Fair Fees - Frais équitable
Having internet access is proving to be a costly addition for many low-income families and ACORN Canada, a charitable organization is urging the federal government to act.
The high cost of internet in Canada is a well-documented problem that disproportionally impacts low- and moderate-income households
Internet est devenu un outil essentiel à de nombreuses activités quotidiennes.
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In Canada, 3 per cent of the population – about one million people – are “unbanked,” meaning they do not have a relationship with a mainstream financial institution, according to a 2016 report by Acorn Canada and the Canadian Centre for Policy Alternatives.
A further 15 per cent – or roughly five million Canadians – are what the report calls “underbanked,” people with a bank account but no credit, people unable to afford fees or high interest rates linked to products for low-income borrowers or those who live in a neighbourhood that does not have a bank branch.
Donna Borden, spokeswoman for Acorn’s Fair Banking campaign, says these people are often seniors, people on disability benefits, newcomers and people with mental-health issues, as well as those without a permanent address or government identification. For street-involved people who do have a bank account, holding onto the cards necessary to access money can be difficult.