The RSI Index combines the responses of 3,000 Canadians aged 35 to 54 to 6 questions of general financial knowledge and 23 program-specific questions on 4 different topics, for a total of 29 questions. For the first edition, the overall index is 36.5%, reflecting a limited knowledge of our multi-pillar system and of certain key concepts.
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On April 12, professor Philippe d’Astous received the Financial Literacy Research Award for a paper presented the day before, during GFLEC’s 5th Cherry Blossom Financial Education Institute which took place in Washington, D.C. The paper, co-authored by Martin Boyer and Pierre-Carl Michaud, is titled “Tax-Sheltered Retirement Accounts: Can Financial Education Improve Decisions?.”
“RRSP or TFSA: Can we help savers make better contribution choices?”
Professor Philippe d’Astous presented research results, followed by comments from an expert, who provided a practical point of view, and a discussion with the audience.
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