Consultations on a National Strategy on Improving Financial Literacy for Seniors

June 18, 2014




Ottawa, ON – Recently, the Federal Government announced the launch of consultations with Canadians on a proposed strategy to help improve the financial literacy of Canadians.


In recognition of the unique and significant challenges faced by near and current seniors, the first phase of consultations will focus on seniors. The proposed blueprint, Toward a National Strategy for Financial Literacy – Phase 1: Strengthening Seniors’ Financial Literacy is intended to encourage discussion and invites comments from all Canadians on ways to bolster the financial literacy of seniors and those approaching this phase in their lives.


“This strategy will help to improve the financial literacy of seniors by making them aware of the tools and programs that are available. With access to these tools, not only will seniors improve their own personal finances but will improve the economy as a whole,” said Larry Miller, MP for Bruce-Grey-Owen Sound. “I urge all groups, businesses, and individuals with expertise on the unique financial challenges that seniors face to participate in these consultations.”


Stakeholders from the public, private and non-profit sector will take part in in-person sessions across the country. All Canadians are encouraged to submit comments by mail or e-mail by July 15th, 2014.


Additional phases will follow with an emphasis on low-income Canadians, Aboriginal peoples, newcomers to Canada, and children, youth and adults. For more information on how to submit comments and the questions the Government is asking please visit;