Canadian seniors can save on their taxes
Whether you’re a homeowner, are saving for your first home, or just bought your first home, there are tax incentives you should know about. These incentives could help you reduce housing costs and maximize your savings. The Canada Revenue Agency (CRA) is here to make sure you have the information you need to take advantage […]
Canadian seniors tossing retirement playbook
This year, older Canadians will throw out the traditional retirement playbook and embrace new financial, technological and familial norms to live more independent and enriching lives. Insights like this from HomeEquity Bank and Ipsos reveal five key predictions for Canadians aged 55+ that will have ripple effects across Gen X, Millennials, Gen Z and even […]
Here’s how Canadian seniors can winterize their homes
Winterizing a home is essential for Canadian seniors to stay warm, safe, and energy-efficient during the cold months. Proper weatherization can help reduce heating costs, prevent potential health risks, and ensure the home remains comfortable. Here are some practical steps seniors can take to winterize their homes effectively. 1. Insulate Doors and Windows Windows and […]
Tenancy protections for B.C. seniors in retirement homes
The Office of the Seniors Advocate is urging the provincial government to act quickly and enforce the Residential Tenancy Act (RTA) to protect the 30,000 B.C. seniors in retirement homes from illegal rent increases and evictions. The BC Seniors Advocate’s new report Forgotten Rights: Seniors Not Afforded Equal Rent Protection released today highlights the practice […]
Canadian seniors looking at downsizing their homes as costs rise
Downsizing is an important consideration for Canadian seniors as they enter retirement or experience lifestyle changes. Moving to a smaller, more manageable home can provide numerous benefits, from financial savings to improved quality of life. While many seniors may feel attached to their family home, downsizing can offer significant advantages that make it an appealing […]
Issues seniors need to watch in the B.C. election
As the 2024 British Columbia (BC) provincial election approaches, seniors in the province should consider several key issues that will directly impact their quality of life and well-being. With BC’s aging population growing rapidly, it is essential for seniors to be well-informed about political platforms, policies, and promises that address their specific needs. Below are […]
Is B.C.’s rent subsidy working for seniors?
B.C.’s new seniors advocate, Dan Levitt has called on the provincial government to redesign a program that provides rent subsidies for low-income seniors, saying recent improvements don’t go far enough. In April, the provincial government announced a one-time $430 payment, plus increases in monthly benefits, income eligibility and rent ceilings that will allow about 4,800 […]
Canadian home sales rise after interest rate cut
National home sales increased in June following the Bank of Canada’s first interest rate cut since 2020, and activity posted another small gain in August on the heels of the second rate cut in late July, but the bigger picture appears to be a market mostly stuck in a holding pattern. “Despite some fledgling signs of life […]
B.C. seniors face rent hikes that are illegal
Many residents of retirement homes in British Columbia are facing illegal rent increases, the province’s seniors’ advocate says. In a report released this summer, Dan Levitt called for increased protections for the 30,000 people in independent living facilities in the province. “Calls to my office from seniors who are facing unlawful rent increases have more than doubled in […]
More Canadian seniors are getting roommates
As Canadians age, many seniors face challenges related to housing, social isolation, and financial constraints. One increasingly popular solution to these challenges is for seniors to get a roommate. Having a roommate offers numerous benefits that can improve the quality of life for seniors, including financial relief, companionship, increased safety, and shared responsibilities. 1. Financial […]
