News

22 June 2018
Canadians are experiencing unprecedented levels of household debt, while failing to save adequately for both short term emergencies and their retirement. Consider these facts:   On average, Canadians owe $1.71 for every dollar of annual income Our total household debt is greater than our GDP (101 per cent) and the highest in the OECD The Internati...
22 June 2018
Daisy Wai, a former Prosper Canada (then SEDI) program participant and Board member, was elected Member of Provincial Parliament in the Ontario electoral district of Richmond Hill on June 7th.    An award-winning entrepreneur who launched her first Canadian business as a member of Prosper Canada’s Self-Employment Benefit program, Daisy was also an acti...
22 June 2018
The new Prosper Canada Learning Hub connects you to resources, research, and learning material from the world of financial empowerment. We invite you to contribute to this growing library of over 750 resources so far!   If you know of research reports, learning resources, videos, or other financial empowerment resources that have helped you in your work, you can ...
22 June 2018
Nobody working to financially empower people with low incomes needs to be convinced that policy change is needed to remove systemic barriers, create a fairer playing field, and enable more equitable financial outcomes for all Canadians.  So when it comes to moving the policy dial, how are we doing?    To answer this question, we need a yards...
6 June 2018
IIROC secures stronger enforcement authority thanks to passage of new Manitoba securities legislation   Manitoba legislative changes strengthen investor protection June 5, 2018 (Winnipeg, Manitoba) – The Investment Industry Regulatory Organization of Canada (IIROC), today thanked the Government of Manitoba for passing legislation that gives IIROC m...
9 May 2018
We are excited to announce the launch of our new Learning Hub, an online platform that offers convenient and easy access to financial empowerment resources.    The Learning Hub supports frontline practitioners, policymakers, funders and advocates looking for information to help advance their financial empowerment work. Located in the Resources section of the...
27 April 2018
Français Investment industry regulator, consumer and seniors’ advocates applaud provincial government for swift passage of legislation to protect British Columbia seniors and vulnerable investors   Changes to Securities Act will strengthen regulation and better protect investors April 27, 2018 (Victoria, British Columbia) – The Inve...
6 March 2018
With the release of its 2018 Budget on February 27th, the federal government made real progress on its 2016 election commitment to connect more low-income and vulnerable Canadians to their benefits.    Presented by the Hon. Bill Morneau, Minister of Finance, the Budget contained significant measures to: improve Canada Revenue Agency (CRA) service delivery, e...
2 March 2018
This issue of the Prosper Canada newsletter focuses on Indigenous Financial Wellness featuring a number of articles from our partners. We invited Simon Brascoupé, Vice-President, Education and Training of AFOA Canada, to write this month’s feature article and share why financial wellness matters in Indigenous communities. Simon explains some innovative approaches th...
2 March 2018
Reconciliation must create a more equitable and inclusive society by closing the gaps in social, health, and economic outcomes that exist between Aboriginal and non-Aboriginal Canadians.  – 5th Principle of Reconciliation, Truth and Reconciliation Commission of Canada   Indigenous Peoples have the right to determine and develop prioritie...
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