Discover financial empowerment resources
Discover financial empowerment resources
After you file your tax return, Canada Revenue Agency processes it. It will issue you a refund or charge you for taxes owing, depending on the result of your return. While many returns are processed without a review, sometimes your tax return may be reviewed or audited. The Ontario Securities...
Every year, scammers take advantage of income tax filing season to try to trick Canadians into divulging sensitive personal information that scammers can use to commit fraud or into sending money to pay off fictitious "debts". How to spot most tax season scams There are often red flags that the...
If you’re saving for a goal in the near future and you’ll need to access the money within a year or two, chances are that’s a short-term goal. Whether it’s for a wedding, a dream vacation, or a new appliance for your home, if it’s something you’re unable to pay for right away then...
The benefits of spring cleaning can extend beyond your home. Your investment portfolio needs regular maintenance to maximize its performance. A good habit is to regularly review your investment portfolio throughout the year to make sure it aligns with your financial needs. Click on "Access...
Whether it’s a job loss, a significant decline on your investments, or a large, unexpected expense, everyone faces financial setbacks. If it happens to you, saving money may be the last thing on your mind. These 4 steps can help get you back on track — and back to saving money — more...
A deepfake, as the name suggests, uses artificial intelligence to create highly realistic images or sound clips of fake events. Deepfake technology is now being used to distort your perception of reality in order to deceive you. Click 'Access this resource' to learn more. Disponible en...
The Ontario Securities Commission (OSC) has a dedicated website for Fraud Prevention Month. Learn more by clicking on "Access this resource"...
This year marks the 20th anniversary of Fraud Prevention Month. The theme of this year’s campaign is “20 years of fighting fraud: From then to now. With this theme, we’ll be exploring how certain frauds have evolved with the rise of the digital age, drawing insightful comparisons between the...
Investment scams often involve convincing you to put up money for a questionable investment – or one that doesn’t exist at all. In most cases, you’ll lose some or all of your money. There are many ways fraudsters can approach you. The digital era has allowed new kinds of scams as well as more...
The Government of Canada has put together statistics highlighting sociodemographic diversity, educational attainment, labour market participation and business ownership and income and inequality for Black History...
Fast facts: More than 99 per cent of Canadians have a bank account 31 per cent of Canadians say they pay no service fees at all and another 45 per cent pay $15 or less per month Canadians are careful borrowers. Only 0.17 per cent of mortgages are in arrears Access this resource to read...
The report presents a summary of CDSP annual statistics up to the end of 2022. These include the RDSP take-up rates, the number of RDSP beneficiaries, and the values of CDSB, CDSG, contributions, and total assets. Starting in 2024, the program will release comprehensive CDSP statistics on an annual...
Scammers continue to take advantage of people anxious about finding a new job by perpetuating scams with phony employment offers or by involving job seekers in a money laundering operation . Read this article by the Canadian Banker's Association to learn how to spot common red flags of an...
QR codes are a popular way to offer access to information by scanning the now familiar black and white code with your mobile phone. But not all QR codes are safe to scan. Scammers are taking advantage of the widespread use of QR codes to launch new versions of old scams. Learn more on the...
This is a custom report produced by Statistics Canada in collaboration with the Assembly of First Nations. It includes key social and economic statistics regarding Status First Nations people living on and off reserve and includes comparisons with the non-Indigenous...
Food Banks Canada's all-new Poverty Report Cards initiative grades how poverty reduction efforts are going in the provincial, territorial, and federal governments. The report cards will help policymakers and decision-makers at all levels of government gauge their performance in the fight against...
Drawing on survey and interview data, as well as data from Daily Bread and North York Harvest’s member agencies, the 2022 Who’s Hungry report examines trends in food bank use and food insecurity over the past year in relation to three core areas: income and employment, housing, and the cost of...
Did you know Canadians have the highest level of household debt in the G7? While debt can be useful it can also be stressful. Consider trying some solid strategies to help you tackle your debt and get on firmer financial...
A credit card allows you to borrow a pre-approved amount of money. It may help you pay for goods and services. When using a credit card, you must pay your minimum payment by the due date. If you don’t pay your balance in full, your credit card issuer usually charges an interest fee. Credit card...
Take stock of your RRSP, annuities, benefits, and whether you want to rely on your home as a source of retirement...
The Ontario Securities Commission (OSC) has shared three tax credits seniors should know about: Age amount Disability amount (for yourself) Pension income amount You may also learn more about sharing tax credits and splitting pension income with your...
Digital literacy skills have become essential. Computers and other digital devices are increasingly part of everyday life; they’ve changed how we do things, and they’re going to keep changing how we do things. To keep up, we need to keep learning so that we can continue to thrive at home, at...
There are many reasons why someone might be struggling financially. Job loss, health challenges, or a sudden financial emergency could cause hardship, preventing someone from staying afloat. In times like these, it’s not uncommon for someone to ask for help from friends or family. Before agreeing...
There are many good reasons to keep up to date on your tax filing each year. You may file a tax return even if you don’t have any income. It could help you access certain refundable tax credits and other...
The CRA has compiled benefits and credits factsheets for: Students Persons with disabilities Modest income individuals Housing insecure individuals Adults 65 and older Women in shelters Indigenous peoples Newcomers These are available in English and...