Want to get better at managing your money and feel more secure in your financial future? "Your Financial Toolkit" provides reliable, unbiased and easy-to-use information and tools that you can use to ...
OTTAWA, Sept. 25, 2012 /CNW/ - Canadians can now benefit from an
objective, reliable and complete new resource to help them make sense
of the everyday financial questions that they face. Designed by the Financial Consumer Agency of Canada (FCAC), the Investor Education Fund (IEF) and l'Autorité des marchés financiers (AMF), Your Financial Toolkit helps Canadians become more capable and confident financial consumers.
"Increased financial literacy ensures that individuals have the tools
and knowledge to make responsible financial decisions," said the
Honourable Ted Menzies, Minister of State (Finance). "Your Financial Toolkit is another way Canadians can acquire this life skill that is so critical
in today's economy. It enhances Canadians' personal well-being and
strengthens our financial system as a whole."
Your Financial Toolkit: a hands-on and objective resource for Canadians
"In simple, non-technical language, Your Financial Toolkit covers the basic financial topics that most Canadians have to deal with
everyday," said Ursula Menke, FCAC Commissioner. "It touches upon
everything from banking, budgeting and saving to debt management, fraud
protection and retirement planning; providing Canadians with an
opportunity to practice new financial skills and apply the information
to their own situation," she added.
The resource is divided into 11 modules and includes worksheets,
quizzes, questionnaires, tools, calculators, educational videos and
case studies that give Canadians the option of completing the whole
program or to easily select the topics in which they are the most
interested. They can also use its self-assessment tool to find modules
and tools that are useful for them based on their situation and needs.
"Our research has shown that Canadians lack the financial knowledge they
need to navigate today's complex economy, but we're a diverse group
with different learning needs" said IEF President, Tom Hamza. "Your Financial Toolkit enables self-paced online learning in complement to our extensive
online and in-school financial education programs. The partnership with
AMF and FCAC builds on our collective capabilities to extend the impact
of our financial education efforts."
Each module includes a trainer's toolkit which contains activities that
can be completed in a workshop setting. This makes it a useful resource
for teachers and facilitators who work in community organizations,
educational institutions, or for employers who wish to provide
financial training to their employees.
Integrating Your Financial Toolkit in our communities
Over the next six months, the Causeway Work Centre in Ottawa will be offering 11 two-hour information sessions about Your Financial Toolkit to assist those who are looking to get out of debt, buy a home or
simply better manage their finances. "Causeway's mission is to provide
a bridge to economic independence," said Don Palmer, Executive Director
of Causeway Work Centre. "We help our clients work towards that goal
through providing a variety of supported employment and supported
education options and through operating a series of social businesses
that generate jobs. While earning income is one part of the equation,
the ability to manage your money is the other half. Causeway has been
delivering financial literacy programs for a number of years and Your Financial Toolkit will be an invaluable resource for us to draw on as we assist our
clients to increase their financial literacy. We are thrilled to be
offered the opportunity to pilot this easy to use resource with our
clients," he added.
"Your Financial Toolkit was developed in collaboration with a variety of financial education
experts across the country," said Camille Beaudoin, Director of
Financial Education at the AMF. "Among these experts, many work with
consumers on a day-to-day basis and therefore, they are well aware of
their informational needs and preferences to gain further knowledge on
how to better manage their finances," he added.
Your Financial Toolkit is available free of charge online or in paper format. A printed copy may be ordered by contacting FCAC directly.
Financial Consumer Agency of Canada (FCAC)
With educational materials and interactive tools, the Financial Consumer Agency of Canada (FCAC) provides objective information about financial products and
services to help Canadians increase their financial knowledge and
confidence in managing their personal finances. FCAC informs consumers
about their rights and responsibilities when dealing with banks and federally regulated trust, loan and
insurance companies. FCAC also makes sure that federally regulated
financial institutions, payment card network operators and external
complaints bodies comply with legislation and industry commitments intended to protect consumers.
You can reach us through FCAC's Consumer Services Centre by calling
toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by
visiting our website: itpaystoknow.gc.ca.
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Investor Education Fund (IEF)
IEF develops and promotes unbiased, independent financial information,
programs and tools to help consumers make better financial and
investing decisions. It was established as a non-profit organization by
the Ontario Securities Commission (OSC) and is funded by settlements
and fines for OSC enforcement proceedings. IEF offers unbiased
financial information to the general public via www.GetSmarterAboutMoney.ca and works with teachers to instill financial literacy in students
through www.InspireFinancialLearning.ca and extensive classroom programs. IEF also consistently takes the pulse
of Canadians to determine habits and needs related to personal finance,
money management and investing.
Causeway Work Centre
Causeway Work Centre transforms lives and fuels community economic
development through an integrated network or innovative training and
employment programs, one-on-one support, cross-sector partnerships and
by creating socially minded businesses. Causeway began in 1977 as an
organization focused on assisting people with mental health issues find
employment. Over the years, Causeway has expanded its activities and
impact through an ongoing commitment to innovation. Through this
commitment, Causeway has been able to support a broader spectrum of
disadvantaged people, pilot new ventures that address community needs,
and become a recognized leader in the area of social enterprise.
Causeway is a not for profit agency with a staff of some 30 full- and
part-time employees. Causeway is governed by a volunteer Board of
Autorité des marchés financiers (AMF)
AMF is the body mandated by the Government of Québec to regulate the
province's financial markets and provide assistance to consumers of
financial products and services.
Video with caption: "Want to get better at managing your money and feel more secure in your financial future? "Your Financial Toolkit" provides reliable, unbiased and easy-to-use information and tools that you can use to become more capable and confident financial consumers.". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20120925_C9241_VIDEO_EN_18370.mp4&posterurl=http://photos.newswire.ca/images/20120925_C9241_PHOTO_EN_18370.jpg&clientName=Financial%20Consumer%20Agency%20of%20Canada&caption=Want%20to%20get%20better%20at%20managing%20your%20money%20and%20feel%20more%20secure%20in%20your%20financial%20future%3F%20%22Your%20Financial%20Toolkit%22%20provides%20reliable%2C%20unbiased%20and%20easy%2Dto%2Duse%20information%20and%20tools%20that%20you%20can%20use%20to%20become%20more%20capable%20and%20confident%20financial%20consumers%2E&title=Your%20Financial%20Toolkit%3A%20helping%20Canadians%20build%20financial%20literacy&headline=Your%20Financial%20Toolkit%3A%20a%20new%20resource%20to%20help%20Canadian%20financial%20consumers%20strengthen%20their%20financial%20know%2Dhow
Image with caption: "From left to right, Camille Beaudoin, Director of Financial Education at l'Autorité des marchés financiers, Ursula Menke, Commissioner of the Financial Consumer Agency of Canada, the Honourable Ted Menzies, Minister of State (Finance), Tom Hamza, President of the Investor Education Fund and Don Palmer, Executive Director of Causeway Work Centre. (CNW Group/Financial Consumer Agency of Canada)". Image available at: http://photos.newswire.ca/images/download/20120925_C9241_PHOTO_EN_18455.jpg
SOURCE: Financial Consumer Agency of Canada
For further information:
Office of the Minister of State (Finance)
Media Relations Officer
Financial Consumer Agency of Canada
Vice President, Marketing
Investor Education Fund
Causeway Work Centre
Director of Media Relations
Autorité des marchés financiers
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