Building wealth in Canada
Learn ways and options to effectively manage money.
Time frame: 60 min
Audience: new Canadian immigrants who have been in Canada more than two years
Learning objectives for participants:
- learn to create a realistic budget
- understand cash flow and how to control it
- learn how to effectively manage money
- learn how to define a financial plan
- understand the difference between “good debt” and “bad debt”
- understand the difference between “wants” and “needs”
- understand the key features of RRSPs, RESPs and TFSAs, and how they can help put a financial plan into action
- know where to go for support
Outline:
- overview
- creating a budget you can stick to
- understanding cash flow
- the secret to being a good money manager
- defining your own financial plan
- sorting out your wants and needs
- three savings vehicles worth considering
- putting your financial plan in action
- some helpful resources
Learning Materials:
- Sample Budget Worksheet
- SMART Goals Worksheet — helps set SMART goals which are specific, measurable, actionable, realistic, time-framed
- Glossary of Terms — defines various financial terms and items
Questions?
For questions, please email us.
Proudly sponsored by Canada Life, our National Development Sponsor.
Want a session in your area?
We will provide a CPA volunteer to lead the session with a prepared presentation, activities, handouts and worksheets. Note: If more than one session is needed, please fill out a second form and submit.
Request guidelines:
- 8 weeks’ notice needed to setup a session.
- If more than five sessions are needed, please contact us directly.
For more information, visit setting up a financial literacy session.