Scam tipsheet designed for Canadian seniors
To help raise awareness of World Elder Abuse Awareness Day, the Canadian Investment Regulatory Organization (CIRO), is issuing a warning—scams are on the rise, including scams that target seniors. CIRO enforcement data reveals that approximately 30% of all CIRO case assessment files involve seniors. According to CIRO’s 2024 Investor Survey, approximately one in five Canadians have been approached […]
Canadian seniors brace for postal strike
A potential Canada Post strike, set to commence on May 23, 2025, poses significant challenges for Canadian seniors who heavily depend on traditional mail services for essential communications, financial transactions, and healthcare needs. Impact on Seniors Many seniors, particularly those in rural or remote areas, rely on mail for receiving bills, bank statements, prescription medications, […]
Canadian seniors need more financial flexibilities
The Securities and Investment Management Association (SIMA) welcomes the recent public-policy discussion about retirement savings strategies that would provide seniors with more financial flexibility as they age. More Canadians are working into their later 60s and 70s, highlighting the need to modernize policies. At the same time, updating retirement savings rules is essential to help […]
Inflation has Canadians rethinking retirement
CIBC today revealed new poll findings that signal a significant shift in how Canadians approach retirement, as two-thirds of those surveyed (66%) say that recent economic changes, including rising inflation and an increased cost of living, have made them adjust their retirement plans. Of those polled, more than 70% anticipate working in their retirement, either […]
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 […]
