Renewing the National Strategy for Financial Literacy

Government of Canada - Let's Talk Financial Literacy | Nov 10, 2020

Financial Literacy - Renewing the National Strategy for Financial LiteracyFive years ago, we launched our country’s first-ever National Strategy for Financial Literacy — Count me in, Canada(External link). It is now time to update the strategy to make sure it reflects the evolving needs of Canadians and our changing world, which includes the impact of COVID-19 and ongoing economic turbulence.

As we live through these challenging times, managing finances has never been more important. The COVID-19 pandemic has caused unprecedented impacts on Canadians and the economy. Health and financial concerns, layoffs, physical distancing rules and lock-down measures have made it harder for some Canadians to pay bills on time, manage their debts and save for unexpected expenses.

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While it’s not the entire solution, we know that understanding your finances can help. A large body of research demonstrates that personal financial habits contribute directly to an individual’s overall financial well-being. When people are able to invest in strengthening their financial literacy, they feel better about their finances and the benefits are immediate and far-reaching.

We want to hear from you

We want your feedback on how all Canadians can strengthen their financial literacy as we embark on the renewal of the National Strategy for Financial Literacy.

Your input will help ensure the renewed strategy is inclusive, relevant and accessible for all Canadians.

Provide your input until December 7, 2020:

Consultation paper and background information

We have developed a consultation paper to both present ideas and gather feedback. It includes questions for your consideration, as well as background documents for more context. Read them before you participate:

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NCFA Jan 2018 resize - Renewing the National Strategy for Financial Literacy The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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