If you don’t use certain financial products for 10 years, federally regulated financial institutions will consider the money in them to be unclaimed. They must transfer unclaimed balances to the Bank of Canada. This only applies to products that hold Canadian money. Foreign currency products, such as U.S dollar savings accounts, don’t have to be transferred to the Bank of Canada. Check with your financial institution for information on how to get unclaimed money in a foreign currency. Check it out here.
Protect yourself and your access to travel insurance. Check the Canada Travel website for country warnings.
Toronto Home Share is a City of Toronto program run by the National Initiative for the Care of the Elderly (NICE) that matches older adults (55+) with a spare room in their home who would benefit from receiving additional income and/or help around the home with university and college students seeking affordable housing. In exchange for reduced rent of $400-$600 per month, the student provides up to seven hours of companionship and/or assistance with completing light household tasks, such as preparing and sharing meals, tidying up, carrying groceries, or walking a pet. Find out more here.
For the first time in history, there are now more Torontonians over the age of 65 than children aged 15 and below. By 2031, one-quarter of the City’s population will be over the age of 60. For further information on the Toronto's Seniors Strategy including information on Health, Housing, Transportation, Employment and Access to Information, please visit the City of Toronto website. The Toronto Seniors’ Forum gives a voice to seniors not often heard. Their dedicated members work to ensure the City of Toronto meets its commitment to provide services equitably to all senior residents, further information may be found on the City of Toronto website.
From bus fare to movie tickets, senior citizens are discount-eligible almost everywhere in Canada. Make the most out of your benefits by running through this list of stores and brands that offer special discounts for individuals age 50 and above. Check it out here