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Savings and Asset Building

Access to savings and asset building opportunities

These interventions are aimed at enabling low-income households to build their human capital and other assets that can help them to move out of poverty.

This is achieved through policies that encourage and support low-income people to save and programs that help connect them to appropriate savings supports and opportunities:

Successful interventions include:

  1. Short-term and emergency savings products.
  2. Incentivized savings accounts – e.g., Individual Development Accounts (IDAs or other accounts for uses such as buying a home or a vehicle.
  3. Promotion of federal registered saving vehicles that support the saving of low income people – e.g., Registered Education Savings Plans (RESPs) and Registered Disability Savings Plans (RDSPs).
  4. Incorporating financial education into municipal social services and employment programs to improve outcomes – e.g. Information on savings and earning exemptions for those on OW and ODSP.


Access resources to help you and your organization implement, deliver and evaluate your financial empowerment activities.