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News & Media
News
Seneca partners on research to help vulnerable communities cope with COVID-19
10 November 2020
Toronto, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Seneca is contributing to the City of Toronto’s response to COVID-19 with two applied research projects focused on helping vulnerable communities access better broadband and government incentives. The two Seneca projects are among eight resulting from a partnership among the City, Toronto-based postsecondary inst...
Credit Counselling Canada releases Bill of Rights for Canadians in Debt National non-profit advocates for greater access to and transparency around debt relief
9 November 2020
TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — With the country teetering alarmingly on the edge of a financial crisis, Canada’s leading accrediting body for non-profit credit counsellors has released a Bill of Rights for Canadians in Debt. Credit Counselling Canada has identified major structural gaps in the country’s consumer credit/debt infrastr...
B.C.’s NDP developing benefits, pension supports for gig workers
4 November 2020
Benefits Canada: On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend pensions and benefits to precarious workers across the province. “The provincial government is recognizing that more and more workers no longer benefit from these kinds of&nb...
Should Canadian employers consider offering emergency savings plans?
3 November 2020
Benefits Canada: With Canadian employees feeling the toll the coronavirus pandemic is taking on the economy, should policy-makers facilitate the use of workplace emergency savings plans? “We know from data that 28 per cent of Canadian households who are financially impacted by COVID in August were drawing down on their [tax-free savings accounts] and [reg...
Webinar: Building household financial security during COVID 19 and beyond
30 October 2020
Even before the COVID-19 pandemic, many Canadians were having difficulty making ends meet, and the pandemic has further impacted the financial well-being of financially vulnerable Canadians. In this webinar, we present research on how COVID-19 has impacted the financial security of Canadians and how additional financial challenges are likely to arise over...
November is Financial Literacy Month: Helping Canadians understand their finances
30 October 2020
November is Financial Literacy Month (FLM) which means there will be a variety of helpful money management webinars, virtual events, and outreach activities, to help Canadians better manage their money. The fact that the 10th Anniversary of FLM is happening amidst a pandemic, adds even more importance for the need to help Canadians understand their finances. C...
And now…The fine print: What will happen when Charlie enters the post-recovery benefit world?
29 October 2020
By John Stapleton (Note to readers: This article assumes that the rules in place before the COVID-19 emergency and recovery measures of 2020-21 will be reinstated in October 2021. It is probable that post recovery benefit rules will be different.) Charlie is a 50-year old receiving ODSP (Ontario Disability Support Program) as a single person in...
Partners in Financial Empowerment-Intuit: Driving tax filing innovations for people with low incomes
29 October 2020
When the tax software firm Intuit first approached Prosper Canada in 2014 to explore a potential collaboration, we were excited to learn more about the work of its Financial Freedom Foundation, which had played a central role in advancing innovative tax filing assistance for people with low incomes in the United States. Tax filing is a critical gate...
Support lacking for investor advocates
21 September 2020
Investment Exective Investor advocacy in Canada is increasingly shifting in-house to the boards and advisory panels of the investment industry’s regulators. But stable and reliable funding for independent investor advocacy is badly needed, experts say. Laura Tamblyn Watts, CEO of seniors’ advocacy group CanAge Inc. and an independent director of...
Man with autism told to pay $4,442 to get $1,750 after 3 years with Spring Financial loan
5 September 2020
Global News Sebastien Vienneau says he repeatedly told Spring Financial, an online lender, that he had autism and needed more time to review his loan contract. But the company didn't budge, he says. For seven months, Sébastien Vienneau, 20, says he paid around $120 a month for a personal loan with online lender Spring Financial, which he hoped would...
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