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Financial Wellness Resources

Learning how to make sound financial decisions and take action takes a bit of time, but that investment of time can pay dividends for you and your family. It can pave the way to financial security that can support your life and family goals, such as saving for education and retirement, and it can also help avoid pitfalls such as unmanageable debt or poor credit.

The resources in the table on this page have been chosen to help you increase your “financial literacy” so that you can plan for a stable financial future. These resources are just a beginning! You will find many other resources online.  You may also wish to consult with a professional from Sun Life or TELUS Health (see below) or speak to an independent financial consultant.

Sun Life

Sun Life is the recordkeeper for the Western pension plans. All plan members have access to support and tools as part of the program. Sign in to your account to access planning tools, such as One Plan, or arrange a consultation with a Financial Services Consultant for assistance. Sun Life offers a Financial Wellness Webinar Series on a variety of topics.

TELUS Health

TELUS Health is Western’s Employee (and Family) Assistance Program provider. Services include support on a variety of Work-Life matters including financial counselling. With their CareNow Program: Achieving Financial Wellbeing you can work through the program on your own or counsellor-assisted. Learn more by contacting TELUS Health EAP.

Financial Wellness Lab

Canada’s Financial Wellness Lab is focused on developing quantitative finance and data analytics solutions that will enable Canadian households to enhance their financial resilience. Learn more at Canada's Financial Wellness Lab - Academic Research on Financial Wellness

 

Topic	Resource
Advisors	Financial Planning for Canadians (FP Canada) Working with an advisor (GetSmarterAboutMoney.ca) Find a Financial Planner (FP Canada) Module 11: Financial Planning (Financial Consumer Agency of Canada)
Assessments	Financial Fitness Evaluator (Financial Wellness Lab) Asset Allocation Tool (Sun Life - login required)
Banking	Bank Accounts (GetSmarterAboutMoney.ca) Module 2: Banking (Financial Consumer Agency of Canada)
Budgeting	Budget Planner (Financial Consumer Agency of Canada) Module 1: Income, expenses and budget (Financial Consumer Agency of Canada) Emergency Fund Calculator (GetSmarterAboutMoney.ca)
Credit and Debt	Credit Counselling (Credit Counselling Canada) Managing Debt (GetSmarterAboutMoney.ca) Equifax Credit Report (free by mail)  (Equifax) TransUnion Consumer Disclosure (free by mail) (TransUnion) Module 4: Credit and debt management (Financial Consumer Agency of Canada)
Fraud and Scams	Types of Fraud (GetSmarterAboutMoney.ca) Module 12: Fraud protection  (Financial Consumer Agency of Canada) Protection from Frauds and Scams (Government of Canada) CyberSmart (WTS) Scam-Spotter Tool (GetSmarterAboutMoney.ca)
Identity Theft	How to avoid or recover from identity theft - Consumer Protection Ontario Protecting yourself from identity theft online - Canadian Centre for Cyber Security Fraud Victims Resources (TransUnion)
Insurance	Module 6: Insurance (Financial Consumer Agency of Canada)
Investing	Module 7: Investing (Financial Consumer Agency of Canada)
Mortgages	Module 5: Mortgages (Financial Consumer Agency of Canada) Buying or Renting a Home in Canada (Canada Mortgage and Housing Company)
Pension	Western Pension Plan at Sun Life (videos – no login needed) Module 10: Retirement and pensions (Financial Consumer Agency of Canada) Canada’s Public Pensions (Government of Canada)
Saving	Module 3: Saving (Financial Consumer Agency of Canada)
Taxes	Module 8: Income taxes and contributions (Financial Consumer Agency of Canada)
Retirement Planning	Retirement Planner- One Plan Tool (login to your Sun Life account) Canadian Retirement Income Calculator (Government of Canada)
Self-Study Programs	Financial Wellbeing Toolkit (TELUS Health login required) CareNow: Achieving Financial Wellbeing (TELUS Health log in required) Financial Basics e-Learning videos (Government of Canada) Your Financial Toolkit (Financial Consumer Agency of Canada) Investing Academy (GetSmarterAboutMoney.ca) Retirement Savings Course (Association of Canadian Pension Managers)

 

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