News

Toronto, June 24, 2015 – Today, national charity Prosper Canada, the City of Toronto, a consortium of leading investment companies, and three financial planning professional associations announced a new pilot program offering free financial coaching for people living on low incomes in Toronto. The MPower Money Coaching Program was developed by Prosper Canada and is be...

Province Reviews Alternative Financial Services and Debt Collection   The province is inviting Ontarians to share ideas on how to better protect consumers who use high-cost financial products and services outside the mainstream banking and credit union systems.Read

The Indigenous Financial Literacy Committee is a small group of organizations committed to sharing knowledge, materials, and training to help improve financial literacy for indigenous children, youth, adults, families and elders in British Columbia.     The Committee recently launched a 30 Day Fitness Challenge in the hopes of attracting youth and adults of ...

On July 31, 2015, the Province of Alberta will be cancelling its education savings incentive, the Alberta Centennial Education Savings (ACES) Grant. The grant currently provides all Alberta children under the age of 6 with a $500 kick-start to their  Registered Education Savings Plan (RESP) with no family contribution required.  Less than half of Alberta kid...

Last week, Jane Rooney, Canada’s National Financial Literacy Leader launched the National Strategy for Financial Literacy – Count me in, Canada. The strategy was released in Toronto at an event attended by 78 financial literacy leaders who celebrated Canada’s first national strategy for financial literacy.     The strategy is a call to a...

Prosper Canada is pleased to launch an online version of our two-day, in-person financial literacy facilitator training course. Developed in partnership with Seneca College and hosted on the OCASI LearnAtWork platform, this online course will enable facilitators to deliver basic money management workshops to the communities they serve, and help us reach more communities ...

Early bird registration extended to July 31st   Jane Rooney, Canada’s Financial Literacy Leader, Eldar Shafir, Princeton University’s renowned behavioural scientist, and Ray Boshara, leader of the US Federal Reserve’s  research on household financial stability, are just a few of the high profile speakers that will be featured at this year'...

Early bird registration is now open for the 2015 ABLE Financial Empowerment Conference being held on November 2-3, 2015 at the Allstream Centre in Toronto. This year’s conference theme is, Aligning for Impact, engaging stakeholders from all sectors around a common vision for financial empowerment in Canada. We’d be thrilled to have you join us!  The ABL...

The 2015 federal budget released yesterday in Ottawa contained a number of provisions that will affect Canadians with low-incomes and the community organizations working with them to provide financial empowerment supports.  For more information, please see the Budget in Brief  or the full Budget Plan.  Financial Literacy Partnership Fund ($10 million) &...

The report, Financial Counselling for People Living on Low Incomes: International Scan of Best Practices, was released earlier today in a webinar hosted by Liz Mulholland, CEO, Prosper Canada. Liz discussed findings from the report, which looks at emerging ideas on best practice in financial counselling for people living on low incomes. The report summarizes research undert...