Strengthening Access to Financial Literacy, Education and Research Through Grants Initiatives
FSRA announces its first grants recipients
Ontario’s financial services regulator (FSRA) is pleased to announce the inaugural recipients of its grant funding program. FSRA grants support educational and research initiatives for a number of purposes, including help consumers with financial literacy, financial awareness, and understanding the sectors FSRA regulates.
“Protecting Ontario consumers is part of who we are at FSRA.” said Stuart Wilkinson, Chief Consumer Officer at FSRA. " Supporting financial literacy and awareness through educational and research initiatives is one way we do that. It is a powerful tool to empower consumers to make informed decisions with confidence.”
This year, FSRA will award more than $350,000 in grant funding across four organizations:
- Brain Injury Association of Waterloo-Wellington for a project that will empower individuals with cognitive disabilities about good financial practices and how to recognize signs of financial abuse.
- Brain Injury Society of Toronto for a program seeking to prevent individuals with cognitive impairment from being the victims of online fraud or financial abuse.
- Prosper Canada for an educational initiative aimed at providing financial education supports to low- and moderate-income individuals as well as Indigenous audiences.
- Vision of Hope Resource Centre to create a series of workshops, webinars and tailored resources targeting marginalized and Black communities in Brampton aiming to educate participants about financial rights, regulated sectors, and protection against cybercrime and fraud.
The recipients were chosen based on meeting criteria set out in FSRA’s Use of Proceeds from Enforcement Guidance. FSRA is authorized to use money it collects from enforcement actions for specific purposes set out in the law.
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Learn more
- Grant funding at FSRA, including recipients
- Use of Proceeds from Enforcement Guidance
- FSRA’s Consumer Office
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.