Some say money talks, but many people feel uncomfortable talking about money. However, talking openly about your finances with people you trust can be an important step in reaching your goals. It may be tough to talk about money with close family and friends, but it can be helpful. To break the...

In partnership, Daily Bread Food Bank and North York Harvest Food Bank have released Who’s Hungry 2024 – an annual profile of poverty and food insecurity in the City of Toronto.   In the last year, there were 3.49 million client visits to Toronto food banks – nearly 1 million more visits...

Understanding Technology-Facilitated Economic Abuse: This form of abuse arises when digital tools are misappropriated to monitor, control, or sabotage an individual's finances. It can take many forms, including tracking online banking, identity theft, restricting account access, and even utilizing...

The executive summary on the progress of Opportunity for All- Canada's First Poverty Reduction Strategy identifies the availability and affordability of safe and suitable housing, the ever-increasing cost of feeding one's family, the long hours and low wages of work to barely keep your head above...

Credit unions offer many of the same services as a bank such as cash deposits, investments, mortgages and more. The moment you become a credit union member and make a deposit, your insurable deposits are protected. FSRA, through the Deposit Insurance Reserve Fund (DIRF), provides coverage of...

If you are looking to work with a loan and trust company for deposits or loans, FSRA is responsible for registering all federally incorporated loan and trust companies that do business in Ontario. They enforce the Loan and Trust Corporations Act that govern loan and trust companies. See FSRA's...

One of the core strategic priorities identified in FAIR Canada's 2023 -2028 Strategic Plan was to conduct and share research that provides deeper perspectives directly from individual investors about key policy matters that have an impact on them. As part of this effort, FAIR Canada commissioned an...

In 2023, 22.9% of people in the ten provinces lived in a food-insecure household. That amounts to 8.7 million people, including 2.1 million children, living in households that struggled to afford the food they need. With another year of rising food insecurity, the percentage of people affected is...

Among the truly urgent crises facing the United States is widespread household financial insecurity. A stunning 51% of U.S. households have expenses that are at least equal to—if not greater than—their income, and 55% lack the necessary savings to weather a simultaneous income drop and expense...

Enrolling in post-secondary education can be expensive. The Registered Education Savings Plan (RESP) is a dedicated savings plan designed to help you save for a child’s education after high school. Learn more about how RESPs work, the types of RESPs, and the fees involved by heading over to the...

A new OSC behavioural science experiment reveals Canadians are equally open to investment suggestions from AI systems and human advisors. As the use of AI increases, understanding the role of AI in supporting retail investor decision-making is important. While AI presents a range of opportunities...

Fraudsters are master manipulators who leverage relationships to build trust and exploit you financially. Technology makes it easy to become a victim as bad actors can, pretend to be someone you know online, or use artificial intelligence to trick you. According to data from the Canadian Anti-Fraud...

In recent years, social media has become a powerful platform for sharing information. A way to discover new products and lifestyle hacks, everything from gaming to fitness, meal prep, or even finance can be the niche of an online influencer. In today’s digital age, especially post-pandemic, there...

Almost all participants (Canadians and community-based organisations (CBOs)) voiced support for the idea of automatic enrolment because it would improve access to the benefit by streamlining the enrolment process for all eligible recipients. As eligible youth are from families experiencing low...

When fraudsters invest time to get as much of your money as possible it’s called “pig butchering”. Just as a farm animal is fattened up before being sold to market, pig butchering scammers take a long-haul approach to get what they want from victims. Find out more about these scams and how...

Interpreting the data: Key takeaways from Welfare in Canada, 2023. For nearly 40 years, the annual Welfare in Canada series and its predecessors have documented the depth of poverty that persists for people receiving social assistance. The 2023 edition builds on this work to provide a...

On August 5, 2024, FCAC relaunched its national, multi-media advertising campaign titled “Housing Costs on Your Mind?”. The campaign promotes FCAC’s tools and resources related to renting, buying a home and owning a home with a mortgage. The campaign runs until...

Accessing online and mobile financial and investment services has become a standard for many Canadians. Cybercriminals from around the globe seek to take advantage of this trend while staying largely anonymous. Even the most savvy and experienced investors must be vigilant to safeguard their...

When fraudsters invest time to get as much of your money as possible it’s called “pig butchering”. Just as a farm animal is fattened up before being sold to market, pig butchering scammers take a long-haul approach to get what they want from victims. Find out more about these scams and how...

Burnout can happen for many reasons, including being overworked. Dealing with stress can cause problems for your physical and mental health, and your finances. If you’re over-spending or making spontaneous decisions about money to cope with stress, you might be putting your long-term financial...

Savings are one of the strongest predictors of household financial resilience and well-being, yet Canadian households struggle to save due to an array of economic, behavioural and institutional factors. The Financial Consumer Agency of Canada (FCAC) created the National Financial Literacy...

The Welfare in Canada reports look at the total incomes available to those relying on social assistance (often called “welfare”), taking into account tax credits and other benefits along with social assistance itself. The reports look at four different household types for each province and...

The Behavioural Insights Team, in conjunction with Fair4All Finance, have worked with three community finance providers to launch a new customer engagement support guide to better improve customer engagement using insights from behavioural science. Building on our work with three lenders, this...

A government designs a great service or program to support its residents. Although many people qualify, the program receives just a few applications. How can we increase uptake? This is a common question the Behavioral Insights Team (BIT) has helped governments answer across many policy...

This groundbreaking initiative is aimed at transforming emergency shelter services across Canada to better uphold the rights of women and gender-diverse people. Emergency shelters play a critical role in providing immediate support, but they are often overwhelmed and under-resourced. In response...