Discover financial empowerment resources
Discover financial empowerment resources
Saving for your child’s education can be difficult, especially if you are trying to save for multiple goals or pay down debt at the same time. The federal government offers contributions to your child’s Registered Education Savings Program (RESP) through its grant programs: the Canada...
It pays to make saving a habit. Look for easy ways to build saving into your life and to make it...
The Canada Learning Bond (CLB) is money that the Government adds to a Registered Education Savings Plan (RESP) for children from low-income families. This money helps to pay the costs of a child’s full- or part-time studies after high school at apprenticeship programs, CEGEPs, trade schools,...
Estimate your child(ren)'s future education costs, and see how your planned RESP savings, including contributions and grants, will cover those...
The Canada Education Savings Program (CESP) recently developed a Toolkit for Public Primary Caregivers to help child welfare organizations open Registered Education Savings Plans (RESPs) and access the Canada Learning Bond (CLB) for children in care. Most children in care automatically qualify...
The Canada Learning Bond is money that the Government of Canada adds to a Registered Education Savings Plan (RESP) to help pay the costs of full- or part-time studies after high school. If you are eligible for the Canada Learning Bond and have not already received it in an RESP, you will receive...
Momentum is a changing-making organization located in Calgary, Alberta that works with people living on low incomes and partners in the community to create a thriving local economy for all. In 2008, Momentum launched the StartSmart program to support families living on low incomes to open...
Children’s Savings Account (CSA) programs offer a promising strategy to build a college-bound identity and make post-secondary education an achievable goal for more low- and moderate-income children. CSAs provide children (starting in elementary school or younger) with savings accounts and...
This resource offers a set of common indicators that community organizations can use to measure the reach and impact of their financial empowerment (FE) programming. It is intended for any community organization that works to foster greater financial well-being for economically disadvantaged...
America Saves, a campaign managed by the nonprofit Consumer Federation of America, motivates, encourages, and supports low- to moderate-income households to save money, reduce debt, and build wealth. Information and tips for setting a savings goal, making a savings plan, how to save...
Matched Savings programs, or Individual Development Accounts, are a financial empowerment strategy that aim to build financial stability and reduce poverty. These programs build sustainable livelihoods by working with participants to earn savings while learning about money management, build regular...
The ability to build assets allows an individual or family to meet long-term financial goals and create economic stability for the future. This toolkit contains resources on goal setting, action planning and information on financial products and government supports that can help with building...
Parents can save for their children's postsecondary education by opening and contributing to a Registered Education Savings Plan (RESP) account, which provides tax and other financial incentives designed to encourage participation (particularly among lower-income families). While the share of...
This two-page brochure describes the benefits of acting now to receive $500 to help start saving for a child's education after high school. The brochure is also available in the following Indigenous languages: Canada Learning Bond – Cree Canada Learning Bond – Denesuline Canada Learning...
This printable brochure from the Government of Canada explains the key details you need to know when choosing a Registered Education Savings Plan (RESP) for your child's education...
This fact sheet from the Government of Canada answers Frequently Asked Questions about the Canada Education Savings Plan. This includes details about the Canada Learning Bond, the Canada Education Savings Grant, and Registered Education Savings Plans...
This brief discusses the benefits that Children's Savings Accounts (CSAs) bring to help more families save for their children's education. Recommendations to federal policies in the United States are made for the purpose of helping families to start saving early to build greater savings and...
This fact sheet from ESDC explains how to open an RESP and access the Canada Learning...
Proliteracy.ca analyzes historical living expenses from over 160 cities and tuition from over 100 universities and colleges in Canada to predict the cost of post secondary education in the future. Their tool suggests financing options based on your profile. Learn about RESP, grants, scholarships...
Not having a Social Insurance Number (SIN) and not filing taxes may represent challenges to access government programs and supports such as the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB). Limited data availability has prevented a full assessment of the extent of these...
Answer the questions in this Government of Canada online tool to get a customized list of benefits for which you may be eligible. The Benefits Finder may suggest benefits from federal, provincial or territorial...
This report from Prosperity Now shows the importance of matched savings programs called 'Promise Accounts' which help families successfully save for their futures. They are especially important for households of color as compared to white households. Decreasing economic inequality and closing the...
This webinar shares results on Statistics Canada research on barriers to uptake for the Canada Learning Bond (CLB). Specifically, this research examines whether tax filing or Social Insurance Number (SIN) access are greater barriers to accessing the CLB. Read the slides which accompany this...
Introduced in 1998, the Canadian Education Savings Program (CESP) was designed as an incentive to encourage education savings for the post-secondary education of a child. The program is centred on Registered Education Savings Plans (RESPs), where savings accumulate tax-free until withdrawn, to pay...
In this brief, we articulate why collaboration between community foundations and CSA programs is in their mutual interest. We describe the variety of roles that community foundations can play in promoting the growth and success of CSA programs, and then identify the primary challenges encountered...
