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Prosper Canada

2016-2020 TOGETHER WITH PARTNERS

245,458

people received one-on-one financial coaching or tax-filing support

8,120

RESPs opened for children in low-income families

$795,500,000

in new income accessed via tax filing and benefit help

207,273

people participated in financial education

39,546

people accessed financial information tools

503,553

vulnerable Canadians overall improved their financial capability and health

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Video: Helping Canadians access benefits: An introduction to the Benefits wayfinder

Did You Know?

Canadians are borrowing and carrying more household debt than ever before – an average 167% of our yearly income.
48% of Canadians report living paycheque to paycheque.
46% of Canadians cite increased debt as a consequence of having no savings.
44% of Canadians say they have under $5,000 in emergency savings with 21% having less than $1,000.
49% of Canadians report feelings of stress and lack of financial stability.
The Government of Canada has paid out over $8 billion in Canada Education Savings Grants since 1998.
Youth with savings are 50% more likely to attend post-secondary education.
In 2014, $3.04 billion was withdrawn from the RESPs of 379,120 students to help pay for their post-secondary education.
Parents can get up to $2,000 with the Canada Learning Bond.
71% of jobs will require a post-secondary education.
93% of people with a budget stick to it most of the time.
13.3% of Canadian children are living in poverty.