The , according to Statistics Canada, and more students are scrambling for ways to afford the increased cost.
Most Canadian students get to take the summer off, which gives them ample opportunity to earn money working a side job.
The quicker you can get your student loans paid off, the more money you鈥檒l be able to earn in the future.
Here are some of the best-paying side jobs that provide an excellent opportunity for post-secondary students to earn a side income while still keeping up with their studies.
1. Bartender or server
If you live in a mid to large-sized city in Canada, you can earn a decent living as a bartender or server working for a restaurant. According to Indeed,
There is a much higher-earning potential after tips are factored in. The amount you can earn from tips will vary greatly depending on where you work. If you don鈥檛 mind working late nights, bartending can be a very high-paying side hustle.
If you鈥檙e under the legal drinking age of your province or don鈥檛 like the idea of working night shifts, then picking up a side job as a restaurant server is another great opportunity. You鈥檒l primarily be responsible for greeting new tables, selling them on the restaurant鈥檚 specials, and ensuring they have a great experience inside the restaurant.
2. Online freelance services
If you don鈥檛 mind working on a computer all day, you can find plenty of high-paying 鈥済ig work鈥 opportunities online. Some of the more popular freelance opportunities include:
If you鈥檙e a good writer, photo/video editor, or possess an innate sense of marketing, then all of these could be good opportunities to see if you can earn money from your skills. Once you earn your degree, you can take any one of these professions and pursue them even further, possibly even turning them into a full-time online business.
Freelance work is an excellent way for students to earn side money as there are no long-term commitments, and the experience will teach you valuable networking skills that you鈥檒l be able to take with you throughout your life.
3. Rideshare driver
If you have a newer vehicle (2014 to present) with four doors, you could earn up to as a rideshare driver, according to Indeed. Uber is, by far, the most popular service in Canada. However, Lyft follows closely behind and is even more popular in certain regions.
Many rideshare drivers opt to drive for both Uber and Lyft, as each service allows drivers to clock in and out whenever they want to.
Both services offer peak pay during busy hours (usually lunchtime, dinnertime, and weekend nights) and extra compensation for dealing with messes or delayed riders.
4. Food delivery
Delivering meals for services such as DoorDash, UberEats, or SkipTheDishes can earn you up to , according to Indeed. If you want to earn at a higher rate, then I suggest working during busy food-ordering hours, such as lunch (11am to 1pm) or dinner (6pm to 9pm).
As a driver, you鈥檒l earn a base delivery fee along with tips from your individual customers.
5. Virtual secretary
Some worked primarily online between July 2020 and June 2021, according to StatCan. As more Canadian businesses shift towards an online business model, there are more opportunities to work online than ever before. One of the easiest positions you can get is working as a virtual secretary or a virtual assistant.
This position could find you working for a variety of different industries, including (but not limited to):
You鈥檒l learn valuable on-the-job skills, making this a great way to build your resume.
6. Work with a moving company
According to Indeed, movers earn between $18 and $20 per hour (sometimes more). Moving is hard work, though, so you can expect to earn a bit extra compared to other side jobs for students. It鈥檚 a more flexible job than something such as a cashier, as moving is a one-off job most of the time so you can pick and choose when you want to work.
Moving jobs often involve spending several hours a day walking up and down stairs with heavy boxes and furniture and then doing the same thing again once you get to the client鈥檚 new home.
If you鈥檙e looking to pack on some muscle, don鈥檛 mind hard work, and like the idea of earning extra tips on top of your hourly income, then working for a moving company can be a great side job for Canadian students.
Final thoughts
As a student, your primary job should be to get the best grades you can and learn everything possible about the industry you鈥檙e about to enter. However, I always encourage my readers to earn extra income during their summers, time off, or holidays.
Having a side job with flexible hours will not only allow you to focus on your studies but also give you valuable real-life experience and put some extra cash in your pocket.
Christopher Liew is a CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers on his .
Do you have a question, tip or story idea about personal finance? Please email us at dotcom@bellmedia.ca.
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