A tax refund is often the largest amount of money a low-income household will receive throughout the year. It offers a unique opportunity to think long term and save for the future. Thus, in 2018, Momentum launched a new pilot program called Tax Time Savings (TTS), presented by ATB. It was through a dedicated collaboration with ATB Financial, Aspire Calgary, Sunrise Community Link Resource Centre, Centre for Newcomers, and First Lutheran Church Calgary that made it all possible.
This report shares results and highlights from the 2018 Tax Time Savings program. 93% of participants earned the maximum match of $500.