News

Submitted by ABC Life Literacy Canada. Financial Literacy has been a hot topic for several years now, and schools across the country are beginning to integrate financial literacy programming into their curriculum, as they should. But while our youth are improving their financial literacy skills at school, an important group of people who could benefit from financial litera...

The ABLE Financial Empowerment Conference is a unique gathering of leading experts from all sectors dedicated to developing sustainable financial empowerment solutions that enable people living on low income to build their financial security and move from poverty to opportunity.    ABLE showcases the latest research on the financial challenges facing vulnera...

The Honourable Jean-Yves Duclos, federal Minister for Children, Families and Social Development recently shared the following information on enhancements to the Canada Pension Plan (CPP) implemented via the government’s 2019 Budget legislation. These changes are retroactive to January 1, 2019.     We are passing this information on, as it is impor...

It is discouraging to see so many households continuing to struggle financially. The good news is that household financial issues are getting far more attention from policy makers and researchers than ever before, and new insights on financial challenges and needs, as well as solutions, are being generated and shared every day.     Here are two new repo...

Money and how we spend it can be an emotionally charged subject especially when it comes to debt. Simply discussing finances can be a struggle but talking about debt is riddled with even more challenges, including stress, shame, and worry. Credit card debt and mortgage debt is commonplace today and yet it can result in unmanageable financial burdens. What’s import...

As Canadian’s struggle with mounting debt, higher expenses and planning for retirement, the need to understand what constitutes financial wellness or financial well-being has become an important focus particularly for organizations and businesses. Financial stress and anxiety remain a prevalent issue with far reaching implications. The side effects of poor financial...

Investing in the Middle Class, the federal government’s 2019 Budget, builds on progress made with the government’s earlier commitments such as the Canada Child Benefit, the National Housing Strategy, and the recent National Poverty Reduction Strategy (which, among other measures, set an Official Poverty Line and a set of key indicators on poverty reduction). ...

On December 13, 2018, the House of Commons passed Bill C-86, introducing sweeping new changes to Canada’s Financial Consumer Protection Framework that add new muscle to this critical legislation. This includes a number of important new consumer protection measures called for by Prosper Canada and the ABLE Network in briefs submitted to  federal consultations in 20...

Earlier this month, the Tax Time Savings Program launched its second year of programming, after showing successful results from the pilot year. It is a new matched savings program that encourages and supports low-income tax filers to save at least $200 from their tax refund in a personal ATB Financial savings account. Developed in partnership with Momentum and the Aspire ...

Immigration, Refugees and Citizenship Canada (IRCC) has launched a call for proposals for the Settlement and Resettlement Assistance Programs due April 12, 2019.   IRCC has identified ‘Money and Finances’ as a vital topic that can support newcomers to effectively settle in Canada. Prosper Canada and leading agencies across the country are beginning ...