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Initiative Details Credit Canada GOLD

Credit Canada GOLD is a financial coaching program that provides participants the personalized support they need to meet individual financial goals. The program consists of 6 weeks of classes followed by two years of continued support.

Initiative type

  • Other

Demographics collected

  • Financially responsible for dependent
  • Gender
  • Household income
  • Marital status
  • Province/territory of residence
  • Work situation

Target population

  • Other
  • Women

Adopter

Link

Related priorities

This initiative relates to the following National Financial Literacy Strategy priorities and target outcomes: 

Priority 4

Enhance access to trustworthy and affordable financial help

  • Target outcome 4.2
Related headlines
Headline

Tailored financial education can improve debt and finance management.

Financial education tailored to individual needs equips people with the skills to make informed decisions about their unique financial situation.

The analysis is based on research and the findings supplied by the adopters of the National Financial Literacy Strategy Measurement Plan. The related findings can be found at the bottom of this page.

Source: Credit Canada GOLD, FinLit U
Related findings
Finding

After being enrolled in a debt reduction program for up to two years, the total amount of debt paid off is $1 million across 186 participants, or over $5,000 per person on average.

Initiative: Credit Canada GOLD

Adopter: Credit Canada
Finding

Participants in a financial coaching program improved their credit score by 4% on average after 3 months.

Initiative: Credit Canada GOLD

Adopter: Credit Canada
Related measures
Use the Opens in new tabMeasures Library to search for Strategy-Aligned Measures (SAMs) that help stakeholders in the financial ecosystem track progress toward achieving the National Strategy’s target outcomes.

The Financial Consumer Agency of Canada does not endorse, directly or indirectly, any adopters of the Measurement Plan, nor does it make any representations or warranties, express or implied, concerning the adopters' products or services or their fitness for a particular purpose.

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