He helped bring thousands of wounded Canadian soldiers home from overseas. Show your support for one of Canada’s oldest living veteransContinue Reading..
As the proud presenting partner of The Royal Canadian Legion’s Digital Poppy campaign, this November 11th at 11:00am we #PauseToRemember that war is not a gameContinue Reading..
A recent report in the Financial Post suggested that applying for a HELOC may become much more difficult after the current crisis. Many people experiencing financial difficulty are currently getting by thanks to government crisis stimulus and mortgage/loan deferrals. If those stop before everyone is back at work, many people could start considering HELOC options to stay afloat.
If you have seen the Hollywood movie “Confessions of a Shopaholic”, the process of debt consolidation will make a lot of sense to you. When you are in deep with credit card debt, paying the minimum monthly amount due only lets you scrape through from one installment to another.
Many Canadians often ask, “Can you use a reverse mortgage to purchase a home?” It often surprises people when they find out that, yes, you can buy a house with a reverse mortgage, by using it as a type of purchase mortgage.
There are five other CPP pension benefits that people are much less aware of. While slightly less known, they are worth knowing about, as they could help boost your retirement income or your family’s income.
As well as having an impact on Canadians’ health and personal lives, Covid-19 has also affected many Canadians’ ability to make a living. Unemployment could rise to 13.5% and over a million Canadians have applied for unemployment benefit. Forty-four per cent of Canadian households have at least one person who has lost their job or now works reduced hours.
How exactly does CPP work? Is everyone eligible to receive it? And when can you start receiving it? We take a look at the answers to these questions as well as how much you can expect to receive from your CPP retirement pension.
There are clear advantages to moving to a retirement or assisted living home where everything is done for you. You’re helped with dressing, cooking, cleaning and bathing. Many of these homes also have a doctor or nurse on site.
We live in the times of COVID-19, a deadly disease that has brought almost the entire global economy to a standstill. Countries across the world have gone into a complete or partial lockdown, with individual provinces and cities also declaring a “State of Emergency”.
Figures are similar in Canada, with 62% of people admitted to the ICU being aged 60-plus. There is no doubt that all Canadians, especially those ages 55+ should be staying home as much as possible, but social distancing can cause other problems.
Reverse Mortgage Videos
The CHIP Reverse Mortgage can help you stay in the home you love and live retirement on your terms.
Watch as Doris tells these nosy neighbours to back off, she's not going anywhere!
Retirement shouldn't mean selling your beloved home.
At age 76 Donald Jackson is still very active in Canadian figure skating, with occasional appearances in figure skating shows,
This is the third article in the series featuring our partners, Canadian figure skaters Kurt Browning and Donald Jackson.
This is the second article in the series featuring our partners, Canadian figure skaters Kurt Browning and Donald Jackson.
Joyce Wayne: Retirement Matters
His findings erode the idea that older adults naturally grow uninterested and uninteresting as they age and that an inevitable lethargy sets in over time. According to Dr. Daniel, there are apparent “neurochemical changes that make older adults happier.” What he terms the ‘positivity bias’ or the tendency in older adults to see the good qualities in people and situations, makes for the happiest and often most productive adult demographic neurologists have studied
It’s almost unimaginable to think that the most vulnerable of our ageing population has been left to fend for themselves in perilous conditions. When I think of what it must be like, alone and frightened, my only response is that as a country, we need to commit to changing this situation and to ensuring that it will not happen again if and when the next virus is on the loose.
No matter how well self-isolating is going, I suggest making a calendar of online events you enjoy with friends and family – or organizations - outside the home. That way, the balancing act between isolation and keeping occupied is met, and you don't wake up one morning wondering what you did with all that time during the pandemic.
The HomeEquity Bank Note
As we hunker down at home, we are witnessing history that is reshaping life as we know it. Most of us never thought we’d experience a global pandemic on this scale.
COVID-19 is most dangerous for those 65 and up, and that’s a big portion of Canadians. As of 2018, 15% of Canadians were 65 and older, and 29% were baby boomers just hitting retirement age.
It’s hard to imagine that amid a global pandemic, while millions of people around the world struggle to stay healthy and adhere to public health directives, cybercriminals and scammers are still hard at work trying to defraud people.