Canadians and Their Money

and offer funding and professional development tools for those conductingfinancial literacy evaluations.Recommendation 26The Task Force recommends that all stakeholders establish clear evaluation standards fortheir investments in financial literacy programs. To that end, the Government of Canadashould offer resources and tools to support and enhance the evaluation capabilities offinancial literacy education providers, particularly voluntary agencies.Reporting to CanadiansGiven the need for shared responsibility, all sectors should be ready to shareinformation with Canadians about the state of their financial literacy programs andservices. Below we discuss specific ways in which the Government of Canada,financial institutions and relevant private sector organizations can do so. Canadiansdeserve full transparency and accountability; these tenets are necessary to buildtrust and foster continual improvement.Government of CanadaWe recommend that the new Financial Literacy Leader produce comprehensive,periodic reports to Canadians, which should be presented to the Minister ofFinance, tabled in Parliament and published in plain language for the generalpublic. The exact nature and content of reporting will depend on the finalizedaccountabilities of the Financial Literacy Leader; at a minimum, the content ofthe report should discuss:• The activities of various government, private sector and voluntary sectorstakeholders involved in the delivery of financial literacy;• The overall success of the multi-stakeholder approach;• The effectiveness of specific initiatives under the National Strategycreated to enhance financial literacy awareness and acumen (e.g., publicawareness campaign);TASK FORCE ON FINANCIAL LITERACY – V. Accountability 79