A program that helps low income individuals and families save for needed assets while building money management skills.
How does it work?
Participants receive $3 for every $1 they save. $250 saved within a period of 6 months qualifies for $750 of matching funds for a total of $1000 that is used to purchase an asset.
Participants can use their savings for the following goals:
- Education or Training Courses
- Registered Education Savings Plans
- Ability Supports
Am I eligible?
To qualify, applicants must…
- live in Winnipeg
- meet the program low income cut-offs (see below)
- have a strong desire to improve your financial future
- be willing and able to attend workshops
Applicants are not eligible if they, or someone in their household, has previously received matching funds from any Asset Building Program in Manitoba.
How do I apply?
Individuals can apply to the Matched Saving Programs at SEED by phoning (204) 927-9947 and leaving their name and phone number after the voicemail prompt.
In the meantime, you may be eligible to apply at one of our partnership sites.
The Saving Circle program is run in partnership with the Assiniboine Credit Union and the United Way of Winnipeg.
Low Income Qualification Chart
|Household Size||Maximum Gross Household Income|
|7 or more persons||$50,291|
SEED Winnipeg looks at household income to help determine eligibility for our programs. We use Statistics Canada’s Low-Income Cut-Off (LICO) as a guide (we use 75% of LICO). Other factors besides LICO are also considered.