cover image: Defining Canada’s financial help gap Missing for those who need

20.500.12592/jfwtb5

Defining Canada’s financial help gap Missing for those who need

24 Apr 2023

Executive Summary Defining Canada’s financial help gap Missing Evidence tells us that access to relevant, high-quality financial help and advice is associated with The report’s findings were informed by the greater financial health1 and resilience,2 but not all participation of financial help providers for those Canadians have access to the financial help and from all sectors – including retail ba. [...] Canadians with low incomes are credit unions, insurance providers, financial frequently unable to access the types of help they planners, credit counsellors, commercial need to build their financial capability, maximize tax preparers, governments and non-profit who need their incomes, tackle urgent financial problems, community organizations.and set and pursue financial goals. [...] Prosper Canada | Executive Summary 2 Percentage of ‘Extremely Vulnerable’ and ‘Financially Vulnerable’ households Financial help services and providers Building on research evidence, consultation with The financial help sector includes diverse service community stakeholders with deep expertise on the providers who offer these services to Canadians financial help needs of people with low incomes, m. [...] Because most commercial financial help services publication of more comprehensive, disaggregated, are not designed for people with low incomes, there national data on access to financial help services, are few appropriate financial help services for and financial inclusion more broadly. [...] Building on these findings, Prosper Canada will work with the Project Advisory Committee and cross-sectoral stakeholders to identify effective solutions to fill current financial help gaps for people with low incomes and to develop a comprehensive solutions framework that identifies how each sector can help ensure every Canadian has access to the financial help they need to build their financial h.
Pages
6
Published in
Canada