In early 2009, SEDI wrapped up learn$ave, a nine-year experiment and the world's largest research demonstration of asset building accounts.

The program matches the savings each participant puts aside in an Individual Development Account (IDA), usually at a rate of $3 matched for every $1 saved to a maximum of $1,500.

learn$ave was successfully completed at ten partner organizations in seven provinces. Interim results from the program show that it is particularly effective for people new to Canada.  To read reports on the program outcomes, click here.

From 2001 to 2009, the 3,600 low-income earners participating in this pilot program saved over $3.2 million and leveraged more than $9.9 million in matched saving credits to be invested in post-secondary education, job training or a small business.

The program was delivered in partnership with the Social Research and Demonstration Corporation (SRDC) and is funded by Human Resources and Skills Development Canada (HRSDC).