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24 March 2021
Canada has many income benefit programs that many Canadians find difficult to navigate, however benefit application processes for people with disabilities are the most challenging of all.     In 2020, Prosper Canada embarked on a three-year Access to Benefits for Persons with Disabilities project in partnership with Disability Alliance B.C., the Social ...
24 March 2021
Social distancing has “pushed” more people to use online banking, order multitudes of items from their computer and even scan, pay and bag their own groceries. Self-service is a widely accepted way of providing more services with fewer resources. Though there are some drawbacks, it has also proven that with the right tools, and just a little help, people can p...
24 March 2021
We are excited to welcome PayPal as our most recent supporter. PayPal’s donation will support Prosper Canada's COVID-19 Relief and Recovery Plan to scale financial services that will help struggling Canadians to access emergency benefits, build a budget, and make a financial recovery plan.      “According to Statistics Canada in the past...
24 March 2021
As we mark the end of one year living with the COVID-19 pandemic, many of us are taking stock of our experience and laying plans for the coming year, happily anticipating a transition back to life as we once knew it.    The pandemic has changed us though, in many ways – for better and for worse. Some things have changed irrevocably. We have lost people...
17 March 2021
CBC News // Programs have helped more than 100,000 Ontarians tap into $391.3M in new income. Carla Macias barely spoke English when she landed in Toronto from Ecuador with her two sons 14 years ago. As a newcomer, she struggled to find out how she could go to school, earn a living and help support her children. She later came to Toronto's Jane Finch Community and F...
23 February 2021
Investment Executive // Tax and financial planning experts are applauding a recent federal government proposal that would see the Canada Revenue Agency (CRA) automatically prepare tax returns for Canadian residents with simple tax situations. “Most of the information that people provide on a tax return the CRA already has,” said Jamie Golombek, managing director...
8 January 2021
Cision // The Canada Revenue Agency recognizes the value of free tax clinics that help Canadians do their taxes so they can get the benefit and credits they are entitled to. We also know the costs of running these clinics can be a challenge for organizations who want to participate.   To support these organizations, the Honourable Diane Lebouthillier, Minister of ...
6 January 2021
MortgageBrokerNews.ca // As much as half of Canada’s lower-earning households are spending around 31% of their incomes on debt repayments, according to a new survey by charity group Prosper Canada.   In its recently released report, Prosper Canada also said that the debt-repayment ratio among moderate-income households is at an average of 18%, although it wa...
27 December 2020
Toronto Sun// With COVID-19 wreaking economic havoc, half of Canada’s low-income households are spending 31% of their income on debt repayments, a charity study says. Prosper Canada also says 62% of moderate-income households are struggling financially.   The group’s report, Roadblock to Recovery: Consumer debt of low and moderate-income Canadians in the...
10 December 2020
Winnipeg Free Press // IG Wealth Management is embarking on a five-year, $5-million project to help enhance the financial confidence of Indigenous communities in Canada.   The Winnipeg-based national financial planning company may be starting to target more high net-worth clients, but its new CEO, Damon Murchison, says that its focus is on the financial well-being...
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