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Financial literacy leader focuses on seniors: Roseman – Toronto Star

Canada’s new financial literacy leader, Jane Rooney, wants to build seniors’ money skills in the first phase of developing a national strategy.

The paperless movement keeps growing.

Many large companies — such as banks and telecom providers — now charge $1 to $2 monthly fees to send your invoices in the mail.

And by April 2016, the federal government will stop mailing cheques and switch to a direct deposit system. Old age pensions, tax refunds and children’s benefits will be transferred electronically to your bank account.

With the transition deadline less than two years away, Ottawa is pushing everyone to sign up for direct deposit.

Read more: http://www.thestar.com/business/personal_finance/2014/07/06/financial_literacy_leader_focuses_on_seniors_roseman.html

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