Discover financial empowerment resources
Discover financial empowerment resources
Compound interest, also known as compounding, is a financial concept that can turn small investments into large sums over time. Unlike simple interest, which is calculated only on the first amount of money invested, compound interest takes into account both the principal (first deposit) and the...
In the scope of personal finance, individuals often struggle with the decision of whether to pay down debt they’ve accumulated or allocate funds towards investments that will grow for the future. Either choice can make sense, depending on the situation and each individual’s stage of life. In...
Like many people, you may find an advisor through a friend or family member, through internet searches, or advertisements or you may be assigned an advisor by a financial institution. However, finding an advisor is only a first step. This information below will help you determine whether an advisor...
Investing your hard-earned money is a significant financial step. Whether you are new to investing or a seasoned pro, it’s crucial to understand and defend your rights as an investor. If you are investing through a firm regulated by CIRO there are a range of protections and rights to ensure...
Tips on how to read you investment account...
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...
Here are some basic rules to keep in mind before you start on your investing...
When you invest, it is important to understand fees and costs. Fees are typically charged by investment firms or registered investment advisors to cover costs associated with administering investment products, operating your account, making transactions on your behalf or providing...
There are many ways to invest. Your choices will depend on your goals, your timeline and your willingness and ability to accept risk. It’s important to know some basics. Investing puts your money to work to achieve your financial goals. One way is to earn interest on a sum of money you invest....
This CRA site has information on what Indigenous Peoples should know about the tax return they send to the Canada Revenue Agency (CRA), and how that return can result in various benefit payments. There's also information on available tax filing...
Statistics Canada has updated preliminary estimates of the Indigenous economy, defined as gross domestic income (GDI) earned by Indigenous workers and Indigenous-led businesses (where 50% +1 of the owners identify as Indigenous), along with data on jobs held by Indigenous people. This latest...
AFN's 2023 Annual Report gives a high level review of their work last year. For 19 years, AFN has provided a forum for grantmakers and financial institutions to connect, collaborate, and collectively invest in helping more people achieve economic security. This report reflects our work over the...
Sustained investment in Native American small business development is imperative to a philanthropic agenda focused on economic justice. Philanthropy centers justice and expedites the growth of Native American wealth building by channeling grant dollars and impact investments toward the ecosystems...
Despite the fact the story is three years old, it made the rounds online again, and it's also still valid. Indigenous women are starting new businesses at twice the rate as Indigenous men, but they face significant barriers to accessing funding. This is something that hurts everyone -...
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...
As life expectancy in the U.S. increases, older adults will comprise a larger share of the population than ever before. At the same time, older adults will play an increasingly important role in the U.S. economy. Their contributions through consumption, labor, and unpaid activities—such as...
Wealth inequality, health and health equity is one in a series of ongoing think pieces from Wellesley Institute that aim to stimulate ideas and new conversations to create a fairer and healthier tomorrow. Canadians are struggling with the rising cost of living. A national survey in November 2023...
While available research indicates that gender-diverse persons experience intersecting challenges to accessing adequate housing in Canada, there has been limited human rights analysis of this group’s experiences. Available research indicates that trans and gender-diverse persons experience...
This handbook from Money Mentors Alberta outlines the steps to rebuild your...
This 60-minute webinar for frontline practitioners, social service providers, and funders shares insights from a two-year project designed to help build financial wellness in isolated and rural First Nation communities in Manitoba and Ontario. Partnerships between First Nation communities and...
One of the goals of The Money and Pensions Service (MaPS) is to provide better debt advice. While debt advice is available in many different forms, many people who could benefit from debt advice do not seek help. In this study, we sought to better understand the barriers and drivers to people...
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...
Looking to give your credit score a lift? Credit Canada can show you how to obtain your credit score, what it means, and how to get it into better shape. Click on "Access this resource" to learn...
Many people living in First Nations communities do not have access to housing that is safe and in good condition—a fundamental human right. Improving housing for First Nations is vital for their physical, mental, and economic health and well-being. This is the fourth time since 2003 that we...