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 […]
How Canadian Seniors Can Save More Money
Retirement marks the beginning of a new phase of life, often accompanied by a reduced income. For Canadian seniors, finding ways to save money without compromising quality of life is essential. Here are some practical strategies to make the most of your retirement finances. 1. Review and Optimize Your Budget Start by assessing your current […]
Charity drive launched to help Canadian seniors
It’s no secret that many Canadians are feeling increasingly squeezed by factors beyond their control. Impossible choices spotlights the tough decisions struggling individuals and families face every day. In fact, one in three food bank users this Christmas will be children. Many more will be seniors hurt by inflation. This underpins The Salvation Army’s critical […]
Can Canada afford expanding seniors benefits?
Canada’s budget watchdog says the federal government may not meet its fiscal anchors if it acquiesces to the Bloc Québécois’ demand to expand seniors benefits in exchange for keeping the minority Liberals in power. Bloc leader Yves-François Blanchet confirmed his party would vote against a Conservative non-confidence motion, giving the Liberals enough support to avoid […]
Bloc Québécois demands expansion of seniors benefits
Bloc Québécois Leader Yves-François Blanchet outlined a series of demands, stating that the government must meet these requests by the end of October to avoid the risk of an early election, according to CBC.ca. Blanchet emphasized the need for a bill, C-319, which would increase Old Age Security (OAS) payouts by 10 percent for seniors […]
Canadian seniors got a boost in old age benefits
Benefit payments for Canadian seniors went up slightly in a scheduled increase as retirement is “becoming unaffordable” for many in the country. July amounts of the Old Age Security (OAS) benefits increased by 2.8 per cent compared with the previous year after adjusting for inflation. For the July to September period, OAS benefits are rising by 0.7 […]
Canadian seniors should save this much for retirement
Retirement is a significant milestone in life, and for Canadian seniors, ensuring that they have enough money saved to live comfortably during their retirement years is a critical concern. Determining the exact amount required can be challenging, as it depends on various factors such as lifestyle expectations, health care needs, inflation, and geographic location. However, […]
The ins and outs of the Canada Pension Plan (CPP)
The Canada Pension Plan (CPP) is a cornerstone of the retirement income system in Canada, providing financial support to Canadians during their retirement years. The CPP is a government-managed program designed to replace a portion of a worker’s earnings once they retire, become disabled, or pass away. Here’s an overview of the key benefits offered […]
How Canadians can save more for retirement
Saving for retirement is a crucial financial goal for Canadians, ensuring they can enjoy their golden years without financial stress. Here are some effective strategies to help Canadians save for retirement: 1. Start Early The earlier you begin saving, the more time your money has to grow. Saving for retirement needs to start early. Thanks […]
More Seniors Want Investments in Home Care Services
A new public opinion survey conducted by Campaign Research Inc. finds that 89% of seniors are either very concerned (57%) or concerned (32%) about the availability of home care services in the province given the significant increase in demand caused by the rapid growth in the seniors population over the next five years. 86% of seniors believe […]
