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Financial Education

Financial Literacy

What is Financial Literacy 

Financial literacy is the education and understanding of various financial areas including topics related to managing personal finance, money and investing. This topic focuses on the ability to manage personal finance matters in an efficient manner, and it includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement and tax planning. 

BREAKING DOWN Financial Literacy 

Financial literacy also involves the proficiency of financial principles and concepts such as financial planning, compound interest, managing debt, profitable savings techniques and the time value of money. The lack of financial literacy may lead to making poor financial choices that can have negative consequences on the financial well-being of an individual. Consequently, the federal government created the Financial Literacy and Education Commission, which provides resources for people who want to learn more about financial literacy. 

The main steps to achieving financial literacy include learning the skills to create a budget, the ability to track spending, learning the techniques to pay off debt and effectively planning for retirement. These steps can also include counseling from a financial expert. Education about the topic involves understanding how money works, creating and achieving financial goals and managing internal and external financial challenges. 

The Importance of Financial Education 

Financial literacy helps individuals become self-sufficient so that they can achieve financial stability. Those who understand the subject should be able to answer several questions about purchases, such as whether an item is required, whether it is affordable, and whether it an asset or a liability. 

Tax Efficiencies

What is Tax Efficiency 

Tax efficiency is an attempt to minimize tax liability when given many different financial decisions. A financial decision is said to be tax efficient if the tax outcome is lower than an alternative financial structure that achieves the same end. 

BREAKING DOWN Tax Efficiency 

Tax efficiency refers to structuring an investment so that it receives the least possible taxation. There are a variety of ways to obtain tax efficiency when investing in the public markets. 


Financial Literacy Workshops are designed to help participants set up budgets, establish savings accounts, build and maintain credit and save for the future or for emergencies. We offer workshops at various sites throughout the city, including to immigrant populations who are unfamiliar with this country’s banking and credit systems. 


Early Career Seminars 

The Early Career seminars are aimed at those in the first 10-15 years of their career. They aim to get delegates thinking about their own personal financial situation, rather than just receiving lots of information. 

They provide a basic grounding in the main aspects of finance and then look at key areas in more depth. They are informal and interactive, lively and fun events, with delegates actively encouraged to share their thoughts and ideas for the benefit of the group as a whole. 

As well as providing a basic financial education, they establish the importance and impact of retirement saving. 

At the end of the seminar, delegates will have a broad understanding of planning their finances, will have identified areas of concern to them where they should take action, will have seen the impact and benefits of planning ahead in relation to retirement, and will have identified where they need more in-depth education or help.