The number of people choosing to downsize from their current homes to a more manageably sized one is on the rise. Many say continuing to maintain a large family home can be difficult –  both physically and financially Zoomers(baby boomers with ZIP) moving have so many options — from buying another house or condominium to moving into a rental accommodation, independent living community or continuing care retirement community. Some of the Advantages to... [read more]

There are many different types of senior living options available today. Each offers a different lifestyle and level of care. Below is a brief description of some of your options INDEPENDENT RETIREMENT LIVING There are many intimate and luxurious retirement residences. Independent Retirement Living communities are ideal for seniors capable of living alone and for those who do not require specialized care (though Home Care is available for those who may need extra assistance). The... [read more]

1. INCOME SPLIT AND SAVE Seniors are allowed to split up to half of their eligible pension income with a spouse or common-law partner. Income splitting allows some seniors to enjoy a significant tax reduction. In the situation where the lower-income spouse has very little income, the tax savings are substantial.   2. GET YOUR BENEFITS Any senior receiving Guaranteed Income Supplement (GIS) through Old Age Security should file on time to ensure their benefits continue... [read more]