Discover financial empowerment resources
Discover financial empowerment resources
Statistics Canada has updated preliminary estimates of the Indigenous economy, defined as gross domestic income (GDI) earned by Indigenous workers and Indigenous-led businesses (where 50% +1 of the owners identify as Indigenous), along with data on jobs held by Indigenous people. This latest...
Many people living in First Nations communities do not have access to housing that is safe and in good condition—a fundamental human right. Improving housing for First Nations is vital for their physical, mental, and economic health and well-being. This is the fourth time since 2003 that we...
The report presents a summary of CDSP annual statistics up to the end of 2022. These include the RDSP take-up rates, the number of RDSP beneficiaries, and the values of CDSB, CDSG, contributions, and total assets. Starting in 2024, the program will release comprehensive CDSP statistics on an annual...
Reaching Home: Canada's Homelessness Strategy is a community-based program aimed at preventing and reducing homelessness across Canada. This program provides funding to urban, Indigenous, rural and remote communities to help them address their local homelessness needs. Click "Access this resource"...
As people in Canada navigate the impacts of a challenging economic environment that includes inflation, the rising cost of living, record debt levels, and high levels of income volatility, we’re seeing a greater connection between financial and emotional wellbeing. With these external factors...
The overall purpose of the collaborative project between Seneca College and Prosper Canada was to build a supportive booking system for tax clinics serving low-income...
This is the 2023 report on the progress of Opportunity for All – Canada’s First Poverty Reduction Strategy (PRS). While COVID-19 still threatens communities in Canada and around the world, the public health measures have largely been lifted. Temporary economic measures have also ended. At the...
From June – July 2023, ONN conducted our fourth annual sector-wide survey to gather critical data on the state of Ontario’s nonprofits regarding their financial health, staffing and volunteers, and general operations. Nearly 1,400 nonprofits, charities, and grassroots groups across the province...
The FCAC has updated their dashboard that present the result of two FCAC surveys: the COVID-19 Financial Well-being Survey and the Survey on Canadians' use of Bank Products and Services. The dashboard was updated in July 2023 with data collected between August 2020 and May 2023. Some indicators...
Two articles released in Economic and Social Reports provide insights on the poverty rates and changing demographics of racialized population groups in Canada. The article "Poverty among racialized groups across generations," shows that most racialized groups had higher poverty rates...
Longevity literacy is an understanding of how long people tend to live upon reaching retirement age. It is particularly important since retirement income security requires planning, saving, and preparing for a period that is uncertain in length. This matters because longevity literacy is...
Recent increases in the cost of living and declining real estate values had unprecedented impacts on net saving and wealth for more financially vulnerable households in the first quarter, such as those with lower incomes, less wealth, and in younger age groups. Statistics Canada has gathered data...
Employment and income experiences for persons with disabilities often differ from persons without disabilities. Barriers to accessibility within these areas often lead to lower employment rates and decreased income levels for persons with disabilities, in relation to persons without...
A prolonged period of rising inflation and interest rates has led to another significant downturn in the financial wellbeing of adult Canadians, risking their retirement readiness and security, according to the 2023 Canadian Retirement Survey from Healthcare of Ontario Pension Plan (HOOPP) and...
Building the Case provides evidence for the federal government to urgently step up to support single, working-age adults in Canada. This group experiences Canada’s highest and deepest rates of poverty and some of the country’s highest rates of food insecurity. By analyzing publicly...
This presentation at the Canadian Economics Association by Professor Annamaria Lusardi, looks at how we measure financial literacy, how we measure the impact of financial literacy on behaviour, how this data and these findings may be used to design policy and programs and what the implications for...
Using data primarily from the 2021 Canadian Housing Survey, this study applies a gender lens to examine the characteristics of Canadians living in subsidized housing. It examines the experiences of renters in subsidized housing and their satisfaction with their dwelling and neighbourhood, drawing...
In 2022, the Consumer Price Index rose 6.8%, the highest increase since 1982 (+10.9%). Prices for day-to-day goods and services such as transportation (+10.6%), food (+8.9%) and shelter (+6.9%) rose the most. Canadians felt the impact of rising prices. Data from the Canadian Social Survey...
This study uses the 2022 Portrait of Canadian Society Survey to examine the impact of rising inflation on the lowest income Canadians. Using multiple pre-pandemic data sources, the study takes a closer look at people living in the bottom family income quintile, examining their family income, debt...
In response to Canada's Anti-Racism Strategy, Statistics Canada's Centre for Gender, Diversity and Inclusion Statistics is releasing a second set of five data tables on social inclusion. Over 20 new indicators, for a total of over 120 indicators, can now be used to examine various...
Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise tends...
While available research indicates that gender-diverse persons experience intersecting challenges to accessing adequate housing in Canada, there has been limited human rights analysis of this group’s experiences. Available research indicates that trans and gender-diverse persons experience...
The Organisation for Economic Co-operation and Development (OECD) is an international organisation establishes evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. The OECD/INFE Toolkit includes a financial literacy questionnaire...
In 2014, a group of non-retired Canadians aged 55 or older was asked about their financial expectations for retirement. New data from 2020 reveal how this same group of Canadians - now retired- is doing...
Using data provided by provincial and territorial government sources, Welfare in Canada, 2021 describes the components of welfare incomes, how they have changed from previous years, and how they compared to low-income thresholds. Access the report here. During the launch event, the report’s...