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 Canadian seniors still working because they need to
Canadian seniors are being forced to keep working due to inflation and other factors. As Canada’s population gets older and life expectancy keeps increasing, Canadian-born and immigrant seniors may alleviate downward pressures on the overall employment rate through their involvement in the labour market, says Statistics Canada. Many seniors work past their mid-60s for various […]
B.C. seniors get a little help paying the rent
The British Columbia government is granting a one-time $430 benefit to the roughly 20,000 seniors in its support program for elderly low-income renters. B.C. Housing Minister Ravi Kahlon says eligible seniors don’t need to apply for the payment, which will be sent out. Kahlon says changes to the Shelter Aid for Elderly Renters program, known as SAFER, include increasing […]
Seniors in Canada want pensions beefed up
Carole said she collects CPP, OAS and the Guaranteed Income Supplement, but her annual income is still below what is considered the poverty line in Canada — $25,000. Carole is advocating for the people whose income is below that. She explains she is not the only senior who, despite collecting their Canada Pension, Old Age […]
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 […]
