November is Financial Literacy Month
November marks Financial Literacy Month in Canada, a time to shine a light on the tools and conversations that help us feel more confident about money. This national campaign is led by the Financial Consumer Agency of Canada, encouraging Canadians to use available tools and resources to take control of their financial futures.
This year’s theme, Talk Money, aims to promote open conversations about personal finances. By discussing money matters with others, Canadians can build financial confidence, expand their knowledge and help reduce the stigma that often surrounds financial topics.
Below we have gathered some helpful resources to support your learning this month:
RRSP, TFSA, or FHSA: How to choose the right savings plan for your goals
Not sure which account suits your needs? This resource helps break down the Registered Retirement Savings Plan (RRSP), the Tax-Free Savings Account (TFSA), AND the First Home Savings Account (FHSA).
Financial Planning with Total Wealth Solutions
A financial plan is the foundation of a strong wealth strategy, helping you clarify goals, guide financial decisions, flag potential risks and track your progress. This piece highlights the key benefits of a financial plan and why it’s important to update it regularly.
Client Story – A Professional’s Future
This client story illustrates how a recent graduate navigates early career financial decisions. It highlights common questions students or young professionals may ask themselves and how a financial advisor can help.
Client Story – Retirement in Focus
This client story illustrates a scenario on how the sale of a business can open new retirement possibilities. It explores a couple’s thought process to making the most of their hard-earned money in retirement.
Financial Literacy Month is a reminder that understanding your finances is not just about numbers; it's about gaining confidence, reducing stress and creating a future that reflects your values. No matter where you are in your financial literacy journey, speaking with a financial advisor can empower you to make informed decisions and build a strategy tailored to your goals.
Contact us today to see how we can help.
