News

Edmonton launches their integrated financial empowerment program   The City of Edmonton (with support from Prosper Canada) launched their integrated financial empowerment program on January 6, 2021. Since then, City of Edmonton social workers have been connecting with residents who live on a low income, helping them navigate difficult financial challenges, and refer...

The Government of Canada has launched two calls for proposals for multi-year projects to support vulnerable communities across Canada.    The funding calls support projects that focus on the following objectives:   Financial Empowerment for low income people: Develop and carry out financial empowerment services and supports to help increase the f...

Seymour Consulting is a collaborative partner of Prosper Canada. It is a Canadian consulting firm and social enterprise working to help improve the financial resilience and well-being of all Canadians, including in particular more financially vulnerable populations.    Check out this E-brief around how more financially vulnerable Canadians are most challenged b...

Benefits Canada Magazine // With many employees struggling with finances since the coronavirus pandemic started last March, two experts, Elizabeth Mullholland, CEO of Prosper Canada and Joe Nunes, co-founder and executive chairman of Actuarial Solutions Inc., weigh in on the viability of offering a workplace emergency savings benefit.Read

The Toronto Star // Advocates for low-income Canadians say the government needs to invest in community financial help services, or risk leaving hundreds of thousands of Canadians out of the COVID-19 recovery.   Elizabeth Mulholland, CEO of charity Prosper Canada, said the COVID-19 pandemic has made life harder, riskier and more expensive for low-income Canadians.R...

Submitted by ACEF du Nord de Montréal  Français Do you know how your credit report affects your life and your ability to meet some of your basic needs, such as obtaining housing, a job or even insurance? Originally, credit reports were used by banks and other lenders to check your ability to repay credit. Today, the reasons for its use have exploded. Landlords, e...

Since the onset of the pandemic we have seen an extraordinary increase in liquid savings. As a society our spending and saving habits have changed significantly.  In Canada alone, the savings rate in the first half of 2020 increased to 28.2 per cent, up from 3.6 per cent before the pandemic. This behaviour points to our need to be “financially secure”. Ye...

The Common Good Plan has finally launched, offering not-for-profit employers across Canada the opportunity to provide an easy-to-use, low-cost retirement plan to their workers. The Steering Committee behind this initiative is calling on organizations to invest in their employees' financial wellness, at a time when they need it most. Check out The Philanthropist piece by...

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 ...

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...