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  • 1. An overview of revisions to the Financial and Wealth Accounts, 1990 to 2020
    Articles and reports: 13-605-X202000100003
    Description:

    This article describes the revisions to the Financial Flow Accounts (FFA), the Other Changes in Assets Account (OCAA), and the National Balance Sheet Accounts (NBSA), collectively referred to as the Financial and Wealth Accounts (FWA), introduced as part of the 2020 Comprehensive Revision. These accounts are an integral part of the Canadian System of Macroeconomic Accounts (CSMA). This exercise was conducted to strengthen the overall quality and relevance of the FWA program and to introduce new concepts, methodologies, and classifications as recommended by international standards.

    Release date: 2020-12-11
  • 2. Why are Lower-income Parents Less Likely to Open an RESP Account? The Roles of Literacy, Education and Wealth
    Articles and reports: 11F0019M2020012
    Description:

    The Government of Canada offers various financial incentives for parents to save for their children’s postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income.

    Release date: 2020-07-06
  • 3. Survey of Financial Security (SFS) - Custom Tabulations
    13C0021
    Description:

    This survey collects information on the value of all major financial and non-financial assets and on the amount of debt owing on mortgages, vehicles, credit cards, and student loans. The value of assets less debts is referred as net worth.

    Socioeconomic variables such as age, sex, education, family type, mother tongue, immigration status, income, employment status, number of earners, low income status, home ownership status, financial situation expectation are available.

    Statistics such as median and average net worth, the debt/asset ratio and the percentage of families and net worth for different socioeconomic variables can be ordered as custom tabulations. For a given asset or debt, the percentage of families with that asset or debt and the corresponding median and average amount owned or owed can be produced.

    Release date: 2003-04-01
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  • 1. An overview of revisions to the Financial and Wealth Accounts, 1990 to 2020
    Articles and reports: 13-605-X202000100003
    Description:

    This article describes the revisions to the Financial Flow Accounts (FFA), the Other Changes in Assets Account (OCAA), and the National Balance Sheet Accounts (NBSA), collectively referred to as the Financial and Wealth Accounts (FWA), introduced as part of the 2020 Comprehensive Revision. These accounts are an integral part of the Canadian System of Macroeconomic Accounts (CSMA). This exercise was conducted to strengthen the overall quality and relevance of the FWA program and to introduce new concepts, methodologies, and classifications as recommended by international standards.

    Release date: 2020-12-11
  • 2. Why are Lower-income Parents Less Likely to Open an RESP Account? The Roles of Literacy, Education and Wealth
    Articles and reports: 11F0019M2020012
    Description:

    The Government of Canada offers various financial incentives for parents to save for their children’s postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income.

    Release date: 2020-07-06
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