The author was vice-president of corporate citizenship at CPA Canada and led the organization's award-winning, member-driven Financial Literacy Program.
Cairine recently retired from Chartered Professional Accountants of Canada (CPA Canada) where she oversaw the organization’s award-winning Financial Literacy Program. Under her leadership, CPA Canada became the first non-U.S. entity to be named Organization of the Year in the non-profit sector by the Institute for Financial Literacy. Cairine recently received a legacy award from the Institute.
Canadians are under a constant barrage of fraudulent activities. The Canadian Anti-Fraud Centre (CAFC) reports that in January and February alone more than 3,300 Canadians were bilked out of $9.8-million in mass marketing frauds, while 5,600 people had their identities stolen with losses totalling $1.9-million.
Let's say you're thinking of buying something for yourself beyond groceries or essentials - whose opinion, or what kind of advertising influences Canadians the most? The answer might surprise you. Ac...
Financial knowledge is at the heart of stretching our dollars. For those with a severe and prolonged disability, saving money can be particularly challenging, given the expenses that often accompany disabilities and, in some cases, the difficulties getting or holding a job. And if you are tending to a loved one with a disability, extra costs likely are involved.
Our kids are often most receptive to advice when it starts at home. The best time to begin is now. For example, even preschoolers are ready to start thinking about finances. If they know mommy or daddy goes off to work, they can understand why -- the answer is to earn money.
March is Fraud Prevention Month in Canada and it's timely to remind Canadians that everyone is vulnerable and that vigilance, knowledge and the confidence to fight back are powerful deterrents to fraud. A 2016 survey from the Chartered Professional Accountants of Canada (CPA Canada) demonstrates deeply held concerns about fraud and identity theft.
CPA Canada released a Summer Spending Followup Survey, which revealed that 42 per cent of those surveyed were essentially on-budget this past summer. What does this have to do with holiday spending? Quite a bit, actually. Those who fared better followed a few basic principles we might all want to remember.
According to the Canadian Anti-Fraud Centre (CAFC), mass marketing fraud is an enormous business that consistently claims victims who have not taken the time to verify with whom they are dealing. In fact, the CAFC says the surest way to avoid fraud is to verify, verify, verify.
The fact many Canadians are living beyond their means and are vulnerable to economic shocks highlights the importance of Financial Literacy Month (FLM), which takes place each November in Canada. This year, FLM aims to use the national strategy as a springboard to rally support across the country in the effort to help Canadians become better money managers.
The post-secondary years are the ideal time to lock in great habits and fill any gaps in your children's financial education. Regardless of whether there are savings set aside or loans to be taken, managing the dollars matters. It's our young people who gain the most from good advice as they take on increased responsibility.
Tapping into workplaces across the country would allow a vast and varied audience to be reached. That audience would include people of different ages, education and culture. Workplace programs also would allow individuals to receive valuable information in a convenient manner.
The National Strategy for Financial Literacy - Count me in, Canada is an ambitious playbook for country that brings together a wide range of stakeholders, identifies priorities and targets deliverables. It's time to act. Canadians who acquire financial knowledge today will be positioned for a better future.