All you need to know about government, bank and personal debt.
The current COVID-19 pandemic has brought the issue of debt to the forefront as it has never been before. Governments and central banks around the world have racked up trillions of dollars of debt to keep their economies from tanking. And this is after many have been living beyond their means for decades.
Many financial institutions and individuals are also getting deeper and deeper into worrying territory when it comes to their debt levels. Where is this all going? Will our country and financial systems be OK? Will we be OK? That’s why this course exists. To give you the real truth about what’s going on with the world’s and Canada’s government, bank and household debt.
In this new 4-hour course we’ll cover everything you need to know about government, bank and personal debt. We’ll start with where debt problems come from - human nature and the low interest-rate environment. Then we’ll look at how the government and central banks control the economy through fiscal and monetary policy and we’ll take a detailed look at the latest financial statements of both Canada and the United States.
We’ll also compare Canada's financial health to other countries and we’ll also look at the effect of the unprecedented quantitative easing created by our central bank, the Bank of Canada, including a look at its latest financial statements.
And we'll also look at the financial stability and risks facing the big six Canadian chartered banks including a look at the consolidated balance sheet of all six of them.
Lastly, we'll cover everything you need to know about personal debt including how to find out and improve your credit score, pay off your debts, and whether RRSPs are a better option than paying off debt including a look at the RRSP versus pay down debt calculator spreadsheet which is included with the course.
This course is designed to inspire you to take control of your debt if that is needed and arm you with the information you need to know about debt at a government and bank level so you can optimize your financial strategies going forward.
Writer, Trainer, On-demand Course Developer and Acclaimed Author
David Trahair, CPA, CA, is an author, trainer, and eLearning developer who creates on-demand video courses for CPAs across Canada. His courses cover topics including personal finance, ethics, AI, and Microsoft Excel. David is also the author of six personal finance books, three of which are national bestsellers. Through his firm, he helps CPAs build practical skills through engaging, self-paced learning.
This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.
If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.
