YORK NORTH, ON, August 15, 2022 /CNW/ – Canadians have been living with the effects of the pandemic for two and a half years, and marginalized adults are among those hardest hit. Many low-income adults have struggled with poverty and social isolation. Financial empowerment services can help them deal with these challenges and participate more fully in their communities.
Today, the Minister of Families, Children and Social Development, Karine Gouldannounced that 11 projects are receiving up to $110.6 million to address the financial empowerment of low-income adults.
Minister Gould made the announcement at the YMCA Community and Employment Programs Center in North York, Ontario. The YMCA of Greater Toronto receives $2$0.7 million for a new financial empowerment and wellness program aimed at increasing financial literacy and confidence. With this funding, the charity will be able to work in partnership with organizations such as the Canada Revenue Agency to provide low-income families across the Greater Toronto Area with access to financial literacy workshops, information sessions and advice.
Funding is provided through the Children and Families component of the Social Development Partnerships Program. This program plays a unique role in the pursuit of broad social objectives by making strategic investments to support government priorities related to children and families, persons with disabilities, the voluntary sector, official language minority communities and other vulnerable populations. It offers the opportunity to work in partnership with non-profit social organizations to help improve the living conditions of these target groups.
The government of Canada launched two calls for proposals on May 25, 2021, representing an investment of up to $39 million over five years, for projects to support the financial empowerment of low-income adults and the social inclusion of vulnerable children and youth . Organizations had until July 6, 2021 to submit their proposals.
Quotation
“All Canadians deserve a fair chance to succeed. The projects we announced today will help give marginalized adults the tools and resources they need to develop their financial literacy and take important steps towards joining the middle class.
– Minister of Family, Children and Social Development, Karine Gould
“Charities play a vital role in supporting marginalized and low-income Canadians. The government of Canada is proud to contribute to this work towards a more equitable world Canada.”
– Ya’ara Saks, Parliamentary Secretary to the Minister for Families, Children and Social Development and MP for York Center
“We know that many people in our communities have been disproportionately affected by the pandemic, which has reduced their potential. This funding will help us support equity-deserving individuals, especially those going through a short-term credit crisis, with an education that includes financial planning skills to increase their overall financial well-being. »
– Medhat MahdyPresident and CEO, YMCA of Greater Toronto
Fast facts
-
The government of Canada rebuilds a healthier, more inclusive and more equitable society Canada by investing in projects that will help marginalized populations adapt and succeed.
-
COVID-19 has had a disproportionate impact on marginalized Canadians, and many have struggled with poverty and social isolation as a result. Financial empowerment services can help low-income adults cope with these challenges and participate more fully in their communities.
Related links
Budget 2021: A recovery plan for jobs, growth and resilience
Government of Canada calls for proposals to support vulnerable Canadians
Information document
Social Development Partnerships Program
The Social Development Partnerships Program (SDPP) is a grants and contributions program that supports investment in not-for-profit organizations to help improve the lives of children and families, people with disabilities and other vulnerable populations. The program is divided into two components: the disability component and the children and families component.
The program offers the opportunity to work in partnership with non-profit social organizations to help improve the living conditions of these target groups. Program-funded activities are expected to lead to the development and sharing of knowledge on existing and emerging social issues; the creation of collaborations, partnerships, alliances and networks; and developing approaches to address existing and emerging social issues.
Social Development Partnerships Program – Children and Families Stream
The Children and Families stream of the SDPP funds socially innovative projects that maximize outcomes and community impact through partnerships and social innovation.
The program enables innovative approaches proven to reach more Canadians in response to the complex and persistent social challenges faced by marginalized populations. This supports the government of from Canada Social Innovation Priorities, which encourage promising, results-oriented initiatives that increase the impact of federal spending and increase participation from all sectors.
PPDS – Children and Families Component: Calls for Proposals – Financial Empowerment Projects
The 11 projects funded under the financial empowerment component of the Children and Families component of the PPDS are:
|
Organization |
Project description |
|
HRDA Enterprises Ltd. (MetroWorks Employment Association) (Halifax, Dartmouth, Inverness – Nova Scotia)
|
Nova Scotia Financial Empowerment Network
This project proposes to increase the financial empowerment of low-income adults by providing financial literacy training, tax filing services, and access to knowledge and tools to access government benefits and RESPs.
|
|
SEED Winnipeg Inc. (Winnipeg, other municipalities and First Nations communities – Manitoba; Inuit communities – Nunavut)
|
Expanding the Reach and Scale of Financial Empowerment in Manitoba
This project will provide financial empowerment services (such as tax filing, access to benefit navigation, financial counseling and coaching, financial literacy, and access to banking services) to Manitobans low-income Winnipeg and First Nations communities, as well as Inuit communities in Nunavut. .
|
|
South Asian Women’s Rights and Immigrant Services Inc. (Toronto, Ontario)
|
Financial Empowerment for Low-Income Racialized Adult Newcomers in East Danforth
This project proposes to develop and implement financial empowerment services and supports to improve the financial well-being of low-income communities who are racialized, newcomer women, and seniors.
|
|
YMCA of Greater Toronto (Etobicoke, North York, Mississauga, Pickering, Scarborough, Richmond Hill – Ontario) |
Financial Empowerment and Wellbeing Program (FEWP)
This project offers financial empowerment and literacy services. It aims to provide access to financial literacy workshops, information sessions and advice to local low-income families.
|
|
Women’s Y of Canada (Toronto, Cambridge – Ontario; Vancouver, Victoria – British Columbia; Halifax – Nova Scotia; St. John’s – Newfoundland and Labrador)
|
Dollars and Sense: Economic Empowerment for Low-Income Women and People of Diverse Gender Identities
The project will help meet the needs of participants with a focus on vulnerable and marginalized communities and improve their economic status and financial literacy.
|
|
John Howard Society of Windsor and Essex County (Windsor – Ontario)
|
Financial Education and Empowerment Program
This project proposes to empower low-income people to take the necessary steps to move towards a more positive future by addressing the lack of financial empowerment and literacy support programs and services offered in the area. of Windsor-Essex, Ontario.
|
|
Canadian Refugee Initiative (Montreal, Quebec)
|
Financial Empowerment of Low-Income Racialized Adult Newcomers/Refugees in Montreal
This project proposes to financially empower an additional 600-1,200 low-income racialized immigrants and refugees, using a series of tailored workshops, annual tax clinics, and financial/entrepreneurial coaching to ensure financial well-being.
|
|
Consumers Union (Montreal, Thetford-Mines, Laval, Joliette, Rivière-du-Loup, Sherbrooke, St-Hyacinthe, Quebec, Lévis, Trois-Rivières, Shawinigan – Quebec)
|
Towards financial autonomy: the strength of a network
This project proposes to provide financial empowerment activities and services to improve various aspects of the financial well-being of low-income Canadians. The project will benefit approximately 25,360 low-income Canadians, including newcomers, women, homeless people, people with low literacy, some Indigenous communities, low-income households and low-income groups.
|
|
Greater Trail Community Skills Center Society (Trail – British Columbia)
|
Training in financial navigation for the basin and the border
This project proposes to provide financial empowerment activities and services by creating a financial navigation training program for low-income individuals and service providers tailored to this demographic.
|
|
Employ to Empower the Foundation (Vancouver, British Columbia)
|
Scale: Employ to Empower
Together with its partners, the organization proposes to offer programs and services that will help provide mentoring, coaching and counseling services to low-income adults living in the Downtown Eastside of Vancouver.
|
|
Federation of Franco-Albertan Seniors (Edmonton, Calgary – Alberta) |
Community navigator for the financial autonomy of our seniors
This project proposes to increase the community’s capacity to assist low-income French-speaking seniors in terms of financial empowerment, such as financial assistance, retirement planning, and understanding of government support systems. The project aims to create a contact hub that seniors and their families can reach when they need help with financial wellness.
|
SOURCE Employment and Social Development Canada
View original content: http://www.newswire.ca/en/releases/archive/August2022/15/c2890.html
