Skip to main content



5 behaviours that can optimize your financial health

  • health

By: Financial Consumer Agency of Canada

We are living through difficult economic times and unexpected situations such as a rise in interest rates and the cost of living and increasing debt levels can lead to financial difficulties. One proactive way to set yourself up for success is to optimize your financial health. You can do this by looking for and then making small improvements in how you manage your money.

Here are five behaviours that can optimize your financial health:

Behaviour #1: Learn the difference between good and bad debt

Knowing the difference between good and bad debt will help you borrow money and use credit more wisely.

Good debt is an investment in something that creates value or produces more wealth in the long run.

Bad debt is borrowing to buy something that goes down in value or that you can’t repay on time and in full, thus incurring interest charges and more debt.

Learn more about what to consider before borrowing money.

Behaviour #2: Create and review your budget to manage your money and debt

A budget is a plan that helps you manage your money. It helps you figure out how much money you get, spend and save. Making a budget can help you balance your income with your savings and expenses.

Reviewing your budget can help you repay your debt faster. When reviewing it, put needs before wants and try reducing your expenses. You’ll be able to cut some expenses that are not necessary. This way, you’ll have more money available to repay your debts.

Learn how to make a budget.

Use the Budget Planner to manage your money and improve your finances.

Behaviour #3: Shop around and compare your options to select the financial products and services that are right for you

Financial institutions offer many types of products and services. Before you get a new product or service, make sure it meets your financial needs. Research and compare the products and services that financial institutions offer. Make sure you understand the terms and conditions.

Learn more about choosing financial products and services that are right for you.

Behaviour #4: Set up an emergency fund for unexpected expenses

An emergency fund is money you set aside to pay for unexpected expenses.

Setting up an emergency fund helps you to:

  • handle an unexpected expense without getting into debt
  • avoid high-cost loans (such as a payday loan or a credit card cash advance)
  • have financial control
  • have peace of mind

Learn how to set up and manage an emergency fund.

Behaviour #5: Learn the basics about choosing and renewing a mortgage

When you shop for a mortgage, your lender or mortgage broker provides you with options. Make sure you understand the options and features. This will help you choose a mortgage that best suits your needs.

Learn more about choosing a mortgage that is right for you.

When your mortgage term comes to an end, you have to pay off your mortgage in full or renew it. This is a good time to review your mortgage needs and make sure you have the right product.

Learn more about renewing your mortgage.

FCAC expects banks to help individuals who are identified as consumers at risk of mortgage default. These consumers may be struggling to pay their mortgages due to exceptional circumstances.

These expectations also apply to other federally regulated financial institutions offering mortgages.

Learn more about paying your mortgage when experiencing financial difficulties.


Friday, November 17, 2023
Financial Aid

Indigenous Careers Award

  • Indigenous Careers Award

The Indigenous Careers Award is designed to encourage Indigenous Albertans (First Nations, Metis and Inuit) to pursue and complete post-secondary studies in certificate, diploma, applied degree and bachelor's degree programs.


Award Value

$2,000 per semester / maximum of $4,000 in an academic year


Credential Types

Students must be enrolled in a certificate, diploma, applied or bachelor’s degree program.

All program bands are eligible for the Indigenous Careers Award.


To Receive This Award

  • The Fall 2023 and/or Winter 2024 term (a term is defined as a study period of up to 17 weeks in length),
  • At least 60% of a full course load (40% of a full course load if you are a student with a documented permanent disability). 
  • Have satisfactory academic standing, as determined by the school.

You must also meet all of these eligibility criteria:

  • Be a Status Indian/First Nations, Non-Status Indian/First Nations, Métis or Inuit and be able to provide a copy of proof of Indigenous ancestry
  • Be a Canadian citizen, permanent resident of Canada or have protected person status under Canada’s Immigration and Refugee Protection Act
  • Be a resident of Alberta.

Application Deadline

  • Fall - November 5, 2023
  • Winter - February 5, 2024

Indigenous Careers Award Application 


Please submit applications and/or inquiries to:

Roxanne Poelstra
Financial Aid & Awards Coordinator
(403) 410-2938

Book an Appointment

Tuesday, September 19, 2023
Financial Aid

Jason Lang Scholarship

  • glasses

The scholarship recognizes and rewards Alberta post-secondary students for their academic achievements and encourages them to continue in their undergraduate or professional program of study.




September 30, 2023

Eligibility Criteria

To be eligible an applicant must:

  • Be a Canadian Citizen, Permanent Resident, or Protected Person (visa students are not eligible),
  • Be an Alberta resident and to be considered an Alberta resident one of the following conditions must apply:
    • one parent, or legal guardian has maintained permanent residence in Canada for at least 12 consecutive months immediately prior to commencing post-secondary studies and be residing in Alberta, or
    • Alberta is the last place the student has lived for 12 consecutive months immediately prior to commencing post-secondary studies, or
    • the student’s spouse/partner has maintained permanent residence in Alberta for 12 consecutive months prior to the person attending post-secondary.
  • Be enrolled full-time in the second or subsequent year of an undergraduate program at a publicly funded post-secondary institution in Alberta,
  • Have achieved a minimum Grade Point Average of 3.2 on a 4.0 point scale based on an 80% full course load in the previous fall and winter terms.

Note: A term is defined as a study period of up to 17 weeks in length. Co-op work terms, internships or exchange programs may be eligible as long as these programs are a mandatory component of the undergraduate or professional program.

Students are not eligible for a Jason Lang Scholarship if they:

  • Are enrolled in a one year certificate program,
  • Do not return to a publicly funded post-secondary institution in the fall or winter terms of the next academic year,
  • Are recipients of a Louise McKinney Scholarship for the same period of study, or
  • Have received the lifetime maximum of three Jason Lang Scholarships.

Nominees must be enrolled at eligible Alberta public post-secondary schools (includes publicly-funded colleges, technical institutes, universities and private colleges accredited to grant degrees). 

Apply Now

Wednesday, September 6, 2023
Financial Aid

Academic New Year is Here!

  • ASA

Apply for Loans and Grants

Students can now access the following applications:

  • 2023-24 Full-time application
  • 2023-24 Part-time application

Reference the following materials for help with completing the full-time post-secondary application for financial assistance: 

A new resource called the Part-time Application Process helps students complete the part-time application for financial assistance. Reference the information on Section 5, which (once authorized by a school official) must be returned to the student to ensure their information is complete before they submit their application. 

2023-24 Program Updates 

The What's new section highlights updates to the Alberta Student Aid program, systems and policies that are effective August 1, 2023 to July 31, 2024. In addition, the Alberta Government will implement several measures to improve affordability for post-secondary students on July 1, 2023:

  • Reduce interest rates on Alberta student loans to the prime rate;
  • Alberta student loan interest-free grace period is extended from six months to 12 months (benefits students who completed their studies on or after Dec 1, 2022); and
  • Income thresholds for the Repayment Assistance Plan increase from $25,000 to $40,000.

Please contact if you have any questions.


Wednesday, June 28, 2023
Financial Aid

Summer Scholarship Special

  • summer offer

We are having a summer scholarship special offer for 2 of our programs!! This summer only, for new seats into the programs of Business or Social Sciences, we are offering an additional $1,500 while the money is still available. Don't miss out!!! Apply to either of these programs before the scholarship money runs out or if summer ends. It is that easy. 

Upgrade ArcGIS Enterprise Using ArcGIS Enterprise Builder

Please contact or your enrolment advisor to implement.


Thursday, June 8, 2023
Financial Aid

Spring school financing? Use Continuing Student Scholarships

  • Fees

A renewed program is available to Continuing Student Scholarship recipients who are attending spring courses at Ambrose. Up to half of your award can be allocated toward spring course tuition and the other portion can be allocated toward fall tuition.

Please contact to implement.

Also remember to apply for Financial Aid by June 1.  Application is available online on Financial Aid homepage.

Friday, May 5, 2023
Financial Aid


  • Repayment

Congrats! Here are my top 4 tips

  1. Do you have a Student Loan? Make sure you know what repayment looks like and set yourself up for a good credit score for years to come.

  2. If you are continuing on to graduate school, check out their website for funding and connect with their financial aid & awards office. Knowledge First Financial Graduate Scholarship Awards is one you could check out.

  3. Do you have a spending plan of action? You may be looking for work or already have something lined up. Be on top of your finances by setting a plan. Credit Counselling Society has a good budget calculator and I also recommend the Government of Canada budget planner.

  4. Do you want Money coaching? Financial Aid & Awards Office offers that and is open during the summer too. Set an appointment.


Thursday, April 20, 2023
Financial Aid

Financial Literacy Newsletter - Preventing fraud in a digital world

  • Digital

March 2023

Preventing fraud in a digital world



A few words from FCAC

Welcome to the Fraud Prevention Month (#FPM2023) issue of the Financial Literacy Newsletter. Understanding how fraudsters think and operate is becoming an increasingly important skill to protect your finances...


Read more


Eight signs of digital fraud

By: Financial Consumer Agency of Canada


It’s hard not to feel confused by the large number and variety of digital fraud and scams that you need to watch out for. Here are eight easy-to-identify signs to put you on your guard...


Read more

Fraudulent charges — are you covered?

By: Financial Consumer Agency of Canada


Take this quiz to see how well you know your rights and responsibilities when it comes to fraudulent charges on your debit and credit cards...


Read more


What’s in a real estate fraudster’s toolkit?

By: Financial Consumer Agency of Canada


The high price of real estate has attracted fraudsters and scammers. Here are four common fraudster tricks to watch out for and protect yourself from being a victim of title fraud...


Read more

What's new

Canada’s financial literacy ecosystem shares the latest news, research, funding, learning tools and events with you...


Read more



Words from our collaborators


Canadian Anti-Fraud Centre reports all-time high levels of financial fraud

By: Canadian Anti-Fraud Centre


Since 2020, the Canadian Anti-Fraud Centre (CAFC) has seen fraud victimization grow to shocking new heights...


Read more


Did the CRA really contact you?

By: Canada Revenue Agency


As a taxpayer, you should be cautious if you receive any communication that claims to be from the Canada Revenue Agency (CRA) and requests...


Read more

Investment fraud: How a fraudster might approach you

By: Ontario Securities Commission


There are many ways a fraudster might approach you. They might email, text or phone you. Or they might pretend to know the same people as you...


Read more


Be aware: Don’t become an accomplice in mortgage fraud

By: Canada Housing and Mortgage Corporation


Mortgage fraud is a type of financial crime that can have serious consequences. This type of fraud is more common than most people realize...


Read more

Stay safe online: Social media accounts and phishing

By: Communications Security Establishment’s Get Cyber Safe campaign


Though social media is great for staying connected, fraudsters can take the information they learn from you to commit various cybercrimes...


Read more



Financial Consumer Agency of Canada

427 Laurier Avenue West, 6th Floor
Ottawa ON K1R 1B9


Manage subscription preferences | Unsubscribe

Questions? Contact Roxanne Poelstra

Thursday, March 9, 2023
Financial Aid

Leadership scholarship Re-opened until February 20

  • Scholarship application paper

Dr. Gary McPherson Leadership Scholarship - $2,000

Have shown outstanding leadership, especially in the area of disability, and/or initiative to improve the lives of other people while attending Ambrose

Apply Now 

Friday, February 10, 2023
Financial Aid

Ambrose Awards for 2023-2024 Academic Term

  • Financial Aid money


Continuing Student Scholarships

- $500 and up

One application form for multiple Ambrose endowed and
annual awards for students returning to study at

Ambrose in the fall. Recipients will be notified early May.


Apply online by February 28: Undergrads or Seminary

Financial Assistance - $500 and up

One application form for multiple bursaries. Students will be

matched to a bursary or financial assistance if they

demonstrate financial need.


Apply online by June 1

Questions? Contact Roxanne Poelstra

Thursday, January 26, 2023
Financial Aid