News

The Definity Insurance Foundation is a Canadian registered charity, financed with $100 million of the proceeds of the demutualization of the Economical Mutual Insurance Company to represent past and present policyholders and employees. The Foundation has been entrusted with designing and supporting community initiatives that reduce the effects of social and economic inequali...

With the impact of the affordability crisis being felt across the income spectrum, there has been significant federal government attention to the cost of living, consumer protection and ensuring people are treated fairly by their banks. Prosper Canada has continued to elevate the impact that the affordability crisis is having on people with low incomes to the federal governm...

In celebration of Black History month and the final year of The International Decade for People of African Descent, Prosper Canada is proud to announce the Expanding Financial Empowerment for Black Canadians project, our first step in advancing our commitment to Black Canadians. Through funding from the Definity Foundation we have begun working with two experts in financial...

Canada’s affordability crisis is financially crushing low- and moderate-income Canadians who are increasingly spending down their savings and taking on debt they cannot afford just to make ends meet.   That is why Prosper Canada is calling on the federal government invest $85 million over five years to deliver free, community financial help services to 1.5 milli...

Prosper Canada is pleased to announce that our team has recently expanded with the addition of two new hires. We are excited to share our new team members with you.Kavita Ramkumar  We are pleased to introduce Kavita who has been appointed to the position of Vice President of Finance and Administration. In this role, Kavita is responsible for all financial functions inc...

Susanna* is the sole breadwinner in her family but has been ill and unable to work. With few paid sick days, the resulting drop in her earnings has left her without enough money to cover her family’s expenses in the face of rapidly rising costs for food and other necessities. As a result, she has fallen behind on her rent and turned to payday and other high-interest lo...

In April, we released the report Missing for those who need it most: Canada’s financial help gap, which details the relative lack of affordable, appropriate and trustworthy financial help available to people living on low incomes.   Through research and key informant interviews with government, private companies and community financial service providers, we learn...

Prosper Canada is pleased to have joined the Affordability Action Council (AAC), a collaboration of diverse policy experts and community leaders that have come together to develop an initial package of “all-in” solutions that could be adopted immediately by our federal government to meet Canadians’ basic needs – shelter, food, transportation and a liv...

Prosper Canada, in collaboration with Disability Alliance B.C., (British Columbia), Plan Institute, and Social Research and Demonstration Corporation, through funding provided by the Government of Canada’s Social Development Partnerships Program Disability, undertook the Financial Empowerment for People with Disabilities project, spanning three years. The primary obje...

November is a significant month for those in the financial help services sector—it's Financial Literacy Month, a time to boost financial know-how and resilience. Initiated by the Financial Consumer Agency of Canada (FCAC) as part of their National Financial Literacy Strategy 2021-2026, organizations from various sectors amp up their financial literacy efforts for i...