Economic Planning Board Monday, March 27, 2017 Canada
Financial Literacy Resources
The Financial Literacy team aims to ensure that the Jamat is informed, educated, and engaged in relevant economic and financial
matters providing a basis for sustainable and prosperous livelihoods.
Financial Fitness Test
Discover your individual score to help assess your current financial fitness level and get useful information
Budget Calculator
A useful and complete interactive tool to create your household budget
Financial Information Lounge
Financial Information Lounge, a web‐based financial education centre that has been set up exclusively for our Jamat through Consolidated Credit Counselling Services of Canada, a national non‐profit organization. The Financial Information Lounge offers unbiased debt‐counselling service and offers alternatives to help people get their debts under control. In addition to offering solutions to alleviate and eliminate debt, the site also focuses on financial education and understanding. The toll‐free number 1‐844‐329‐3834 has also been set up for our Jamat to speak to a trained credit counsellor from Consolidated Credit in English, French or Farsi on a confidential basis.
Videos
Financial Consumer Agency of Canada
Financial Consumer Agency of Canada’s website is a comprehensive resource on financial matters. Sign up for their Financial Literacy Newsletter here.
Financial Literacy Program – Member Contact List
Aliya Ismail
National Program Director
aliya.ismail@iicanada.net
Jalal Jetha
Deputy Program Director
jalal.jetha@iicanada.net
Akbar Hassanali
Member - British Columbia
bc.cfl@iicanada.net
Farzana Allidina
Member - Edmonton
edmonton.cfl@iicanada.net
Allahbakhsh Jaffery
Member - Prairies
prairies.cfl@iicanada.net
Dilshad Kanji
Member - Ontario
ontario.cfl@iicanada.net
Noordin Nazar Ali
Member - Ottawa
ottawa.cfl@iicanada.net
Dilawar Mirzayee
Member - Quebec & Maritime
qm.cfl@iicanada.net
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Click Here to access all EPB's newsletters
Webinar - Being a good financial role model for your children
4 key Canadian housing takeaways from Stephen Poloz's House of Commons speech - April 25, 2018
Click Here for Analysis of the 2017 Federal Budget
Further elimination of the small business tax deferral - Collins Barrow
General Tools and Calculators
These tools can help you keep track of your financial situation and give you tips on how to improve it. The calculators can help you plan for your future by helping you save, manage your debt and determine a realistic mortgage amount for your financial situation.
Saving and Budgeting
Managing your money can be a frustrating and confusing exercise. These resources help you build a simple budget to keep track of your spending. They can also help you come up with goals and create a savings plan that will help you achieve it.
For Newcomers
Managing money in Canada can be complex. These resources help you become more familiar with Canada’s banking system, help you prepare for your financial future, and outline some of the funds that are available to help you achieve your goals.
Fraud Prevention
Fraud is a crime that threatens every Canadian, regardless of their level of education, age or income. Scam artists use telephone, email, personal contact and social media platforms. Fraudsters also target Canadian seniors. These links will help you recognize fraud and protect yourself and your family.
Credit Management
Debt is a financial tool. Like any tool, what matters is how, when and why we use it. There can be some benefits to borrowing money, but there are real costs. These resources can help you learn how to better manage your debt, keep track of your credit score, and direct you to where you can go for help.
Taxes
Canadians earning Canadian income must file an income tax return. In order to receive income-boosting benefits you might be entitled to, you must file your taxes. These links provide information on your eligibility for these benefits and other tax-related information you may find useful.
Retirement
Whether you are planning for retirement or are already retired, these links will help you develop a retirement plan, understand your options, learn about benefits you may be eligible for, help you better manage your pension, and protect yourself from fraud.
Housing
A house may be the largest investment you ever make. Use these resources to learn more about how your home can be a source of wealth for you and your family. These resources also provide information about real estate as an investment strategy.
Insurance
Insurance is a way to protect yourself and your family against the costs of unexpected events. These resources should help you identify what types of insurance you need, look at the options, and whose what coverage is right for you.
Investment Strategies
Finding someone to advise you on financial matters can be difficult. It is important to ask the right questions so that you get the advice that will help you the most.
Employment Insurance
Employment insurance (EI) provides regular benefits to individuals who lose their jobs through no fault of their own. These resources provide information on EI, eligibility, requirements and how to apply.
Living with Disability
These resources can help you plan for your family’s future by providing information on resources and supports that are available, information about the Registered Disability Savings Plan (RDSP) and how to open one, potential benefits for which you may be eligible, and places you can go to for help.
Education Funding
The Government of Canada helps you save for your children’s education through the Canada Education Savings Grant and the Canada Learning Bond. These links help you learn how to open an RESP account, apply for the Canada Learning Bond, and calculate how much money you can save.
Mental Health/Dealing with Stress
Managing money can be stressful and can take a toll on your mental health. There is no reason to suffer alone! Contact the institutions to be connected with resources to help manage your stress.
Economic Updates
These links provide access to some of the leading analysis on the Canadian economy as well as to the EPB’s newsletter.
FREE WEBINARS
To register for one of the free webinars (online workshops) listed below, simply click on the the title of the webinar and fill out the registration form on the following page. You can also register or find out more by calling 1.888.527.8999. You will be emailed a link to attend the webinar a day before your scheduled webinar begins. To participate in the webinar, you will need a telephone and a computer with an internet connection. The webinar is live. This means that you will hear the facilitator speak, they will ask questions and those attending can participate if they wish to. One of the great things about a webinar is that you can attend from the comfort of your own home. If you want to wear your cozy slippers, no one will be the wiser! But the best thing is that we get to learn from each other. You will not need to share any personal details during the webinar. The webinar is not recorded and is not available after the scheduled time has ended.
Click on the link to access dates for the courses below during November and December
http://www.mymoneycoach.ca/financial-literacy/credit-budgeting-workshop-webinars/webinar-schedule
1. Ending the Financial Feud - Couples and Money
2. Budgeting 101: 6 Easy Steps to Manage Your Money
3. Irregular Income
4. Budget Breakers
5. 75 Ways to Save on Household Expenses
6. Food and Finance
7. Borrowing 101: Financing Basics
8. Living Well on Retirement Income
