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Budgeting is key to success.

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Don’t let money issues bring you down

learn how to improve your finances

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Utilize financial publications,

videos and calculators to reduce your expenses

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Learn how to read your credit report

and increase your credit score

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Welcome to KOFE

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The financial world is a confusing place. That’s why we created this section, so you can clear up the confusion. Learn about building a budget, improving your credit score, banking basics and more.

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You’ll have a wide variety of financial tools at your fingertips. You can read through our informative publications, view videos, and browse our selection of financial calculators – all at your own pace.

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Utilize our dynamic selection of financial calculators at any time. These money-saving devices are practical, efficient and can be used in the comfort of your home.

Canadians now owe $1.82 for every $1 they have to spend in disposable income. 31.2 million Canadians now have access to at least one credit product.

Statistics Canada & TransUnion Canada
The average Canadian consumer now owes about $21,131 in non-mortgage debt. Non-mortgage debt had decreased during the pandemic; however, it has now returned to pre-pandemic debt levels.

Equifax Canada
Inflation was a major news story in 2022 and peaked to a 40-year high, 8.1%. By the end of 2023, the price of consumer goods and services continued rising by 3.4% while worker wages rose by 5.4%.

Statistics Canada
Only two-thirds (68%) of Canadian households are spending less than or equal to their monthly income. Compared to 78% in 2020, it is clear that more households are struggling to make ends meet.

Financial Consumer Agency of Canada

63% of Canadians say that their financial behaviours from years past have negatively impacted their current financial confidence. In the past, they wished they had avoided overspending and credit card debt, invested at a younger age, and asked more financial questions.

Interac
Nearly a quarter of Canadians are financial vulnerable and living paycheque to paycheque.

Bank of Canada
53% of Canadians said their level of stress increased over the past 12 months while over one-third (35%) believe finances control their life.

Financial Consumer Agency of Canada

Less than half of Canadians describe themselves as financially knowledgeable.

Financial Consumer Agency of Canada
84% of employees are interested in their workplace offering financial education programs.

Canadian Payroll Association (CPA)
Study shows that nearly half of all financially stressed employees admit to spending at least 3 hours per week on their financial issues at work.

Pricewaterhouse Coopers Canada (PwC)

Keep current on the latest news,

enjoy KOFE at our Financial News page

Budgeting is key to success.

Keep your finances in shape with this easy tool

Don’t let money issues bring you down

learn how to improve your finances

Utilize financial publications,

videos and calculators to reduce your expenses

Learn how to read your credit report

and increase your credit score

Getting out of debt made easier.

Learn more about your options

Welcome to KOFE

COUNT YOUR BEANS

KOFE TABLE

KOFE MAKER

Consumer Debt and Financial Literacy Statistics for Canadian Households