CCS has been providing financial literacy programs and services — a key element in the newcomer settlement process — to our clients since 2017, but a similar offering has never been made available to employees — until recently when we hosted RBC for a very timely workshop around financial literacy, this time for staff.

Jeffrey Yeung, a financial advisor from RBC’s Fairview Mall location, led a ninety-minute presentation on March 12 at one of our Mississauga offices for fifteen employees and then took questions in a very active Q&A segment.

The idea is to help people gain an understanding of core personal banking and investment concepts, ultimately enabling them to navigate the road to financial stability with confidence.

He focused on what was top-of-mind for employees – how to best invest their hard-earned paychecks and reduce the personal tax burden, etc. Many CCS employees already contribute to a robust employee pension plan offering, so there was obvious interest in understanding how this type of long-term investment strategy could complement savings options like Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA).

“CCS employees got information and insight to better map out the key financial decisions they will need to make for their children & their families – now and in the future,” said Manjeet Badwal, Settlement Services Manager.

CCS and RBC have been growing their partnership around financial literacy for some time, staging the inaugural RBC Financial Literacy Workshop for head office employees last year. Prior to that, RBC also conducted the workshop for our clients at two of our Scarborough locations.