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Billions of dollars in benefits unclaimed by Canadians, report says

Friday, February 11th, 2011

February 9, 2011
A research report [prepared for the federal task force on financial literacy] examined why some government programs have such poor “take-up” rates. Those rates are considered an important measure of financial literacy. The report concluded that language and poverty often present barriers, particularly when the programs or application forms are complex… government should simplify its programs and application forms to ensure more Canadians benefit from the financial support to which they’re entitled. The recommendation is one of 30 in the report, “Canadians and their Money”,

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