Incentivized Savings: An Effective Approach at Tax Time
Author: Momentum
Topic: Asset building and saving, Tax filing and benefits
Publisher: Momentum
Location: Alberta, Canada
Format: Report
Content Type: Programs
Publication Date: November 15, 2019

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.

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