victories can really boost morale. Try using visual aids so everyone can see how they are making progress towards the goals.
3. Craft a contingency plan
In uncertain times, having a plan for the unexpected can make all the difference. Here’s how you can create a financial safety net together:
• Build an emergency fund: Aim to save up three to six months of living expenses. Start small if you need to and gradually increase contributions as you can.
• Review your insurance: Take a look at your health, property and auto insurance policies. Making sure you have enough coverage can provide peace of mind.
• Discuss family roles: Talk about what everyone’s role would be in a financial emergency. Having clarity on these responsibilities can help everyone feel more secure.
4. Enhance financial literacy while caring for mental health
Let’s face it: Talking about finances can sometimes feel overwhelming. It’s important to keep conversations supportive and educational. Here are some suggestions:
• Learn together: Engage in fun activities that boost financial literacy as a family, such as exploring online resources, reading books, or even playing money-related games.
• Mindful conversations: Check in regularly on how everyone is feeling about financial discussions. Make sure to create a supportive space where family members can express their feelings and concerns.
• Manage stress: With so many messages about money coming from the media, it’s good to set limits. Find times to disconnect from financial news and focus on family time instead.
5. Stay flexible and embrace change
Life is full of surprises and the ability to adapt is invaluable. Here’s how to stay flexible with your financial plans:
• Check in regularly: Schedule times to review your family’s financial plans and goals. Life changes, and so can your financial situation, so regular check-ins can be very helpful.
• Encourage open dialogue: Make it a family norm to discuss financial wins and fails without fear of judgment. This openness can spark new ideas and foster resilience.
• Celebrate progress: Don’t forget to celebrate even the small successes! Recognizing milestones, like sticking to a budget for a month, can keep your spirits high.
Planning for 2025 as a family is an ongoing journey that requires open conversation, teamwork and a gentle approach to each other’s feelings. By using these friendly tips, you can navigate uncertain times with confidence and unity.
Shalini Dharna is a CPA and Investment/Insurance Advisor at Dharna CPA Professional Corporation.
WINNING ADVICE
Farahnaz Rezaei
Policy, research and evaluation analyst, Office of Immigration, Prince Edward Island
Be proud of the culture and values you bring to Canada’s vibrant mosaic. Success comes from embracing opportunities, building connections through collaboration and fostering unity in diversity. By focusing on service and uplifting others, we create more compassionate communities. Stay true to your passions, remain open to learning and let resilience and compassion guide your journey. Together, we can inspire change and build a brighter, more inclusive future for all.
City: Stratford, Prince Edward Island | Country of Origin: Iran
Noel Cunningham
Chef, cookbook
author
and culinary expert
For 2025, you want to assess importance and urgency. It’s wonderful that we are all eager to fulfill our aspirations and ambitions every year. However, being practical and setting priorities with intention are the only ways to accomplish those goals. Most of all, remember life is about progress, not perfection. Set your goals, track your progress, celebrate small wins, and stay open to new ideas, pivoting when necessary.
City: Toronto, Ontario | Country of origin: Jamaica
Shaheen Nanji
Executive director, SFU International
We are living in unprecedented times, where global events transcend borders and affect us all. As immigrants, our fluency in multiple cultures and systems uniquely positions us to bridge divides, foster understanding, and navigate complexities with nuance and adaptability. Be courageous, stay true to yourself while embracing your new home and prioritize well-being above all. Take time to connect with yourself and create moments of joy.
City: Port Moody, BC | Country of origin: Kenya
J Torres Writer
Community engagement is important whether it's through government programs, social groups, or even your local library. For starters, help is out there for new immigrants, whether it's to improve communication skills, connect with people, or learn what services and resources are available. Then, once you have your footing, you can give back to the community by welcoming others, sharing those resources and helping them adapt to the Canadian way of life just as you have.
City: Whitby, Ontario | Country of origin: Philippines
Top 25 Canadian Immigrants from 2024 share their thoughts, wisdom and some inspirational advice with you as we take on 2025!
Delasi Essien
Global nurse consultant and nurse educator
Over the years, I have kept a journal of things I would like to accomplish in my lifetime. This year, I plan to take inspired actions towards my goals and I encourage everyone to do the same. Setting goals allows you to identify pathways and opportunities to realize them. Next, set timelines for achieving those goals. Doing this will always keep your eye on the prize, even in the face of disappointments and detours. And finally, action those goals. Take on a growth mindset and surround yourself with people who will champion your success.
City: Regina, Saskatchewan | Country of origin: Ghana
Sevtap Savas
Patient advocate and professor
I wish that you are making 2025 and every year after that “Your best year ever”.
Let’s reflect on and celebrate the sacrifice, determination and resilience we have demonstrated in this beautiful country that was once foreign to us, and how uniquely we have been contributing to the Canadian communities, economy, arts, education, science, technology, business and more with our skills and labour as an immigrant or refugee. I am very proud of what we have achieved in Canada. Enjoy your best year ever.
City: St. John’s, Newfoundland and Labrador | Country of origin: Türkiye
Nisreen Baker Director and screenwriter
With the start of 2025, and the talk about the famous — or infamous — New Year resolutions, there is something I read a while ago that has stayed with me: “We are the sum of our daily habits”. Those daily habits therefore determine how we live and accordingly, our success. While adopting new habits might not be easy, I believe if we manage to turn it into a fun challenge, there is a great chance those habits will stick.
City: Edmonton, Alberta | Country of origin: Egypt
Sahib Singh Rana
Entrepreneur and Co-founder, Lazeez Shawarma
As we step into the new year, let’s embrace growth and resilience. This year, I’m focusing on turning challenges into opportunities and staying true to my values while pursuing success. For Canadian immigrants, remember that every step you take builds your story. Dream big, work hard and never forget the strength that brought you here. Together, we can create a legacy that inspires generations to come.
