The “Singles Tax”: How Being Single Impacts Your Money in Canada with Renée Sylvester Williams

Описание: When you’re part of a couple, money often stretches further. Housing costs are shared, taxes can be more favourable, and there’s someone to plan with and lean on when financial stress hits. But what happens when you’re single, by choice or circumstance, in a system largely designed for couples?

In this episode of Moolala: Money Made Simple, Bruce Sellery is joined by financial journalist Renée Sylvestre-Williams, author of The Singles Tax: No-Nonsense Financial Advice for Solo Earners. Renée breaks down what the “singles tax” really means and why single Canadians often pay more for housing, travel, retirement planning, and even peace of mind.

They explore real-world examples of the singles tax, from higher per-person housing costs to missing out on spousal benefits and income-splitting opportunities. Renée explains why building a strong financial “team”, including advisors, legal professionals, and trusted contacts, is especially important when you’re managing money solo.

The conversation also tackles big-ticket concerns like housing affordability for single earners, budgeting on one income, and retirement anxiety, even for high-net-worth individuals. They discuss how Canada’s tax system is evolving, the financial pros and cons of solo travel, and why estate planning and wills look different when you don’t have a spouse.

Whether you’re single now or simply want to understand the financial realities solo earners face, this episode offers practical, empowering advice to help you plan confidently on your own terms.

Listen to more Moolala episodes:

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