Financial Literacy Resources

The information shared in the links below is intended solely as a list of available resources. It is not financial advice and is not intended as a recommendation or endorsement of any specific literacy course or tool. Rather it is shared for general informational purposes only and as a reference to helpful financial literacy resources.

• Canadian Retirement Income Calculator (Government of Canada)
  • The Canadian Retirement Income Calculator helps you estimate how much money you might have when you retire. It will take about 30 minutes to complete.
• Cost of Ageing (COA) Calculator (National Institute on Ageing)
  • The COA Calculator provides detailed estimates of potential costs, including food, housing, transportation, home care, and day-to-day living expenses, tailored to different circumstances across Canada.
• Retirement planning (Government of Canada)
  • Provides resources on public pension programs, planning tools, and tips to help you make the most out of your retirement, no matter where you are in your journey.
• Retirement Savings Course (ACPM - Association of Canadian Pension Management)
  • A free, user-friendly online course to boost your understanding of retirement savings, suitable for all ages and stages.  There are 6 modules which each take 20-30 minutes to complete. You will be prompted to create an account to save your progress so that all modules don't have to be completed at the same time.
• Take the Challenge:  Get to Know Your Canada Pension Plan (CPP Investments)
  • A short quiz from CPP Investments to test your knowledge about the Canada Pension Plan.
• National Institute on Ageing
  • The National Institute on Ageing believes in a Canada where older adults feel valued, included, supported, and better prepared to age with confidence.
• 7 Steps Towards Better CPP/QPP Claiming Decisions:  Shifting the Paradigm on how we help Canadians (National Institute on Ageing)
  • An 8 part series of papers that aims to shift the paradigm of when to claim benefits from the CPP (or QPP in Quebec) toward more informed decision-making. It proposes new waysto help Canadians understand and benefit from the value of delaying CPP/QPP benefits.
• Learn about your taxes
  • Develop an understanding of how the Canadian tax system works. Take this online course to learn about personal income taxes in Canada.
• McGill Personal Finance Essentials
  • From budgeting to borrowing, real estate and beyond, invest a few hours in this free, online course and you'll gain the knowledge and confidence to make a lifetime of smart financial decisions. Taught by professors from McGill University's Desautels Faculty of Management, the course is open to everyone. Finish all eight core modules to receive a McGill Personal Finance Essentials attestation of completion.
• Financial Consumer Agency of Canada
  • Provides tools to help you choose a bank account and credit card, including budget and mortgage calculators.
    • Budget planner
    • Financial goal calculator
    • Mortgage calculator
    • Vehicle lease or loan calculator
    • Mortgage qualifier tool
    • Bank account comparison tool
    • Credit card comparison tool
    • Retirement income calculator
    • Financial literacy self-assessment quiz
    • Credit card payment calculator
    • Canadian financial literacy database
• Taxtips.ca
  • Provides income tax calculators for Canada along with other financial planning and income tax planning tools.
• HonestMoney.ca
  • Provides a number of financial resources including the "Your Two Cents" web series & podcast