Financial Literacy for Everyone
for educators

Financial Soccer
The new 2014 FIFA World Cup Brazil game is here. Is your financial knowledge ready for a workout?
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Calculators
Canada’s Peter Pig’s Money Counter

NEW Canada’s Peter Pig’s Money Counter
Learning about money is fun with Peter Pig. Kids can practice identifying, counting and saving money while learning fun facts about Canadian currency with this interactive educational game.
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free materials

Free Lesson Plans
Give your students a deeper understanding of money management with curriculum offered by Choices & Decisions: Taking charge of your financial life™.
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Bankruptcy Pros and Cons

Before you make the decision to file for bankruptcy, consider the pros and cons on your own or with a credit counsellor. Here are some important arguments to consider:

Pros

  • The discharged bankrupt is relieved of most debts, and unsecured creditors cannot take legal steps to recover their debt. It allows you to make a “fresh start.”
  • Bankruptcy generally does not affect employment.
  • The bankrupt can avoid being harassed by creditors.

Cons

  • Some debts are not released with a bankruptcy declaration. These include: spousal support, child support, debt arising out of fraud, court fines, and debts or obligations for student loans when the bankruptcy occurs while the debtor is still a student or within 10 years after the bankrupt has ceased to be a student.
  • The bankrupt may have difficulty in being bonded
  • It will negatively affect your credit rating, and will appear on your rating for six or seven years

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