Close Canada’s financial help gap before it’s too late for struggling households

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The affordability crisis is financially crushing low- and moderate-income Canadians who are increasingly spending down their savings, and taking on debt they cannot afford just to make ends meet. These same households are struggling to find the advice they need to stabilize their lives financially, and rebuild their economic health and resilience.

As a result, people with low and moderate incomes struggle more than Canadians generally to find financial help, even though access to this support is associated with higher incomes and substantially greater financial resilience. On average, Canadians who access community-delivered tax and benefit assistance see their incomes increase by $3,500, but this amount can be much larger for seniors and households with children.

 

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