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 […]
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 […]
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 can transition savings into income
Five million Canadians will turn 65 this decade and be one step closer to retirement. Today, Sun Life introduced Sun Life MyRetirement Income, an innovative first for Canadians that provides retirees with a reliable source of income, while maintaining flexibility and the potential for continued investment growth. This fully automated solution can help ease the […]
Canadian seniors need to revisit their wills to protect family
As Canadian seniors age, one of the most important legal documents they should regularly review is their last will and testament. A will serves as the foundation of an estate plan, ensuring that a person’s wishes are carried out after their death. However, life changes, legal updates, and evolving family dynamics make it crucial for […]
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, […]
This is how B.C. seniors can defer their property taxes
In British Columbia, seniors have the option to defer their property taxes, a program that provides significant financial relief for those who might struggle to keep up with the rising costs of homeownership in their retirement years. This initiative allows eligible seniors to defer paying their annual property taxes on their principal residence, giving them […]
Should Canadian seniors still receive discounts in stores?
The question of whether Canadian seniors still need special discounts at stores is a multifaceted one, reflecting the diverse financial situations and needs of older adults across the country. Senior discounts have long been a staple in retail, offering older Canadians reduced prices on groceries, clothing, dining, and other essentials. These discounts can provide significant […]
