Discover financial empowerment resources
Discover financial empowerment resources
As people in Canada navigate the impacts of a challenging economic environment that includes inflation, the rising cost of living, record debt levels, and high levels of income volatility, we’re seeing a greater connection between financial and emotional wellbeing. With these external factors...
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...
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...
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...
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...
Between the high cost of living and inflation, many of us are struggling with debt. But with financial advice available everywhere - from your uncle’s friend to social media influencers, it can be easy to feel overwhelmed and hard to know whose advice you can trust. Learning some key warning...
The Office of the Superintendent of Bankruptcy (OSB) is continuing its efforts to help Canadians experiencing serious financial difficulties find the right debt solution. These efforts include increasing consumer awareness about the unregulated Debt Advisory Marketplace and helping consumers...
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...
Managing money is challenging. In the current economic environment, it has become even more difficult. For people living on a low-income, managing the day-to-day expenses, let alone life changes or emergencies, can be overwhelming. Prosper Canada has created an online course that you can share...
The average Canadian tax return amount in 2023 is $2,072 and that money can go a long way when it comes to meeting your financial goals. But remember, this isn’t a cash windfall; it’s YOUR money that the government borrowed from you, so Credit Canada recommends using it for needs versus...
A comprehensive learning program that provides basic information and tools to help adults manage their personal finances and gain the confidence they need to make better financial decisions. Learn more about the program and how to use the learning...
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...
Managing your finances means finding the right balance. Inflation and higher interest rates signal that you may need to adjust your budget to find the right balance between daily spending and paying down debt. The right balance will depend on your financial situation and goals. This selection of...
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...
The Association of Canadian Pension Management (ACPM) launched its new Retirement Savings Course to empower Canadians wishing to learn the basics of retirement savings and to foster awareness of the importance of retirement income savings at any age. Course highlights: Self-paced learning on...
The Annual Report by the Office of the taxpayer's ombudsman provides key achievements, identifies Canada Revenue Agency (CRA) service issues and outlines trends in complaints. In addition, the report includes three recommendations to the Minister of National Revenue and the Chair of the Board of...
This collection of financial empowerment tools and resources is intended to support both Indigenous and non-Indigenous organizations working to build financial wellness in First Nation communities. It was created as part of the Financial Wellness in First Nations project (2021-2023) where...
The Financial Consumer Agency of Canada’s (FCAC) COVID-19 Financial Well-being Survey, which began in August 2020, is a nationally representative hybrid online-phone survey fielded monthly, with approximately 1,000 respondents per month. The survey collects information on Canadians’ day-to-day...
This report is about the financial resilience and financial well-being of Canadians with low incomes based on the Seymour Financial Resilience Index ® It provides a call to action for more targeted support from policymakers, financial institutions and community non profit organizations for...
Managing debt doesn't have to be overwhelming. These tips and tools from the Ontario Securities commission can help you borrow wisely and pay off debt more...
This article from OSC provides 8 tips to help you plan for retirement. Transitioning from working life to retirement takes careful financial planning and decision-making – give yourself plenty of time to prepare. Here are some things you can do ahead of...
American Indian and Alaska Native (AI/AN) peoples have long faced barriers to asset building. More than half of AI/AN populations are un- or underbanked, financial services often don’t operate on reservations, and access to capital is difficult. Native peoples have been excluded from financial...
Financial empowerment (FE) is an approach to poverty reduction that focuses on improving the financial security of people living on low income. Evidence shows that embedding FE interventions into municipal welfare, employment, housing, shelter and health services can significantly boost service...
Bright, beautiful, interactive and simple to use, Managing your money offers a series of seven worksheets to help Indigenous individuals and families to set and work towards money goals. Each financial topic and activity features artwork by Simon Brascoupé paired with a teaching from the animal...
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...