In our recent article Understanding Credit in Canada: A Closer Look, we talked briefly about credit (borrowing money from a financial institution) and more about the 5 Cs of Credit in Canada: Character, Capital, Capacity, Collateral, and Credit. However, credit is only one aspect of finance in Canada. It’s equally important to understand some of the other aspects such as debt, investing and budgeting to ensure you have a strong financial footing.

That’s why McGill University’s Desautels Faculty of Management has collaborated with RBC Future Launch and the Globe and Mail to increase access to, and deliver personal finance education to all Canadians, including New Canadians. 

Get access to this free online course with spaces reserved for the Arrive Community#

The McGill Personal Finance Essentials: Understanding Personal finances in 8 modules

Divided into eight 15 to 25-minute learning modules, each taught by a McGill Desautels faculty member, the course is designed to help all Canadians better understand their personal finances. All eight modules may be viewed in approximately two hours. 

  1. Introduction to Personal Finance
  2. Debt & Borrowing
  3. Your Money: Today & Tomorrow
  4. Strategic Budget Building
  5. The Art of Investing, Part 1
  6. The Art of Investing, Part 2
  7. The Realities of Real Estate
  8. Behavioural Finance

Highly-experienced McGill professors provide background and illustrative examples to help ensure a deep understanding of the material shared.

Each module is followed by a test to confirm participants’ understanding. Successful completion of all the course modules and tests will earn participants an attestation of course completion verifying their personal financial knowledge.

Complete the course and add a valuable certification from a Canadian institution to your LinkedIn profile. 

More about the program:

The McGill Personal Finance Essentials course is a modular, online learning experience that is designed to increase participants’ knowledge and skills related to their own personal finances in Canada.

According to a new survey conducted by BNN Bloomberg, 47% of Canadians are living paycheque to paycheque, indicating that there is a need for a basic understanding of personal finances in Canada. In fact, many Canadians deal with uncertainty and lack of confidence in personal finance decisions. It’s important as a new Canadian to get a head start by understanding the foundations of personal finances early in your newcomer journey.

Get access to this free online course with spaces reserved for the Arrive Community#

At Arrive, we’re dedicated to helping newcomers achieve life, career, and financial success in Canada. As part of our focus on the financial side of your journey, we’ll be sharing financial tips and information in our weekly blogs, providing handy online tools, and hosting highly informative webinars and workshops.

 

Arrive is powered by RBC Ventures Inc, a subsidiary of Royal Bank of Canada (Canada’s largest bank*). In collaboration with RBC, Arrive is dedicated to helping newcomers achieve their life, career, and financial goals in Canada.
An important part of establishing your financial life in Canada is finding the right partner to invest in your financial success. RBC is the largest bank in Canada* and here to be your partner in all of your financial needs.
RBC supports Arrive, and with a 150-year commitment to newcomer success in Canada, RBC goes the extra mile in support and funding to ensure that the Arrive newcomer platform is FREE to all. Working with RBC, Arrive can help you get your financial life in Canada started – right now.
Learn about your banking options in Canada and be prepared.
Click here to live chat with an advisor.

 

* Based on market capitalization.
# Based on availability, newcomers were not able to access this month’s course will be added to the waitlist.

 

Disclaimer:
This article offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Ventures Inc. or its affiliates.