Is the rise in tip requests here to stay? This financial expert thinks so

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 99%

Canada Headlines News

Canada Latest News,Canada Headlines

In recent years, Canadians have witnessed a subtle but significant shift in the number of businesses requesting tips, as more establishments ask for gratuities. In a column for CTVNews.ca, personal finance contributor Christopher Liew looks at how to adapt to this new tipping culture, and whether the rise in tip requests is here to stay.

In recent years, Canadians have witnessed a subtle but significant shift in the number of businesses requesting tips. Following COVID-19-related lockdowns, as restaurants and other public spaces reopened, many have said theyThe surge in tipping prompts may also disrupt the delicate balance some customers must strike between showing appreciation for a service and maintaining their budget.

, explaining that staff members don’t argue over how tips are split and customers aren’t surprised when they receive their bills.While those on the receiving end of gratuities see an obvious benefit, the increase in tip requests could put customers in an awkward position. Those who may have only been used to tipping waiters and bartenders during a night out are now being asked to tip for their morning coffee, afternoon lunch, and more.

In the short term, the increase in tip requests could be positive, allowing hard-working waiters, valets, cleaners, baristas, and other service providers to take home more money.Tensions could form between customers and the businesses they frequent, causing them to visit these establishments less often, which could negatively impact the workers who rely on regular customers and their tips to make ends meet.

Christopher Liew is a CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers on his Bell Media signs deal to buy Canadian business of Outfront Media for $410 millionBusiness groups call on Ottawa to intervene as St.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadians in action: Davies, Bayern win as rumours swirlWith rumours swirling about his future, Alphonso Davies and Bayern picked up three points. Plus, Alistair Johnston and Celtic continued to roll and Christine Sinclair, the greatest Canadian footballer of all-time announced her retirement plans. Here's a look at Canadians in action over the weekend.
Source: TSN_Sports - 🏆 80. / 51 Read more »

More Canadians struggling with monthly mortgage payment: Angus Reid surveyTORONTO — A new study says the number of Canadians struggling with their monthly mortgage payment is on the rise, along with worries of potentially higher payments when it comes time to renew with their bank.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Toronto Argonauts sign Canadians Ungerer, Hagerty to contract extensionsTORONTO — The Toronto Argonauts signed receiver David Ungerer II and defensive back Josh Hagerty to contract extensions Monday. Ungerer and Haggerty are both Canadians. Ungerer's deal covers two seasons while Haggerty's extension is for one year.
Source: SooToday - 🏆 8. / 85 Read more »

Joly imploring Canadians in Lebanon to get out, won't say who might cover evacuation costsForeign Affairs Minister Melanie Joly is imploring Canadians that are in Lebanon to heed the government's now week-long warning to come home and won't say if Canada is prepared to airlift citizens out at the government's expense.
Source: CTVNews - 🏆 1. / 99 Read more »

Toronto Argonauts sign Canadians Ungerer, Hagerty to contract extensionsTORONTO — The Toronto Argonauts signed receiver David Ungerer II and defensive back Josh Hagerty to contract extensions Monday. Ungerer and Haggerty are both Canadians. Ungerer's deal covers two seasons while Haggerty's extension is for one year.
Source: PGCitizen - 🏆 65. / 51 Read more »

EVs are getting easier to find — but with price tags out of reach for many CanadiansCanada's electric vehicle market keeps getting bigger, but that's not necessarily good news for consumers — or the environment.
Source: PGCitizen - 🏆 65. / 51 Read more »