The Importance of Financial Literacy and Education

In 2025, 42% of Canadians listed money as their top source of stress. This is understandable as the cost of living and housing costs continue to outpace real wage growth for the majority of the population. Gaining a deeper understanding of the tax advantaged accounts available in Canada and by working with a qualified financial planner has been demonstrated to reduce financial anxiety (FP Canada 2025 Financial Stress Index). Empowering your employees with financial knowledge can ensure they are more present and attentive at work.

Organizations have a key role in enhancing financial education, especially through group retirement support. Helping individuals choose the right plans, investments, and tax-advantaged accounts puts employees on a path to financial independence.

This post digs into how financial literacy can ease stress and bolster the financial well-being of Canadians.

Increase Participation in Group Retirement Plans

One goal of boosting financial literacy is increasing enrollment in group retirement plans. Many Canadians are hesitant to sign up because they don't fully understand how these plans work.

We offer the ability to host workshops and seminars to shed light on the advantages of your group retirement plan. Creating an open environment can inspire more individuals to participate and take control of their financial futures.

Selecting the Right Investments for Personal Goals

Investing can be intimidating, particularly for those lacking financial education. When presented with a large list of options, many employees freeze. We offer personal consultants to help understand the employees financial situation and understand their investment preferences to help guide them to the best investment choice available to them.

Encouraging individuals to seek professional advice tailored to their goals can make a significant difference. Clear guidance can align investments with long-term objectives and build a clear path to their retirement goals.

Utilizing Tax-Advantaged Accounts

Canada has several tax-advantaged accounts that can help maximize savings. Knowing how to use these accounts effectively is essential for anyone wanting to build wealth. You may already support your employees retirement goals with a Group RRSP, DPSP, DCPP, etc.

Our knowledge and support can extend beyond the walls of the traditional group plan offering, allowing employees of all life stages to capitalize on:

• Tax Free Savings Accounts (Group or Personal)

  • Flexible, Tax Advantaged account for short and long term investment goals

• First Home Savings Accounts (Personal)

  • Recently introduced to help first time home buyers enter the housing market.

• Registered Educations Savings Plan (Personal)

  • Access government grants to support educational savings goals.

Direct Access to Qualified Financial Planners

Having direct access to a qualified financial planner can empower employees to ask insightful questions about their current financial plan, and acid test any changes they may plan to make in the future.

We often support employees with questions about Mortgages, Personal Debt, Revised savings / contribution plans, insurance coverage, childcare expenses, etc.

Take Charge of Your Financial Future

As financial stress remains a pressing issue for many Canadians, prioritizing financial literacy and education is more important than ever. Providing access to group retirement plans, investment choices, and tax-advantaged accounts builds a solid foundation for financial understanding.

By offering direct access to qualified financial planners and fostering a culture of education, organizations can empower their members to take control of their financial futures.

If your organization is interested in learning more about how we can support financial literacy and plan engagement, please don't hesitate to reach out!