Living your retirement

These resources from the Ontario Securities Commission are oriented towards planning for retirement. Resources include tips on insurance planning, government benefits, RRSP calculator, and more. 

Get Smarter About Money: Financial Literacy 101 videos

GetSmarterAboutMoney.ca is an Ontario Securities Commission (OSC) website that provides unbiased and independent financial tools to help you make better financial decisions. This series of videos covers different financial literacy topics., including:

  • What is an RRSP?
  • What is a TFSA?
  • What is a mutual fund?
  • Why open an RRSP?
  • What is an RESP?

 



Investing and The COVID-19 Pandemic: Survey of Canadian Investors

The Investor Office conducted this study to further our understanding of the experiences and behaviours of retail investors during the COVID-19 Pandemic. The study explored several topics including the financial preparedness, savings behaviour, financial situations, changing preference, and trading activity of retail investors. Key findings include that 32 per cent of investors have experienced a decline in their financial situation during the pandemic while 16 per cent have experienced an improvement. Half of investors have not done any trading during the pandemic, but of those who have been trading, 63 per cent have increased their holdings.



COVID-19 Fraud Alerts

GetSmarterAboutMoney.ca is an Ontario Securities Commission (OSC) website that provides unbiased and independent financial tools to help you make better financial decisions. This series of videos increases awareness of fraudulent activity during COVID-19. Topic include:

  • Pump-and-dump scams
  • Fake government messages
  • Warnings about your finances
  • Work from home scams
  • Signs of investment fraud
  • Quick high-return schemes



Behavioural insights: key concepts, applications and regulatory considerations

There are numerous factors that influence the decisions that people make. Behavioural insights (BI) recognizes this and, through a combination of psychology, economic and more recently other behavioural research, examines how people are often neither deliberate nor rational in their decisions in the way that traditional models, strategies and policies assume.

Behavioural insights recognize how people actually behave versus traditional economic and market theory of people as rational actors. This report discusses how leading practitioners and regulators around the world are using behavioural insights to address issues in capital markets and improve outcomes for investors and market participants.



Encouraging Retirement Planning through Behavioural Insights

This research report identifies behaviourally informed ways that government, regulators, employers, and financial institutions can encourage retirement planning.

Thirty different initiatives and tactics that could be implemented by a variety of stakeholders to encourage retirement planning are proposed, and interventions are organized around four primary challenges people face in moving from having the intention to create a retirement plan to the action of making a plan: (1) it’s hard to start, (2) it’s easy to put off, (3) it’s easy to get overwhelmed and drop out, and (4) it’s hard to get the right advice.

 

The report also includes the results of a randomized experiment that evaluated several of the approaches proposed in the report. This report was published as part of the Ontario Securities Commission’s strategy and action plan to respond to the needs and priorities of Ontario seniors.



Emergency Fund Calculator

Some emergencies in life can affect you financially. You could get sick, lose your job, or have a costly repair to your car or home. An emergency fund can provide a financial safety net. Use this calculator to estimate how much money should be set aside to pay for financial emergencies.



Compound Interest Calculator

Use this calculator from GetSmarterAboutMoney.ca to find out how your investment will grow over time, with compound interest. 



RRSP Savings Calculator

Use this tool to estimate how much your registered retirement savings plan (RRSP) will be worth at retirement and how much income it will provide each year.



TFSA Calculator

This calculator will help you estimate the value of the investments in your TFSA when you’re ready to withdraw them, and compare this amount to the value of your investments in a non-registered plan to see your overall estimated tax savings.



Registered Education Savings Plan (RESP) Checklist

Retirement Ramp-Up

Saving for your child’s education. Get the facts about RESPs before you invest

Savings crisis: 20 years in the making

Youthonomics: financial literacy in high school