Fair Gains

Program Outline

Fair Gains is a free program. The program offers people living in low-income situations the opportunity to save towards an asset and gain money management skills. It is a 1-year program with the option of cashing out up to 2 years after program completion.

How It Works

• Participants must open and hold a bank account and have total control over the account.
• Regularly deposit between $15-$50 per month for one year, saving up to a total of $600.
• Attend regular workshops, peer group meetings and one-on-one consultation sessions learning how to manage your money.
• After one year, savings are matched at a 3:1 ratio ($3 for every $1 saved).
• Decide on and purchase an asset within 2 years of finishing the program using your saved dollars and the matching dollars.
• Gain money management skills for life!

Potential assets you can purchase include:

• Training or education toward a career
• Education for a child
• Starting or expanding a business
• Tools for work
• Home ownership

Benefits to Participants

If participants save the full $50 every month, they will have $600 in savings at the end of the program and $1,800 in matched savings from Momentum - a total of $2,400 to put towards the purchase of one of the specified assets.

Participants will learn money management skills for life!

Who Can Apply?

Individuals can apply if:

• They are 18 or older.
• Have minimal savings and assets.
• Are not a full time student (ESL & High School Upgrading students will be considered)

Applicants total household income is at or below the following guidelines:

Program Dates

Classes start in the spring and the fall. If you are interested in participating, call as soon as possible to get your name on the waiting list.

How to Apply?

Contact the Fair Gains facilitator at 204-2661
or email for further information

Financial Partners

This program is made possible by: