Baby Boomer Generation- Getting Ready to Retire

Retirement – Getting Ready to Retire

Are you getting ready to retire? There are some things you need to know:

  • You need to apply at least six months prior to retirement for most government pensions.
  • You will need original copies of identification documents to apply for pensions and services
  • The retirement income system in Canada has three levels.


  • First level – the Old Age Security Program

The Old Age Security Program is funded through general tax revenues. It provides a basic monthly pension to more than 95% of Canadian seniors.

  • Second level – the Canada Pension Plan

The Canada Pension Plan is funded through contributions by Canadian workers and their employers as well as the earnings on the investment of the Plan’s funds. The Plan provides retirement pensions, disability benefits, survivor benefits and benefits for children.

  • Third level – private savings

Private savings include employer-sponsored pension plans, Registered Retirement Savings Plans (RRSPs) and other private savings.

For additional information regarding:

  • Getting Ready to Retire
  • Financial and Support Services
  • Governments Programs and Services
  • Other Resources
    • Public Health Agency of Canada
    • Ontario Seniors’ Secretariat – Information for Seniors

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Boomers Business- New Tools

Home Based Business Assistance

So many individuals have found the NEED to work from home either as a full time source of income or to supplement a full time job or business. Technology has fueled the growth in this sector as the tools to efficiently operate a business from home are widely accessible and generally affordable.

With the rapid change in technology comes the need for TRAINING. Whether you have been out of the work force for several years or a seasoned professional, admit it…there’s always something you stumble upon online that you simply don’t get! Then there are those repetitive tasks which you know you can shortcut but don’t know how.

Boomer Slideshow

In Home Care

Supportive Housing is designed for people who only need minimal to moderate care — such as homemaking or personal care and support – to live independently. Accommodations usually consist of rental units within an apartment building. In a few cases, the accommodation is a small group residence.

Supportive housing buildings are owned and operated by municipal governments or non-profit groups including faith groups, seniors’ organizations, service clubs, and cultural groups. Accommodations, on-site services, costs, and the availability of government subsidies vary with each building. The care arrangements between a tenant and a service provider are usually defined through a contract between the two parties.



Long Term Care

Long-term care homes are designed for people who require the availability of 24-hour nursing care and supervision within a secure setting. In general, long-term care homes offer higher levels of personal care and support than those typically offered by either retirement homes or supportive housing.

Long-term care homes are owned and operated by various organizations :

  • Nursing homes are usually operated by private corporations.
  • Municipal homes for the aged are owned by municipal councils. Many municipalities are required to build a home for the aged in their area, either on their own or in partnership with a neighbouring municipality.
  • Charitable homes are usually owned by non-profit corporations, such as faith, community, ethnic or cultural groups.



Retirement Homes

Retirement homes are privately owned rental accommodations for seniors who are able to manage and pay for their own care. Generally, retirement homes are designed for seniors who need minimal to moderate support with their daily living activities. These settings enable residents to live as independently as possible, while providing certain services and social activities. Retirement homes are also called “retirement residences”.

Anyone can apply to a retirement home. You do not need to provide medical evidence that you need a minimum level of care. The retirement home, however, may assess your needs to ensure that it can provide you with appropriate support, or that you do not need more support than it can provide