Every day, our team members help Canadians make sense of their finances by strengthening their knowledge, skills, and confidence to make responsible and sound financial decisions.
While much of our expertise is shared in our banking centres in one-on-one conversations with clients or through free seminars at many CIBC locations, our team members also volunteer their time to support financial literacy in our communities.
In addition, we invest in community programs that support financial literacy and entrepreneurship including Junior Achievement.
As the Official Bank of the Canadian Hockey League, CIBC developed a unique financial literacy program targeting players, aged 16–19, from our 23 sponsored teams that teaches fundamental money management skills. The CIBC Financial Skills Training program is now a permanent part of the CHL’s annual training camp for these 23 teams.
CIBC financial professionals provide expert commentary and reports on tax strategies, estate planning, investments and personal finances.
We help clients navigate and plan for various life stages, such as buying a first home, funding post-secondary education, opening a new business, purchasing a vacation property or saving for retirement.
To support families as they make plans to transition assets or businesses to the next generation, and to help secure their legacy for their children and future generations, we produced reports and hosted events in Canada and the U.S.
We conduct polls to provide insight on financial planning topics to help clients better prepare for their financial future. Over the last year, these poll results generated national attention on issues including financial confidence, home ownership, tax savings, investing, saving for retirement, and budgeting for post-secondary education.
Our digital banking offer includes several personal financial management tools and options:
The CIBC Advice Centre offers several online financial tools and resources to help Canadians feel confident about making personal and family financial decisions. These include tips and resources on saving, budget and cash management, borrowing money, reducing debt, family finance, home ownership, retirement planning, and tax savings. There are also specialized sections for new Canadians and students.
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We support a number of financial literacy programs with a special focus on educating Canada’s kids and young adults to build a better future.
In the past year, hundreds of team members helped thousands of students across Canada with financial and business education through Junior Achievement, in addition to delivering CIBC Money Smarts seminars for students, focused on finances, credit and basic budgeting tools.
CIBC Wealth Management holds financial literacy seminars to educate young adults between the ages of 18 and 25 on a range of financial issues, financial responsibility and tips on how to manage their own finances.
Your Money Seniors is presented by bankers in the community volunteering their time and expertise, and has been developed in partnership with the Financial Consumer Agency of Canada (FCAC). The program helps seniors protect themselves against financial abuse, identify financial fraud, and make the most of their retirement savings.
Every day, we are committed to strengthening financial literacy in our business communities.
We invest in a number of community programs supporting financial literacy and entrepreneurship. For example, Entrepreneurship 101 at MaRS Discovery District is an online course that equips innovators, entrepreneurs, and intrapreneurs with the skills, tools, intelligence and networks they need to succeed in Canada and around the world, and Futurpreneur Canada provides financing, mentoring and support tools to aspiring business owners aged 18–39.
