Blog

WoodGreen Community Services, a pillar of support in Toronto, positively impacts the lives of 37,000 individuals annually. Their diverse initiatives range from enhancing seniors' well-being to aiding newcomers in their Canadian journey, addressing housing challenges, and preparing youth for the workforce. As a significant United Way of Toronto member, WoodGreen actively contributes innovative solutions for pressing social needs, earning recognition across the Greater Toronto Area.  WoodGreen also has considerable experience in helping low-income adults to improve their financial well-being. Their Financial Empowerment (FE) Program endeavours to alleviate and help individuals transition out of poverty through offering a full suite of specialized empowerment interventions, including financial literacy workshops, one-on-one financial counselling, benefits assessments, and free year-round income tax preparation. Prosper Canada is honored to collaborate with such impactful community organizations like WoodGreen. In this spotlight, we explore recent successes, encountered challenges, valuable lessons learned, and an inspiring client story that underscores the transformative impact of their efforts.

In a recent interview with Danielle Thibaudeau from the Commissioner of Social Services’s Office at The Regional Municipality of Durham, Prosper Canada delved into the world of financial empowerment and the unique challenges faced by low-income Canadians. Danielle, Policy Advisor in the Strategic Partnerships and Priority Teams within the Social Services Department Commissioner's Office, shared her insights into the importance of financial resources, collaborations with non-profits like Prosper Canada, and the impact of the Making the Most of Your Money resource. The resource is a free online course designed to help individuals and families living with low income learn about money in an accessible way. It was developed by Prosper Canada with the generous financial support from Ontario Securities Commission and has been implemented by the Region of Durham to facilitate financial education within its community.

Carla Macias, an Ecuadorian who came to Canada in 2007, shares her journey of integrating into a new country, outlining the ups and downs of facing a world where not only learning a new language is key to success but financial literacy proves equally important. Carla articulates just how instrumental the Jane/Finch Centre was to helping her embark on a path to ensure financial success for herself and her family.

The Working Centre helps Nimaa, a single mother and newcomer to Canada, shed light on the unique financial challenges she experienced as an Arab woman and helps her secure benefits and financial support. Also, and importantly, they help her find the confidence to manage her own money and budget ensuring her future is brighter and full of possibility. 

Despite successfully accessing much needed benefits, systemic issues persist

An important aspect of financial empowerment work is ensuring people living on low income can access the benefits they are eligible for with ease. This can often be the “make or break” moment for many Canadians when they receive the much needed income. Small or large, the financial influx is often a relief for those who struggle financially. The value of accessing benefits cannot be understated and in the case of one EBO Financial Education Centre client, that experience has had an incredibly profound impact on her and her family’s life!