Need more help managing your money? Here are some resources specifically for Canadian youth!

Canadian Financial Literacy Database (CFLD)

Goverment of Canada

The Financial Consumer Agency of Canada (FCAC) is the federal government's financial supervision and consumer protection body. As part of Canada’s National Strategy for Financial Literacy, the federal government funds the Financial Consumer Agency FCAC “to undertake initiatives, conduct research and develop consumer-friendly programs and tools.” The FCAC hosts the Canadian Financial Literacy Database (CFLD), a one stop source for information on budgeting, saving, investing, fraud prevention and more! The FCAC database is searchable by topic and target audience, including seniors, Indigenous peoples, youth, newcomers and low-income Canadians. To view the database, visit


PennyDros Logo

PennyDrops is a national, student-run, non-profit organization founded to address the growing concern of financial literacy in Canadian youth. They have chapters established all across Canada; if you're from Hamilton or the GTA, the closest chapters are Ryerson, McMaster, and Laurier. Each PennyDrops chapter offers an eight-part High School Program that is taught by well-trained, university-level mentors for the purpose of equipping high school students with crucial financial skills. If you're a high school student, consider reaching out to your nearest PennyDrops chapter to set-up workshop-based sessions at your school! These sessions can be delivered after school, during lunch, or even as a part of your teacher's curriculum (with approval from your teacher). The engaging, activity based curriculum is flexible and can be adjusted to the needs of your school. It is taught in small groups, which allows for high-school students to connect and build strong relationships with their mentors over the course of the program. The curriculum focuses on the very financial concepts that many wished they learned in high school. Since launching the program, PennyDrops has reached over 5000 high school students across Canada. To learn more about PennyDrops and the High School Program they offer, visit

Resources on

Government of Canada

In addition to the Canadian Financial Literacy Database, there are also a host of resources for youth on Below is a list of resources for Canadian youth available on


Source: Financial Consumer Agency of Canada

1)    Education funding (includes links to scholarships, bursary and grant information):


2)    Provincial and territorial information for Canada Student Loans and Grants:

3)    Tools, calculators:

4)    Educational programs (includes links to Financial Basics geared to post-secondary students):

5)    Managing your money:

6)    Life events and your money (including starting your first job and renting your first apartment):

7)    FCAC’s videos (includes clips on understanding PIN protection, cash advances and purchasing a vehicle):

8)    Setting up an emergency fund (includes an account comparison tool, expense and budget calculator):

9)    Payday loans (includes an infographic on the cost of the loan):

10)    Infographic: Credit reports matter:

11)    Debt and borrowing (includes tips on paying down debt and using credit cards)

12)    Learn more about tax deductions and credits students can claim:


Credit Counselling Society


The Credit Counselling Society is an accredited, non-profit organization that provides free credit counselling, budgeting help, low-cost debt options to Canadians. They provide free resources on their website that many youth might find useful. These resources include tips, calculators, workshops, a blog, and many more. Check them out at

Foundations of Finance

May 30, 2020 | McMaster University