Discover financial empowerment resources
Discover financial empowerment resources
Retirement planning is one of the most important cornerstones of Canadians' financial health. To further our mandate to strive for an effective and sustainable Canadian retirement income system, ACPM is committed to fostering greater financial literacy, and in particular, helping Canadians to...
ÉducÉpargne updated its retirement planning guide. The guide now provides information on sources of income to expect in retirement, how to calculate required savings and how to choose a professional (available in French...
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...
If you’re curious about Canadians experiences with buying crypto assets, you’ll want to read the results of the OSC’s Crypto Assets 2023. It provides insights into the evolution of Canadians’ crypto ownership and knowledge. Read the 2022 crypto survey results...
This article by Credit Canada helps determine whether it's better to save for the future or pay off existing debts. The "priority pyramid" is a method of visualizing your areas of financial focus from most important to least...
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...
Owning stocks means you own equity in a company. Stocks are traded on a stock exchange. Learn more about stocks and how they work by visiting the new...
The Canada Learning Bond is money available to children and youth born in 2004 or later from low and moderate income families. You can get up to $2000 from the Government of Canada by opening an Registered Education Savings Plan (RESP). You can access this money when you enroll in full-time or...
Investing offers a way to potentially grow your money in a different way from savings. Many common investments involve the stock market. Head to the Ontario Securities Commission website to learn more about how investing...
Crypto products are in news stories and in a lot of advertising. But what do Canadians really know about crypto investments and how they work and how they are regulated? The OSC’s Crypto Asset Survey provides useful insights about the crypto ownership and knowledge of Canadians. Key...
Take stock of your RRSP, annuities, benefits, and whether you want to rely on your home as a source of retirement...
All investments come with risk. Generally, the higher the potential return an investment offers, the higher the risk. But there is no guarantee higher risk investments will pay off with higher growth or dividends. That’s why it’s important to know how much risk you are comfortable with....
Whether you’re making a budget, finding money to save or invest, or deciding priorities during tight times, separating your spending “needs” from your “wants” can help. A “need” is something you must spend money on in order to get by. For most people this would include rent...
Saving is an important part of financial well-being. Saving money helps you manage short-term needs such as day-to-day spending. It protects you and your family during emergencies. It is the key to reaching your future hopes and dreams. Maybe you are recovering from a hard time financially and...
People save for different reasons. For instance, you may want to save for emergencies, or for your children’s education, or for your old age. Having goals for your savings helps to keep you motivated. You sleep better knowing you have some money set aside. Saving accounts earn interest. That...
Confused about whether to contribute to an RRSP or TFSA? Both offer tax advantages to help you reach your savings goals. If you need to choose between the two, you can learn about the differences in this article by the Ontario Securities Commission...
Use this calculator by the Ontario Securities Commission to estimate your positive or negative monthly cash...
The Angus Reid institute reported from a recent study that 50% of Canadians couldn’t manage an unexpected expense of $1000 or more. In the same study, when Albertans were asked what they would do with a surprise bonus or gift of $5000, 46% said they would use it to pay down debt. Only 41% said...
Saving for your child’s education can be difficult, especially if you are trying to save for multiple goals or pay down debt at the same time. The federal government offers contributions to your child’s Registered Education Savings Program (RESP) through its grant programs: the Canada...
Use this calculator to see how changes to your spending habits can impact your budget and help you save more of your...
It pays to make saving a habit. Look for easy ways to build saving into your life and to make it...
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...
Daily aspects of Canadians' lives are increasingly touched by digital technology, and access to high-speed Internet has become an essential service and a key driver for improving our economic and social well-being. The Government of Canada originally announced Connecting Families in Budget 2017 to...