News

Prosper Canada’s Reconciliation Commitment requires that we continuously reflect on and evolve how we work with Indigenous communities across Canada.    While it can be uncomfortable to look critically at our own work, taking the time to reflect on our past experiences and to distill what they have to tell us about what works and where and how we can im...

The Financial Consumer Agency of Canada (FCAC) has conducted research to understand consumer awareness as it relates to open banking and fintech. In their report, the federal agency explores the pivotal role of financial literacy and education in navigating these unfamiliar waters and ensuring the financial well-being of all Canadians. The research sheds light on Canadi...

More and more we are becoming acutely aware that people on low income find themselves excluded from financial services, sectors, and opportunities. The pandemic experience exacerbated that reality and yet we know that those especially with low and moderate income, need resources and support to build savings and protect themselves from financial emergency. Exclusion in financ...

Prosper Canada is excited to launch Bridge to Benefits: Implementing benefits access in social service. This new online tool provides social service organizations with information and resources on how to provide access to benefits services to people living on low incomes.  Organizations play a vital role in providing community members with access to benefits. Tax clini...

Via Policy Options, August 17, 2023 //  The new benefit plan will help Canada’s disabled, but only if its application process is straightforward, accessible and transparent. The new Canada Disability Benefit (CDB), recently enshrined in legislation, will provide a new federal income supplement targeted to working-age people with disabilities. This is a once-in-a-...

As the Bank of Canada explores whether we need a national digital currency, Prosper Canada CEO, Liz Molholland along with four other financial experts weigh in on the potential benefits and risks. Read the articleoriginally publiished in MoneySense.ca share here with permission.Read 

Via The Hill Times, July 5, 2023 // Advocates say the Canada Revenue Agency hardened its approach after it was criticized in a ‘tone-deaf’ report from the auditor general. Anti-poverty organizations and social policy researchers say the Canada Revenue Agency’s approach to CERB repayment is putting undue hardship on low-income people who applied for emergen...

Via March of Dimes Canada, June 22, 2023 // Today, after tireless advocacy from Canadians living with disabilities Bill C-22, the Canada Disability Benefit Act, received Royal Assent. The Canada Disability Benefit Act creates a new supplemental income for people living with a disability, which seeks to support financial security for a community that is twice as likely to liv...

As we celebrate National Indigenous History Month, it feels timely to reflect on Prosper Canada’s relationship with Indigenous Peoples and to ask whether all is as it should be or whether we should be challenging ourselves, as many organizations are doing, to aim higher and do better. Looking back, Prosper Canada has worked with Indigenous organizations and communitie...

Principles and Recommendations for Canada Disability Benefit Administration  Prosper Canada and March of Dimes Canada have come together to co-create principles and recommendations to ensure the design and implementation of the new Canada Disability Benefit (CDB) is as barrier-free as possible and optimizes take-up by all eligible people with disabilities. This new re...