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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

A poll by Ipsos for Toronto-Dominion Bank reveals that almost 40 per cent of Canadians have seen their income fluctuate, including 3.3 million with income changes of up to 25 per cent.

The situation is stressful and leads to lower financial confidence, the lender found with those affected almost twice as likely to show low financial health.

Those who are part-time, self-employed, seasonal workers or unemployed are most likely to have volatility in their income; younger Canadians, especially women, and those on lower incomes are also more susceptible.

Irregular hourly pay is the top reason for income fluctuation followed by multiple sources of irregular income and self-employment.