We can all agree that the instability of last two years have been a challenge financially for many Canadians.
However, a recent Canadian survey found that 40% of respondents were able to continue to contribute to their RRSPs, according to Benefits Canada, a financial industry trade magazine. In fact, the majority of the respondents maintained good financial habits despite the economic pressures. They self-identified as being financially resilient and having the ability to meet their obligations like paying down debt, adding to their savings and making regular contributions to registered plans. The survey also identified 42% of respondents who were having more difficulty and experiencing financial stress.
But as things start to normalize across Canada, we have an opportunity now to learn to be more financially resilient. This will help us weather unforeseeable money emergencies in the future. And CEIRP is here to help. Members can go to our website to access videos, articles, financial calculators, as well as our partners’ websites and resources. Here are a few that you can save to your computer or print out and stick to your fridge:
Tackling Debt
- The Credit Counselling Society
- The AFC — The Lifeline for Canada’s Entertainment Industry
Manage your money
Not only does the CEIRP website have videos and articles to help you learn how to budget, our plan provider, Canada Life also has resources to help you manage your money and retirement savings goals — just sign on to mycanadalifeatwork.com to access the learning tools, SmartPath and iAquaint
