Discover financial empowerment resources
Discover financial empowerment resources
The Organisation for Economic Co-operation and Development (OECD) is an international organisation establishes evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. The OECD/INFE Toolkit includes a financial literacy questionnaire...
Trauma and violence are highly prevalent and have serious impacts on health and well-being. Being aware of how trauma and violence can present during service interactions can improve their effectiveness and client and provider satisfaction and well-being. Financial literacy educators are...
Longevity literacy is an understanding of how long people tend to live upon reaching retirement age. It is particularly important since retirement income security requires planning, saving, and preparing for a period that is uncertain in length. This matters because longevity literacy is...
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...
Have you ever made an impulsive purchase? Do you struggle to stick to a diet or exercise routine? What’s the longest you have gone in keeping your New Year’s resolutions? The field of behavioural insights tells us that we have an innate desire to live for today at the expense of tomorrow....
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...
The Ontario Securities Commission (OSC) has launched Investing Academy by GetSmarterAboutMoney.ca as part of Financial Literacy Month. Learn the basics about investing, managing your money, and planning for the future. The courses are available in English or French, and include learning activities,...
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...
Inflation tells us how much prices have changed year-over-year. It’s noticeable in the cost of everyday things, for example the price of a candy bar today compared to 20 years ago. Over time, increases in inflation tend to be offset by increases in wages, since inflation and wages both tend to...
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...
There are rules about how much money a person living on Ontario Works can receive in gifts or “voluntary payments”. Generally, a person living on Ontario Works can receive gifts up to a maximum of $10,000 in a 12-month period. There are rules around reporting gifts, and decisions on how to...
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 collaborative project with provinces to integrate economic, financial and enterprise education into the compulsory school curriculum. See the Building Futures in Manitoba, the Building Futures in Ontario and the new Building Futures in Alberta web sites for more information on these programs and...
Community organizations play a vital role in supporting people. In these difficult economic times, helping community members strengthen their financial literacy and build their financial resilience is essential for helping them to navigate financial challenges. Building on Financial Consumer...
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...
This presentation at the Canadian Economics Association by Professor Annamaria Lusardi, looks at how we measure financial literacy, how we measure the impact of financial literacy on behaviour, how this data and these findings may be used to design policy and programs and what the implications for...
The banking industry has long recognized that it has a role to play strengthening the financial literacy skills of all Canadians. That’s why the CBA administers Your Money Seniors, a free, non-commercial seminar program developed in collaboration with the Financial Consumer Agency of Canada...
There are many effective, award-winning financial literacy programs in Canada. However, many of these programs do not meet the needs of women living on low incomes. Families Canada’s national research study identified 14 social, economic, and institutional barriers that prevent women living on...
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...
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...
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...