Discover financial empowerment resources
Discover financial empowerment resources
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...
The most recent 2018 data from the Longitudinal Immigration Database (IMDB) indicate that immigrant children make a significant contribution to Canadian society and the Canadian economy over time. Although immigrant children (32.2%) are more than twice as likely as non-immigrant children (15.4%)...
Our cities and communities are where people live. It is here we see the effects of public policy and it is here where we will address the issues that matter most to Canadians. The choices made today will impact Canada’s recovery from COVID-19. If we want a future where our cities are thriving, we...
In this paper, administrative Canadian tax data are exploited to compute measures of intergenerational income mobility at the national, provincial and territorial levels. This work provides detailed descriptive evidence on trends in social mobility. Five cohorts of Canadians, born between 1963 and...
The infographic "Intergenerational income mobility: The lasting effects of growing up in a lower-income family" based on the article "Exploration of the role of education in intergenerational income mobility in Canada: Evidence from the Longitudinal and International Study of Adults," published in...
During the widespread lockdown of economic activities in March and April 2020, the Canadian labour market lost 3 million jobs. From May to July, as many businesses gradually resumed their operations, 1.7 million jobs were recovered. While studies in the United States and Europe suggest that...
This one-page fact sheet tells you everything you need to know to make your child's future possibilities grow! The Canada Learning Bond (CLB) is a grant of $500 up to $2000 from the Government of Canada to eligible families to help with the cost of a child’s education after high school. It...
Upwards of 450,000 Indigenous people identify as having a disability, functional, or activity limitation, but it is unknown how many of those people are women, girls, or gender diverse because of inaccurate and insufficient data. Indigenous people are more susceptible to living with a disability...
A major national survey conducted in 2016 reveals a bold portrait of Canada’s Millennials (those born between 1980 and 1995), that for the first time presents the social values of this generation, and the distinct segments that help make sense of the different and often contradictory stereotypes...
We use data for a large sample of Ontario students who are observed over five years from their initial entry into high school to study differences in postsecondary education participation. The students are grouped by average neighbourhood income and birthplace (Canadian or foreign‐born). We find...
For the past 15 years, I have had the privilege of working at the Tamarack Institute, where we observe, document, and teach collective action to individuals and communities seeking to improve their social and economic conditions. We have landed on five core ideas to explain and teach this community...
Millennials (loosely defined here as those born between 1980 and 2000) are often characterized as facing tougher labour market conditions and homeownership barriers, despite being the most highly educated generation in history. However, Canadian millennials are faring better economically than is...
This is a guide to opening an RESP for education savings in Canada. You can open an RESP at almost any financial institution—including a bank, trust company or credit union—or an investment or scholarship plan dealer. You can open an RESP as soon as the child is born. The money in the plan...
In this chapter I examine whether and how the relationship between family socioeconomic characteristics and academic achievement has changed during the last fifty years. In particular, I investigate the extent to which the rising income inequality of the last four decades has been paralleled by a...
In this paper we seek to determine the effect of assets held in early adult life on later outcomes. We specifically look at wages, employment prospects, general health and malaise. We employ a number of statistical techniques in our search for the causal effect of assets on adult health and...
The Canada Learning Bond (CLB) is an educational savings incentive that provides children from low income families born in 2004 or later with financial support for post-secondary education. Personal contributions are not required to receive the CLB, however take-up remains low among the eligible...
The Canada Learning Bond is money available to children and youth born in 2004 or later from low and moderate income families. You can get up to $2000 from the Government of Canada by opening an Registered Education Savings Plan (RESP). You can access this money when you enroll in full-time or...
