News

There are many reasons to build savings, for example to create an emergency fund, or to put aside money for a large purchase. For parents, starting to save for your child’s post secondary education as soon as possible is extremely valuable. There are many advantages to pursuing higher education. In addition to building greater resiliency in life, higher education ca...

TORONTO, July 23, 2018 – A new money management booklet was recently published to support organizations and communities serving Indigenous Peoples with money conversations. Developed jointly by AFOA Canada and Prosper Canada, Managing Your Money: Tools and tips to help you meet your goals features a number of interactive worksheets to help Indigenous individuals and fa...

OTTAWA, June 26, 2018 /CNW/ - Canada's Financial Literacy Leader, Jane Rooney, and the National Steering Committee for Financial Literacy today announced the members of the Financial Literacy Research Sub-Committee for 2018-2020. This group of thought-leaders will build on the landmark National Research Plan on Financial Literacy, which was developed by the inaugural Sub...

Leaders of Canada’s nonprofit and charitable sector recently launched an initiative for a first-of-its-kind national, portable retirement income plan.   With a steady decline in pension plan coverage outside of the public sector, building a secure retirement is increasingly an issue for workers. Learn more.

Canadians are experiencing unprecedented levels of household debt, while failing to save adequately for both short term emergencies and their retirement. Consider these facts:   On average, Canadians owe $1.71 for every dollar of annual income Our total household debt is greater than our GDP (101 per cent) and the highest in the OECD The International Bank...

Daisy Wai, a former Prosper Canada (then SEDI) program participant and Board member, was elected Member of Provincial Parliament in the Ontario electoral district of Richmond Hill on June 7th.    An award-winning entrepreneur who launched her first Canadian business as a member of Prosper Canada’s Self-Employment Benefit program, Daisy was also an acti...

The new Prosper Canada Learning Hub connects you to resources, research, and learning material from the world of financial empowerment. We invite you to contribute to this growing library of over 750 resources so far!   If you know of research reports, learning resources, videos, or other financial empowerment resources that have helped you in your work, you can ...

Nobody working to financially empower people with low incomes needs to be convinced that policy change is needed to remove systemic barriers, create a fairer playing field, and enable more equitable financial outcomes for all Canadians.  So when it comes to moving the policy dial, how are we doing?    To answer this question, we need a yardstick to m...

IIROC secures stronger enforcement authority thanks to passage of new Manitoba securities legislation  Manitoba legislative changes strengthen investor protectionJune 5, 2018 (Winnipeg, Manitoba) – The Investment Industry Regulatory Organization of Canada (IIROC), today thanked the Government of Manitoba for passing legislation that gives IIROC more effective to...

We are excited to announce the launch of our new Learning Hub, an online platform that offers convenient and easy access to financial empowerment resources.    The Learning Hub supports frontline practitioners, policymakers, funders and advocates looking for information to help advance their financial empowerment work. Located in the Resources section of the...