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News & Media
OSC provides funding to Prosper Canada
24 November 2021
TORONTO – The Ontario Securities Commission (OSC) is providing approximately $2.7 million in funding for Prosper Canada, a national charity dedicated to expanding economic opportunity for Canadians living in poverty through program and policy innovation. “The OSC’s funding will allow Prosper Canada and its community partners to deliver financial literacy, ...
2021 ABLE Financial Empowerment Virtual Series Brings Together Leaders and Experts Working to Improve Financial Security for Canadians
8 November 2021
TORONTO, Nov. 8, 2021 /CNW/ - National charity Prosper Canada and the Steering Committee of the national ABLE Financial Empowerment Network are proud to host the 2021 ABLE Virtual Series – Recover and Rebuild: Helping Canadians build financial security during the pandemic and beyond. The free virtual learning series will run from 12:00-3:00 PM EST on November 1...
New study shows low-income Canadians fighting for financial survival
1 November 2021
Report paints a stark picture of the disproportionate financial impact of the pandemic on low-income households and their challenges finding the financial help they need TORONTO, Nov. 1, 2021 /CNW/ - Despite their best efforts, many low-income households in Canada have seen their finances deteriorate significantly over the past year and are having trouble finding the financ...
PROSPER CANADA LAUNCHES FINANCIAL SELF-HELP PORTAL FOR VULNERABLE CANADIANS
15 September 2021
Trove will offer free tools and resources on money management, tax filing and debt reduction TORONTO, September 15, 2021 – Today, national charity Prosper Canada announced the launch of Trove, a bilingual online portal providing free financial tools, worksheets, and educational resources to help financially vulnerable Canadians take control of their finances. &...
Common Good Plan Aims To Help Economically Vulnerable NFP Workers
13 May 2021
TORONTO, May 13, 2021 – The Common Good Plan has launched a new retirement plan to strengthen the financial health of workers in Canada’s not-for-profit sector – a group hard hit by the COVID-19 pandemic. The Common Good Plan is a consortium of prominent not-for-profit leaders, philanthropic foundations, and retirement security specialists dedicated to...
Financial help services for vulnerable Manitobans at risk as funding for successful pilot expires
23 March 2021
Pilot project secured $138.5 million in new income for low-income Manitobans over 4 years WINNIPEG/TREATY ONE TERRITORY, March 23, 2021 / CNW/ – Urgently needed free financial help services for vulnerable Manitobans could not be ending at a worse time, as more low-income people than ever are seeking help to file their taxes and deal with CERB repaymen...
IG Wealth Management Launches IG Empower Your Tomorrow Indigenous Commitment: A $5 Million Program to Support Indigenous Communities
10 December 2020
Five-year program includes new financial literacy partnership with Prosper Canada WINNIPEG, MB and TORONTO, Dec. 10, 2020 /CNW/ - Today, IG Wealth Management ("IG") announced the launch of the IG Empower Your Tomorrow Indigenous Commitment, which dedicates $5 million over the next five years to support programs and initiatives to further the financial co...
Canadians with incomes under $40K bearing the financial brunt of COVID-19
19 November 2020
TORONTO, Nov. 19, 2020 /CNW/ - A new Leger survey commissioned by national charity Prosper Canada shows that significantly more Canadians earning under $40,000, versus Canadians earning $40,000 or more, report that almost all aspects of their finances have worsened since the onset of the COVID-19 pandemic. Canadians were asked in the survey to indicate whet...
Low-income households spend 31 per cent of their incomes on debt repayment
10 November 2020
New report shines a light on consumer debt – a potential roadblock to Canada's recovery TORONTO, Nov. 10, 2020 /CNW/ - Almost half of low-income households and 62 per cent of moderate-income households carry debt, with households on low incomes spending 31 per cent of their income on debt repayments, according to a new report published by national cha...