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September 2016 | Issue No. 18
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Where have all our nest eggs gone?
There was a time, not very long ago, when Canadians were savers. In 1982, we routinely set aside 20 per cent of our yearly income for large household purchases, education, starting businesses, retirement or just plain rainy days. Having a savings ‘nest egg’ was accepted wisdom and the norm. Then something changed…
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What's New
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Funding opportunity to expand financial empowerment across Ontario
We are currently accepting applications from not-for-profit and charitable organizations that are interested in becoming Ontario Financial Empowerment Champions. Please review the application materials and apply online by 5:00 p.m. (EDT) on Friday, November 4, 2016. This project aims to expand proven financial empowerment interventions across Ontario over the next four and a half years. Read |
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Benefits Screening Tool’s success leads to Phase 2
The Benefits Screening Tool enables health practitioners to screen patients for poverty and suggest government benefits they may be eligible for, but not receiving. Read the project report to see the results from Phase 1 and the details for Phase 2. Read |
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Help us improve our website
If you’ve visited our website at www.prospercanada.org please help us improve the visitor experience. Kindly take a moment to complete our brief survey. Read |
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Prosper Canada one of six charities in Gift the Code Hackathon
Capital One has chosen Prosper Canada as one of six charities for their Gift the Code Hackathon on October 21-23 in Toronto. The Hackathon is a 40-hour coding event where over 100 coders and designers will work together to form solutions to the digital challenges faced by the six charities. Learn what challenges coders will be working on for Prosper Canada. Read |
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Learn about Financial Empowerment |
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Blog
Health-care providers join the fight against poverty
Dr. Gary Bloch, a family physician at St. Michael’s Hospital in Toronto, has spent years treating patients living on a low income for many illnesses he believes are linked to poverty. Read |
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Highlights from the Field
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Financial empowerment mentioned in Edmonton’s poverty reduction strategy
The financial empowerment field continues to grow, especially with the recent mention of expanding the spectrum of financial empowerment initiatives as a method to reduce poverty in EndPovertyEdmonton's poverty reduction Implementation Road Map. See page 31 of the Road Map for details. Read |
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The Canada Learning Bond: A saving success story
When micro-financiers first began extending small loans to low-income households decades ago their approach challenged conventional notions of business and charity and was dismissed as high-risk and unsustainable. The skeptics were wrong. Around the world, micro-lending proved that low-income clients are not only responsible money managers they’re also an excellent investment. Read |
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Poll
Youth with savings are 50% more likely to attend post-secondary school. |
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Upcoming Events
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October 4-5, 2016 |
Free Financial Literacy Facilitator Training Workshop – Saint John
Do you work with Newcomers to Canada? Would you like to offer them financial literacy education? Please join us for a Financial Literacy Facilitator Training Workshop! Read |
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November 1-2, 2016 |
Mastering Money Conference – Toronto
CPA Canada’s first annual financial literacy conference is a must-attend for those who want to learn how organizations are improving the financial health of Canadians. Read |
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November 2, 2016 |
Insights on hosting volunteer income tax clinics – Webinar
Experts will share their knowledge and practices on what it takes to host volunteer income tax clinics in this 1.5 hour webinar. Read |
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November 7-11, 2016 |
Credit Education Week
Credit Education Week Canada (CEWC) is now in its 10th year. This year’s theme is titled “Financial Wins”, with a focus on helping Canadians successfully launch to reach their financial goals. Read |
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November 14-20, 2016 |
Education Savings Week
Join organizations across Canada the week of November 14-20, 2016 for Education Savings Week. Read |
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November 30, 2016 |
Tax filing supports: Alternatives to tax clinics – Webinar
In this webinar we will hear from frontline organizations supporting tax filing in ways other than (or in addition to) the community tax clinic – for example, drop-off tax filing or one-on-one client support. Read |
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Donate to Prosper Canada
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Contact Us
60 St. Clair Avenue East,
Suite 700,
Toronto, Ontario M4T 1N5
Tel: 416 665 2828
Toll free: 1 877 568 1571
info@prospercanada.org |
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