The Enactus Durham College (Enactus DC) team took 2020 regional runner up in its National CWB Financial Education Challenge league with the Money Makes Cents project. The achievement marked the team’s highest result ever in the competition and was won against a competitive field of 40 colleges and universities from across Ontario and Quebec.
Money Makes Cents is a project conceived by Enactus DC in partnership with the Region of Durham Social Services Department that offers tax assistance and income tax return resources for low income families by bringing mobile tax clinics and financial education to disadvantaged neighbourhoods.
This year Money Makes Cents was instrumental in increasing tax returns by $7 million for those who need the money most in Durham Region. The project also launched Durham Tax Help, an online hub that enables the recruitment of volunteers, financial coaching and scaling to more than 20 partners across the region.
The project team of DC students presented the project virtually at the annual Enactus Canada Regional Exposition event.
Enactus is an international non-profit organization dedicated to creating social change through entrepreneurship. DC launched its chapter in 2016 through FastStartDC, the college’s entrepreneurship centre, to create a club of student leaders looking to make a positive economic and social impact on society.