Build Your Knowledge

Build Your Knowledge

Fixed income, asset allocation, dollar-cost averaging, managing longevity risk—when it comes to financial planning, there is a lot to learn. Building your financial knowledge will help you make informed decisions about your future.

A trusted financial advisor is your strongest asset, but understanding your options will give you confidence in the choices you make. Here are some tools to help you learn more about how to plan, budget and save more now and for retirement, and to protect your family.

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The Empire Life Investments blog features timely comments on a variety of investment topics. You can also join the discussion on their LinkedIn page.

The Empire Life Insurance blog includes great information on insurance products and options, and they share interesting insurance articles and news on Facebook and Twitter.

Stay in touch with our corporate Facebook, Twitter and LinkedIn pages for more on financial literacy.

Tools and calculators

Check out the Forms and Tools section of our website for these great tools and calculators.

Investor Profile Questionnaire
What kind of investor are you? This questionnaire can help determine your risk tolerance level.

Registered Retirement Savings Plan Calculator
Are you saving enough for retirement? Find out if you are on track.

RRSP Loan Calculator
An RRSP loan can make a significant difference in the long-term value of your RRSP. Find out how affordable an RRSP loan can be.

RRSP vs. Mortgage Calculator
What's better, investing in your RRSP or paying down your mortgage? This calculator can help you understand which strategy may work best for you.

Other resources

Here are other good online sites and tools from respected financial organizations in Canada to help you be smart about your finances.

Financial literacy self-assessment quiz
Take this short quiz to see how your skills and knowledge measure up compare to other Canadians.

Your Financial Toolkit
This toolkit from the Financial Consumer Agency of Canada provides reliable, unbiased and easy-to-use information and tools for you to become a more capable and confident financial consumer.

Ready, Set, Life
Empire Life is proud to be a member of the Canadian Life and Health Insurance Association (CLHIA) that is helping Canadians become more knowledgeable about personal finance and the role life insurance plays in overall financial security. The CLHIA site provides questions to ask an advisor, a glossary of terms and other documents to help you make informed decisions. Check out their Virtual Shoebox which helps you keep track of your important personal and family documents.

GetSmarterAboutMoney.ca
This website from the Investor Education Fund gives “straight answers to your money questions” with tons of information, quizzes and calculators.

Canadian Retirement Income Calculator
This comprehensive calculator from the Government of Canada takes into account a variety of sources of retirement income, including CPP, OAS, pension income and RRSPs.

Just for kids!

Teaching kids early about money can give them a solid foundation so they can make sensible choices with their first allowance, pay check, or bills. Practical Money Skills Canada has games and resources for kids of all ages.

Money Metropolis teaches kids how to make money by doing chores, and shows how spending money on games and clothes makes it harder to save.

For older kids, a Marvel Avengers comic book teaches about money and budgeting in a fun and engaging way.