Sadly, elder abuse is a reality for too many Canadian seniors. When the National Initiative for the Care of the Elderly studied this issue in 2015, it found that about one in 12 Canadian residents age 55 and older (8.2 percent) had experienced elder abuse in the previous year.For 30 percent of those people (or…

Many Canadians have been pleasantly surprised at how quickly money has accumulated in their savings accounts during the stay-at-home lockdowns. However, cash generates only modest interest, and even low inflation will gradually whittle it away. Depending on your personal situation, these savings could be put to much better use. Here are three options to consider.…

The Registered Disability Savings Plan (RDSP) was established by the federal government to help parents and others save for the long-term financial security of a person with a disability (one who qualifies for the Disability Tax Credit). A big advantage of RDSPs is that, like RRSPs, they allow your money to grow tax-free. Plus, the…