Financial Literacy Program

At RBC Wealth Management, we believe everyone can benefit from developing their financial literacy skills.

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Managing money can feel overwhelming—but it doesn't have to. Our Financial Literacy Program helps you and your family build confidence in navigating wealth and finances.

An estimated $400 billion will transfer between generations in Canada over the coming decades. Are we prepared? Do younger generations have the knowledge and tools to thrive?

We created this program to provide structured, practical financial education, empowering individuals at every life stage to take control of their money and plan for the future with confidence.

Earnings & Savings

How to budget your money effectively.

Budgeting Tool - Detailed annual lifestyle expenses.

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Income and taxation

Sources of income and tax rules.

Net worth statement - Personalized overview of assets and liabilities.

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Banking services

Exploring bank accounts and digital services.

Educational Fact Sheet - A two-page fact sheet that provides an overview of banking services and features.

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Interest

How interest works from the borrower and lender, simple and compound interest.

Simple vs compound interest - Comparing features of simple and compound interest

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Credit

Managing credit, building and maintaining credit score, types of credit, and mortgages.

Educational Fact Sheet - A two-page fact sheet outlining various types of credit and how each works.

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Account types

Exploring different types of investment accounts available to Canadians.

Educational Fact Sheet - A two-page fact sheet that explains the various options for savings and investment accounts.

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Planning benefits

Planning approaches, components, benefits, and steps in the planning process.

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Wealth stage plans

Case studies by wealth stages: Early Saver, Mid-Life accumulator, Preserver / Spender.

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Financial documentation

Common documents in banking, investing and planning - contracts, account opening, legal.

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Asset classes

What are asset classes - cash, bonds and stocks.

Asset classes - What are asset classes - cash, bonds and stocks.

Financial ratios - Comparison of the most common financial ratios.

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Markets and investment vehicles

Overview of financial markets, indices, sectors and investment vehicles. 

Stock markets - Summary of top stock markets around the world and associated indices.

Mutual funds - What are mutual funds?  Type, holdings, risk, income.

Equity indices - Types of equity indices.

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Risk and diversification

Risk types and methods of diversification to help manage investment risk.

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Risk profiles

Understanding investor risk profiles and methods to determine risk tolerance. 

Investor risk profile questionnaire - Supplemental handout to determine personal risk tolerance profiles. 

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Building a portfolio

Investor discovery, policy statement, implementation and review.

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Understanding fees

Discussing commission and fee-based account fees and mutual fund fees.

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Wills and estate

Key aspects of estate planning - specifically the benefits of Wills and POA / Mandates.

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Insurance

Key aspects of insurance - specifically the different types, how they work and what they are used for.

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Charitable giving

Uses of money, methods of giving, planning for charitable gifts and the tax advantages.

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Trusts

Critical parties to a trust and how they are created, governed and generally taxed.

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Wealth transfer

Key considerations in the wealth transfer process: Wills & Estates, Insurance, Charitable Giving, Trusts and Financial Planning.

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