Did you know that Canada is one of the most financially literate countries in the world?1 However, like all things, there’s still plenty of room for improvement. Especially since the pandemic revealed just how unprepared Canadians were for a financial crisis. In fact, almost half (45%) say the COVID-19 has had some impact on their level of financial stress.2 Maybe a higher financial IQ could have helped lessen the financial impact of the pandemic?
There just may be a brighter side to the pandemic. It's made more young Canadians focus on protecting their financial future.3 And, like most things, the more you know, the better prepared you’ll feel to take the next step. In this case, that step might be toward financial freedom.
Increase your financial literacy in under 30 minutes
In this series of videos, we’ll explain insurance, savings and investment terms – simply. Pick a few topics or watch them all to boost your financial know-how.
- Want to easily binge watch the series? Check out the Simply Put playlist on YouTube.
De-stress by getting professional help with your finances
Did you know that people who don’t work with an advisor are far more likely to say money causes them stress?4 Now’s the time to de-stress.
And after watching these Simply Put videos, you’re likely more prepared to talk to an advisor about insurance, savings and investments. Most advisors now offer to meet Clients virtually by video chat. Find your match.
This article is meant to only provide general information. Sun Life Assurance Company of Canada does not provide legal, accounting, taxation, or other professional advice. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.
1 The Financial Consumer Agency of Canada, Review of Financial Literacy Research in Canada, 2020.
2 FP Canada™ Financial Stress Index, 2021.
3 Sun Life Financial Canada, Ipsos Survey, 2021.
4 FP Canada™ Financial Stress Index, 2021.