Canadian Online Personal Finance Resources for You
Posted by Nancy Phillips on Sun, Nov 20, 2011
This month is financial literacy month in Canada and there are approximately 100 financial education events occurring across the country. One such event occurred this past week in downtown Toronto. Hosted by Credit Canada, featured guests speakers from some of Canada’s largest non-profit financial organizations. There are numerous free online resources that exist to help you with your personal finance questions and I want to share a couple of them with you today.
Financial Consumer Agency of Canada - fcac.gc.ca
Created ten years ago, it promotes and monitors compliance of Canadian corporations and is working hard to promote financial literacy at a national level.
They have sixty free online resources, some of which include:
*tools which help consumers comparison shop for credit cards, bank accounts etc.
*calculators for budgeting
*information that will help you understand your credit report and credit score
*explanations of your rights and responsibilities in regards to consumer legal contracts
*The City – a financial literacy tool for students and teachers
Investor Education Fund – getsmarteraboutmoney.ca
The IEF is a non-profit organization founded by the Ontario Securities Commission that provides:
*information on topics including saving, TFSA’s, taxes, managing debt, financial planning and getting advice.
*information on how to approach life events like finishing school, getting married, having a baby, going through a divorce, planning for retirement.
*calculators that help you find out how long it will take to pay off a credit card, whether it’s better for you to buy or rent, how much you need to save for your child’s education.
*basic investing information
I hope you find this information useful. If you find one particular tool especially helpful, please let me know!