The Canadian Financial Capability Survey (CFCS) is administered by Statistics Canada to a nationally representative sample of Canadian adults in an effort to measure their financial knowledge, abilities, and behaviours. The CFCS is administered on a five-year cycle with prior waves in 2009 and 2014. In preparation for the 2019 cycle, SRDC has been contracted by the Financial Consumer Agency of Canada (FCAC) to advise on the renewal of the instrument. In addition to a review of the core financial literacy and knowledge assessments, SRDC will advise on the various measures of financial behaviours and outcomes. The review aims to enhance both the statistical properties of the instrument and align it with recent developments in both the Government of Canada’s National Strategy for Financial Literacy and international developments in measurement.
Published: August 2018
Capability: Behavioural Economics - Survey Design and Data Management - Data Sciences
Policy Area: Adult Learning - Financial Literacy - Literacy and Essential Skills
Population: Low-income Populations - Low-skilled Workers