Province to Assist Those on Low Income
Ontario is helping people who are living on low incomes access resources to improve their financial security.
Dr. Helena Jaczek, Minister of Community and Social Services, and Daiene Vernile, MPP for Kitchener Centre, were at The Working Centre in Kitchener today to announce that Ontario is renewing funding for programs to help people living on low incomes to manage their finances.
The investment will support Prosper Canada’s Financial Empowerment and Problem Solving program for another four years. This program provides help for thousands of people in Ontario through resources including personalized financial coaching sessions, financial literacy workshops and clinics to help people with their taxes.
The funding will also support five new Ontario Financial Empowerment Champions, which are non-profit organizations that will develop local solutions to improve financial literacy in their communities:
- EBO Financial Education Centre in Ottawa
- WoodGreen Community Service in Toronto
- Family Service Thames Valley in London
- Sudbury Community Service Centre
- Thunder Bay Counselling Centre.
Increasing the financial security and literacy of people in Ontario is part of our plan to create jobs, grow the economy and help people in their everyday lives.
- The government is investing up to $8 million in Prosper Canada and other service delivery partners to help low-income individuals learn how to better manage their finances.
- In the past two years, nearly 16,000 people in Ontario have benefitted from the services offered through the Financial Empowerment and Problem Solving program.
- Each Financial Empowerment Champion will receive up to $150,000 per year over the next five years to provide services and supports to help people improve their financial outcomes and security, and also to train community service providers to deliver financial empowerment services.
- The Financial Empowerment and Problem Solving program was created by West Neighbourhood House in Toronto who worked to expand it to two additional sites in Toronto: Jane Finch Community and Family Centre and Agincourt Community Services Association. It was further expanded with provincial funding to The Working Centre in Kitchener.
- Read about Prosper Canada’s work in financial empowerment
“For many people living on low incomes, gaining financial literacy skills is an important step in becoming more financially secure and independent. I’m pleased that we’re continuing to work with Prosper Canada to help more people learn how to manage their finances.” — Dr. Helena Jaczek, Minister of Community and Social Services
“These financial empowerment supports will help people with low incomes participate more fully in their communities and build their financial security. The government is committed to improving opportunities to support the economic and social inclusion of everyone in Ontario.” — Charles Sousa, Minister of Finance
“Providing financial coaching to low income people in our community helps to build financial literacy and security. This is a very significant partnership between our government and The Working Centre in Waterloo Region, as together we offer important financial services in our community.” — Daiene Vernile, MPP, Kitchener Centre
“Ontario is leading the way in implementing financial empowerment supports for people with low incomes. We are excited to be moving forward with our FEPs and Ontario FEC partners to generate new insights and to continue innovating financial empowerment improvements that can help more Ontarians living on low incomes succeed financially.” — Elizabeth Mulholland, Chief Executive Officer of Prosper Canada
“Increasingly, supports for people living on a limited income are being delivered through the tax system; managing your finances is highly complex work when there just isn’t enough money to go around. The FEPS project helps us work together with people to problem-solve through these complexities. Last year with support from the FEPS project, The Working Centre helped over 4,000 people complete their income tax returns.” — Stephanie Mancini, Co-ordinator, The Working Centre