Tools for building financial wellbeing in First Nation communities
Author: Prosper Canada
Topic: Best practices
Location: Canada
Format: Toolkit
Content Type: Prosper Canada Toolkits
Publication Date: December 8, 2022

The Financial Wellness in First Nations project is a two-year pilot project where with support from Prosper Canada and advisory support from AFOA Canada, FEC partners in Winnipeg and Sudbury will adapt current models that address the needs and capacities of First Nation communities. 

This collection of financial empowerment tools and resources may be shared with both Indigenous and non-Indigenous organizations building financial wellness in FN communities.

This toolkit (see below) has been compiled by Prosper Canada, with support from:

SEED Winnipeg,

Community Financial Counselling Services (CFCS),

Sudbury Community Service Centre,

AFOA Canada

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*Resource is not specific to Indigenous communities

Money Management:

Dollars and Sense Program– AFOA Canada
Financial workshops for youth
Managing your money – Prosper Canada
Worksheets to set and work towards money goals
Financial literacy for Indigenous Peoples – RBC
A two-hour course on financial basics
Money Matters for Indigenous Peoples – ABC Literacy
Money Matters workbooks
Money stories– SEED Winnipeg
Customized money management training program for Indigenous youth
Empower U– Esquao Institute for the Advancement of Aboriginal Women
Financial literacy program
The Game Plan – Indigenous Story Studio
Comic book on financial literacy (paid resource)
Financial Education Online*– Credit Counselling Society
Short online courses
Dollars and Sense* – Texas A&M (USA)
Online simulation for Middle and High School Students
Simple budget template* – Prosper Canada
Student budget worksheet* – FCAC
Gift planning worksheet*- Sudbury Community Service Centre
Budget planner* – Government of Canada

Debt/Credit:

Credit– AFOA Canada
A Money Smarts podcast on how to build and keep credit in good shape
Proper use of credit* – Sudbury Community Service Centre
Tips on how to build good strong credit
Collection Agencies and You*- Sudbury Community Service Centre
Tips on your rights if contacted by a collection agency
Credit report request form* – Sudbury Community Service Centre
Equifax and TransUnion request forms
Credit report sample*– FCAC
Dangers of credit* – Sudbury Community Service Centre
The dangers of the different forms of credit available
Payday loans and you* – Sudbury Community Service Centre
Understanding how pay day loans work
Dealing with debt* – Prosper Canada
A collection of worksheets to help you make a plan to deal with debt
Debt consolidation calculator * – Ontario Securities Commission
Combine multiple debts into one and calculate how soon you could be debt free
The 4 cornerstones of debt reduction strategies & budgeting* – Credit Counselling Society

Retirement:

Low-income retirement planning* Open Policy
A background paper on maximizing GIS

*Resource is not specific to Indigenous communities

Tax filing:

Roundtable on Income Tax Filing Supports in First Nation communities and Indigenous organizations (presentation) – Prosper Canada & AFOA Canada
Insights on planning free tax clinics in Indigenous communities – Prosper Canada
Podcast: Host a Free Tax Clinic – AFOA Canada
How to host a tax clinic (manual) – AFOA Canada
Tax packages*– CRA

Benefits:

Benefits wayfinder* Prosper Canada
Canada Learning Bond* – MySmartFUTURE, AFOA Canada
Canada Learning Bond*– Government of Canada
Podcast: Tax filing and accessing financial benefits -AFOA Canada

*Resource is not specific to Indigenous communities

Money Smarts -AFOA Canada
podcast series

The shared path- First Nations Financial Wellness– Prosper Canada & AFOA Canada

Financial empowerment: Personal finance for Indigenous and non-Indigenous People – Bettina Schneider
Adaptation of openly licensed textbook Person Finance v 1.0 by Saylor Academy

Financial health & wealth: an initiative by the Native Women’s Association of Canada 

Access to ID:

Access to Identification for Low-Income Manitobans* – Canadian Centre for Policy Alternatives, MB
Research on what can be done to address challenges around ID
Eyeing the ID: Bio-metric Banking for Saint John* – NB Social Pediatrics and the Saint John Community Loan Fund
Identifies access to identification, as well as stringent identification requirements as the most prevalent barriers to receiving services