Your Financial Toolkit aims to boost financial literacy

As part of the federal government's commitment to financial literacy, the website of the Financial Consumer Agency of Canada is now home to the innovative Your Financial Toolkit.

The Toolkit — a joint effort of the FCAC, Ontario's Investor Education Fund (IEF) and Quebec's l'Autorité des Marchés financiers, (AMF) — is meant to provide "reliable, unbiased and easy-to-use information and tools that people can use to become more capable and confident financial consumers.”

The Toolkit is modular, allowing you to focus on areas of interest to you or to work your way methodically through the entire program. Or you can use the "Self-Assessment Tool,” which asks a series of questions to gauge your knowledge of the principles of personal finance. The Self-Assessment Tool then makes recommendations on what modules you need to build your financial literacy — such as Income, expenses and budget; insurance; banking; and debt and credit management.