November is Financial Literacy Month in Canada. Throughout the month, Canadians are encouraged to focus on their financial well-being. Financial literacy refers to having the knowledge, skills and confidence to make responsible financial decisions. It is a critical skill at every stage of life, from childhood, through adulthood and into the retirement years. In retirement, older adults (and their caregivers) face the challenge of making a realistic budget based on fixed and often limited incomes, while juggling many priority expenses. It can also be challenging to understand which government benefits you are eligible for based on your age, family situation or even health status.
We have compiled some resources to help you invest in your financial well-being this month.