If you need to know how to manage your money, apply for financial assistance or file your tax return, these resources will be helpful for you.
Tip: Be very careful when sharing your banking and personal information! It’s easy to get taken in by clever scams, or have your information shared without your permission. Keep a tight hold of your hard-earned money by making sure your accounts, PIN numbers and passwords don’t get into the wrong hands.
Ontario Child Benefit Equivalent
The Ontario government has set up a fund for children and youth in care to help pay for things like sports, activities, education, cultural and social activities. For youth aged 15-17, your CAS must work with you to help you learn how to manage your savings, and plan for your future after being in care. (En français)
If you’re without an income, the Ontario Ministry of Community and Social Services can provide temporary financial help to cover your basic needs and help you find work, if you qualify for the program. Contact a local MCSS office for more details. (En français)
Equifax – Online shopping tips
We Canadians spend a lot of time online. Online shopping is quick and easy, but potentially dangerous if your information and your hard-earned cash get into the wrong hands. This article outlines some easy tips and things to watch out for when shopping online.
The city is an online, self-directed learning program developed to help young people learn financial skills. Personal finance is a key life skill, and it’s not just about managing money — it’s about deciding what you want to do, and how you’re going to do it. Whatever your plans — work, travel, trades training, university, college – you can get there, and you can learn how with this program. (En français)
PC Financial – Banking terms
What does “NSF” mean? What’s overdraft? And what the heck is amortization? For a useful glossary of bank terms and financial jargon, check out the PC Financial web site.
Filing a tax return (En français)
It’s something every Canadian must do, and it can be very confusing! If you are filing your taxes for the first time, the Canada Revenue Agency has put together a free online tutorial to help you learn the basics: Timelines, process, documents needed, and how-tos. (En français)
10 things you should know before you sign a contract
If you’re thinking of getting a credit card, signing up for a gym or getting a cell phone, you should make sure you think about these 10 things before signing on the dotted line! (En français)
How credit cards calculate interest
There are several different ways that credit cards charge interest, and it depends on the type of transaction – purchase or cash advance – and the way the interest is calculated. Gail Vaz-Oxlade, a well-known Canadian personal finance guru, has written some helpful tips about credit cards and interest rates.
Manage your money for school
Going to post-secondary school is an investment in your future – a few short years of effort, for years of long-term gain! But if you want to make the most of your schooling, you’re going to have to figure out how to pay for it — and live — while you’re learning. Gail’s put together a helpful Money Worksheet for lump-sum amounts (RESPs, bursaries, etc) and a Cash Flow Worksheet to help you plan for every penny while you’re in school.