Building a Brighter Financial Future

Donald A. Stewart, Task Force Chair, and Jim Flaherty, Minister of Finance

Canada’s Task Force on Financial Literacy has made public its report to the federal Minister of Finance, recommending urgent action on a national strategy to strengthen Canadians’ financial literacy.

The Task Force’s recommended plan of action reflects the views and priorities of Canadians. It is concrete, practical and affordable, and falls into five priority areas:

• shared responsibility,
• leadership and collaboration,
• lifelong learning,
• delivery and promotion, and
• accountability.

The 30 comprehensive recommendations are tailored to meet the diverse needs of Canadians by enhancing formal education, integrating with federal government programs, creating a single-source website, delivering clear communications and building awareness.

The Task Force believes strongly that financial literacy is critical to the prosperity of Canadians and the nation. Increasing the knowledge, skills and confidence of Canadians to make responsible financial decisions will help them meet their personal goals, enhance their quality of life and make Canada more competitive. (More)