Discover financial empowerment resources
Discover financial empowerment resources
Working poverty is pervasive, racialized, and until the pandemic, was increasing in Toronto and across Canada. Until the pandemic, this increase was counterintuitive, during 2006 to 2016, as most of this ten-year period had been characterized by one of the most prolonged economic recoveries in...
The introduction of Tax-Free Savings Accounts (TFSAs) in 2009 transformed how Canadians save. One of the main reasons for creating TFSAs was to provide a taxassisted savings instrument for low-income Canadians to enable them to improve their retirement income. Now, 10 years later, many low-income...
A presentation on how financial coaching is different, client interaction and program evaluation and coaching as presented by Richard Simonds of Family Services of Greater...
Since taking office in the fall of 2015, the Liberal government has made important changes to the publicly administered components of Canada’s retirement income system (RIS). It has restored the age of eligibility for benefits under Old Age Security (OAS) and the Guaranteed Income Supplement...
This review looks at the activities, impact, and drivers and barriers to success of four types of community-led approaches: voluntary action, community organising, social action and community economic...
Ensuring the economic well-being of Canada’s growing population of seniors is an important and complex public policy challenge that the new federal government must grapple with. Few disagree with the goal of providing all citizens with the means for a dignified and economically secure retirement....
This brief examines the financial challenges confronting low-income older adults, with a focus on housing costs. It estimates the share of adults who have inadequate income, reports their income sources, and describes their spending patterns. Data come from the American Community Survey and the...
Policy makers have embraced financial education as a necessary antidote to the increasing complexity of consumers’ financial decisions over the last generation. This research conducts a meta-analysis of the relationship of financial literacy and of financial education to financial behaviours in...
In this report, the take-up of government benefits is presented as one indicator of Canadians’ financial literacy—that is, their “knowledge, skills and confidence to make responsible financial decisions.” Low take-up rates clearly suggest that some Canadians lack the financial literacy...
This working paper compares three commonly used measures of low income used in Canadian poverty analysis. It is the fourth in a series of working papers intended to promote a discussion by participants in our Sounding Board and others. Thresholds and incidences of low-income for the Low Income...