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Prosper Canada

2016-2020 TOGETHER WITH PARTNERS

503,553

vulnerable Canadians overall improved their financial capability and health

$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

245,458

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

8,120

RESPs opened for children in low-income families

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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In 2014, $3.04 billion was withdrawn from the RESPs of 379,120 students to help pay for their post-secondary education.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.