News

23 February 2018
Last month the Government of Canada expanded the scope of automatic enrolment for the Guaranteed Income Supplement (GIS) to improve service delivery for low-income seniors. Eligible seniors began receiving letters in January notifying them that they will be enrolled for both Old Age Security (OAS) and GIS without needing to apply, and will receive their benefits automatic...
21 February 2018
Next to social isolation, poverty is the biggest barrier felt by Canadians with disabilities. Too many Canadians with disabilities are living paycheque to paycheque, earning too little to get ahead. However, the Indigenous population experiences a disability rate twice that of the non-Indigenous population. As Indigenous people with disabilities represent a marginalized p...
21 February 2018
The Government of Canada is committed to a renewed relationship with Indigenous Peoples that includes closing the socio-economic gap and improving overall living conditions of First Nations, Métis and Inuit Peoples.    In response to this commitment, the Financial Literacy Leader, Jane Rooney from the Financial Consumer Agency of Canada (FCAC), and National ...
20 February 2018
Everyone needs a little help with money from time to time. Setting spending goals, tracking bills and income, and making a budget, are all part of managing your money. These are all important money conversations that happen with frontline staff who work to strengthen financial wellness in their communities.    The Managing your money booklet – a set of...
20 February 2018
The federal government created a social and financial innovation called the Canada Learning Bond (CLB) in 2004 to provide low-income families with a substantial contribution and ongoing incentives to save for their children’s post-secondary education. The CLB program provides up to $2,000 per child over a 15-year period. The challenge is that enrollment is relativel...
20 February 2018
ABC Life Literacy Canada launched the Money Matters for Indigenous Peoples program nationally in 2017, following a successful pilot program in Ontario in 2016. Since then, Money Matters for Indigenous Peoples has reached 1,976 learners through 141 workshops.   Money Matters is a free introductory financial literacy program for adult learners. The program’s ...
20 February 2018
Last month The Canada Revenue Agency (CRA) launched a new automated telephone filing service called File my Return to make it easier for Canadians to file their income tax and benefit returns. File my Return allows eligible Canadians to file their income tax and benefit returns by answering a series of short questions and providing some personal information. This service ...
20 November 2017
To reprise Tina Turner’s classic song, when it comes to poverty reduction, policy makers may well ask – What’s financial empowerment got to do with it?    The answer is – everything. It has everything to do with it.   Household finances fall along a spectrum from deep vulnerability at one end to financial well-being at the ot...
15 November 2017
Over 20,000 Ontarians have received financial empowerment services and accessed $55 million in income tax refunds and other income benefits thanks to the Financial Empowerment and Problem Solving (FEPS) Program, according to a new report from Prosper Canada. In 2015 the Ontario Ministry of Community and Social Services (MCSS) provided funding for Prosper Canada to replica...
13 November 2017
Imagine being kicked out of your home and left on your own at the age of 18. You have no support system to help you navigate the ‘adult’ world. No income, no bank account, no way to pay for shelter and food, no means of transportation. You are alone.   According to the Ontario Office of the Provincial Advocate for Children and Youth, approximately 17,...
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