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Financial

Federal tax programs and benefits, rebates or grants to help older adults stay in their homes longer, medical cost assistance, pensions, and more.

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Aims to lower the cost of living for eligible older adults by offering to defer payment of property taxes on their principal residence. Upon acceptance into this program, annual property taxes are deferred. Taxation and Property Records will keep an accumulated total of taxes owing each year.

If the property owner dies or the property is sold, all deferred taxes become payable.

If continuing with the program for life, the accumulated taxes are required to be paid out of the estate. If the value of the estate is not sufficient to cover the amount of the accumulated taxes, the government will discharge any outstanding balance.

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Provides eligible older adults with financial assistance up to $1,800, depending on income, to help them pay for practical services that help them stay in their own homes. Services covered by funding include:

  • General home maintenance
  • Light house keeping
  • Snow removal
  • Grass cutting
  • Meal preparation
  • Transportation
  • Communication devices such as smartphones, computer modem, and WiFi devices
  • Complements supports provided to seniors by Home Care or family members for daily unmet needs
  • Lifeline Medical Alert System
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Provides a rebate for hearing aids to eligible individuals with a maximum payable rebate of $6000. Hearing aids are payable once every five years.
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A monthly benefit available to most Canadians 65 years of age and older.
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May provide retirement, disability or survivor benefits to eligible individuals who have lived or worked in Canada and in another country, or the surviving spouse, common-law partner or children of eligible individuals who have lived or worked in Canada and in another country with a social security agreement.

A social security agreement is an international agreement between Canada and another country that is designed to coordinate the pension programs of the two countries for people who have lived or worked in both countries.
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Provides a monthly non-taxable benefit to Old Age Security (OAS) pension recipients living in Canada.
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A benefit available to low-income individuals aged 60-64 years who are the spouse or common-law partner of a Guaranteed Income Supplement recipient.
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Provides a monthly benefit to low-income widowed spouses who are not yet eligible for the Old Age Security (OAS) pension.
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Provides eligible seniors with partial cost coverage for approved medications.

Note: Participants pay $8.25 plus $7.69 of the pharmacy professional fee for each prescription out of pocket and remaining costs are covered by the program.
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Provides eligible seniors with funds to improve their home's accessibility.

Eligible work includes:
  • Accessibility improvements
  • Stair lifts
  • Grab bars
  • Ramps
  • Walk in shower
  • Hise rise toilet
Maximum grants are based on combined annual income:
  • $35,000 or less: $10,000
  • $35,001-$38,000: $8,400
  • $38,001-$41,000: $6,800
  • $41,001-$44,000: $5,200
  • $44,0001-$47,000: $3,600
  • $47,001-$50,000: $2,000
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