Reverse Mortgage Information Blog

What Seniors Need to Know About Budget 2016

April 11, 2016

If you’re a senior, the 2016 federal budget has a few welcome surprises, especially for low-income seniors and veterans. Here’s a rundown of what’s in store for seniors with Budget 2016. Safe at 65 The Harper government had previously announced plans to increase the... Read More →

Reverse Mortgage or Sale & Leaseback?

April 5, 2016

Homeowners are given plenty of options when it comes to capitalizing on their property investment in retirement. Options include HELOC’s (Home Equity Line of Credit,) reverse mortgages, and now sale and leaseback. Let’s compare and contrast these different options. Home... Read More →

Canadians Not Saving Enough for Retirement: Study

March 9, 2016

A recent study by The Broadbent Institute, An Analysis of the Economic Circumstances of Canadian Seniors, revealed that we are collectively not saving enough for retirement. This is due to a number of factors, including increased life expectancy, and the fact that almost... Read More →

Canadian Seniors Receiving Over $245 Million in GIS Back Pay

March 3, 2016

83,000 seniors in Western Canada and Ontario are being mailed Guaranteed Income Supplement (GIS) payments that they qualified for, but never received. Bureaucratic errors on the part of the government were responsible for the mistake, and some seniors will be getting back... Read More →

Tax Tips for Seniors Filing a Return for 2015 in Canada

February 10, 2016

It’s that time of year that people either look forward to or dread: tax time. If you’re a Canadian senior or in a position where you are helping a family member out at tax time, here are a few tips to ensure that you are getting the most out of your tax return. 1. Canada... Read More →

The Sandwich Generation and Reverse Mortgages

February 4, 2016

Those at the tail end of the Baby Boomer generation are becoming known as the “sandwich generation”. “Sandwich” refers to the dual responsibilities of looking after older children at the same time as being the caregiver to aging parents. This squeezes the sandwich... Read More →

New CPP, OAS increases and TFSA limit decreases usher in 2016

January 11, 2016

The Canadian government has announced increases to payouts to seniors under the Canada Pension Plan (CPP) and Old Age Security (OAS), starting January 1, 2016. Tax Free Savings Accounts (TFSAs) are having their limits decreased to $5,500 for 2016 from $10,000 in 2015. Changes... Read More →

Tech can help seniors stay in their homes longer

January 5, 2016

The end goal of technology is to make our lives easier – and retirement is no exception. There are a multitude of technological innovations that can help current retirees stay in their homes longer, and more in the pipeline that will help future retirees. One of the primary... Read More →

Reverse Mortgages Spike in Canada

December 9, 2015

The company that administers the CHIP home income plan, HomEquity Bank, is forecasting growth of reverse mortgages in Canada of 25-30 percent each year for the next few years. Where is this spike in reverse mortgages coming from, and who is getting them? Younger Boomers... Read More →

New Measures for Seniors from the Trudeau Government

December 3, 2015

The new Trudeau government has made a number of election promises to secure its mandate – and a number of these new promises are to seniors. Most are positive, but its worth looking at all of them to examine what may be your new financial outlook under the new government. Yvonne... Read More →

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