Discover financial empowerment resources
Discover financial empowerment resources
FAIR Canada engaged The Strategic Counsel (TSC), a national market research firm, to undertake focus groups to better understand Canadian investors. The overall purpose of this research is to provide a broad portrait of Canadian investors including their knowledge, attitudes, behaviours, and...
Practically everyone today seems to have some form of debt. Whether that’s from student loans or credit cards, debt is a huge issue for Canadians—one that we could all use a little help to get out of. To gain some relief, people all over the world have turned to side hustles and the “gig...
With the holidays now behind us, it’s time to focus on what’s ahead: a fresh year full of possibilities. Many individuals have popular New Year’s resolutions involving better nutrition, weight loss and work-life balance. Yet others decide that now is the time to focus on enhancing their...
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 study examined the financial lives of retired Canadians and those approaching retirement. While most retired Canadians said they are in a strong financial position, a concerning 15% of retirees rated their financial situation as poor. Almost one third of retirees reported their monthly...
Tax-free savings accounts (TFSAs) are designed to help Canadians save more. This comprehensive resource page by the Ontario Securities Commission will help you learn more about TFSAs, what the annual contribution limits are, how to make transfers between TFSAs and the penalties for breaking...
In time for Financial Literacy Month, the Financial Consumer Agency of Canada has released several resources on their website. Checking up on your progress in managing and paying down debt is an important part of maintaining your overall financial health. This infographic outlines how to...
This free new course for newcomers consists of 4 short modules that should take 10-15 minutes each to complete. Each module includes short case studies, mini quizzes and other interactive elements. The topics for each module are: Essentials of credit in Canada How to build your credit...
This article by the Ontario Securities Commission outlines what volatility is, how it may affect your returns on investment and 4 ways to deal with market...
It's never too early or too late to learn about your retirement options and plan for your future. Using the Government of Canada's newly launched Retirement Hub, find out about public pensions, when to collect them and tips to consider for your retirement income. Get started using their...
The weekly themes for Financial Literacy Month 2023 are: Week 1 (November 1-4): Get the pulse on your financial health – What is financial health and why is it important? Week 2 (November 5-11): Check up on your debt – Check up on your progress in managing and paying down debt. Week 3...
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...
ABC Life Literacy Canada has unveiled the newest workbook from its HSBC Family Literacy First program, supported by HSBC Bank Canada. The workbook, entitled “Chug-a Chug-a Choo Choose”, includes a story and four new activities that teach children how to compare costs and identify needs and...
World Elder Abuse Awareness Day takes place each year on June 15th and is a good opportunity to remind ourselves, friends and family about the importance of recognizing the signs of financial abuse and taking preventative measures. Older adults are often the target of financial abuse, but anyone...
Families Canada’s report Financial Empowerment for Women Living on Low Incomes: An Action Plan shares 20 calls to action for adapting financial literacy programming to better support women living on low incomes. To help fulfill some of the calls to action outlined in the report, they’ve just...
Teachers may incorporate two gamified financial literacy courses that are currently freely available into their lessons. Students can now access two age-appropriate courses designed to help boost students' financial knowledge and confidence at any stage of their financial journey. Course...
Banks offer extensive information on how newcomers to Canada can get started in their new country, including checklists, information, financial services and advice. Here is some basic information to get you started. A list of bank resources at the end of this article may also help with the...
The forced transition from in-person to online activities as a result of the COVID-19 pandemic has had a profound impact on how families and communities buy groceries, acquire medical care, and utilize social services. This rapid shift has raised important questions about how to address access and...
The Ontario Securities Commission (OSC) published the results of a survey assessing Canadian investors’ financial literacy. As individuals take on more responsibility for their own investing, it is essential that they have enough financial knowledge to effectively participate in Canada’s...
Are you considering investing in crypto assets, but aren’t sure whether it’s right for you, legal or just a scam? Test your crypto knowledge and learn how to spot the warning signs of fraud using OSC's...
Most people know a little about investing, but they need to know more to be able to manage their investments to meet their goals. Try this quiz by the FCAC to see if your knowledge is basic or more...
Before you start investing, it is important to consider your budget and financial goals, and how much risk you are comfortable taking on. Like many things in life, investing comes with its own share of risks and rewards. You can do this on your own or with the help of an...
The Standard & Poor's Ratings Services Global Financial Literacy Survey is the world’s largest, most comprehensive global measurement of financial literacy. It probes knowledge of four basic financial concepts: risk diversification, inflation, numeracy, and interest compounding. The survey...
For a family living in poverty, every day is about making tough choices – to pay rent or buy groceries? Having the means to attain the basic necessities, is one thing. Having the skills, confidence and access to resources to manage finances in ways that build pathways out of poverty is something...