Canadas Aging Population Information

1. What Is Palliative Care?

1.1. Palliative Care is a specialized medical care for people living with a serious illness (such as: cancer, heart failure, etc...)

2. What Are The Possible Benefits To Having Grandparents Involved In Family Life?

2.1. Provides another source of love external to household

2.2. Can provide a secondary safe enviroment

2.3. Opportunity to learn about cultural heritage

2.4. Opportunity to learn more about family history

3. What Are Ways In Which Families/Society Are Affected By Individuals Living Longer?

3.1. Economic growth gets impacted

3.2. patterns of working and retirement get changed

4. Programs Available For Seniors

4.1. Canadian Pension Plan

4.1.1. Taxable Monthly benefit that replaces part of income

4.2. Old Age Security Plan

4.2.1. Monthly payment you can (possible) get if 65+

4.3. Gurentedd Income Supplement

4.3.1. Supplement monthly income for low-income seniors

5. What Is Elder Neglect?

5.1. Elder Neglect is any action or inaction by self and/or others that jeprodizes or harms the health and wellbeing of a senior citzen

6. What Are Physical Changes Seniors May Go Through?

6.1. Muscle strength loss

6.2. Bones get weaker

6.3. Skin/sun damage

6.4. Loss of sight and/or hearing

7. TFSA (Tax-Free Savings Account)

7.1. What Age Can I Start To Contribute To This Plan?

7.1.1. 18 Years old

7.2. Does It Earn Income?

7.2.1. It is possible that you can earn income over time

7.3. Is It Taxable On Anuual Income Tax Returns?

7.3.1. You cannot deduct contributions on taxes

7.4. Is It Taxable When You Cash In The Funds And Accsess The Money?

7.4.1. A TFSA is generally Tax-Free, even when withdrawing money

8. Why Is Social Interaction Is Important In Older Adulthood?

8.1. (Potentially) lowers the risk of dementia

8.2. helps improve mental health

8.3. Lowers blood pressure

9. Why May Older Adults Delay Retirement?

9.1. More time to save up money to live off

9.2. They like their current job

9.3. Worker benefits (like health/dental care, etc...)

9.4. More time to invest money

10. What Is Ageism?

10.1. Ageism- a form of discrimination against individuals/groups on the basis of their age

11. What Are Examples Of Ageism?

11.1. Older workers being fired for no valid/apparent reason

11.2. You suddenly stop getting raises/promotions

11.3. you get reassigned to unpleasant tasks for no apparent/valid reasons

12. What Is Dementia?

12.1. Dementia is a term for an impaired ability to remember, think, and/or make decisions, Dementia affects everyday life

13. How To Avoid Financial Fraud

13.1. Don't put personal information online (such as credit card number, social security, etc...)

13.2. Check your bank statement/credit card use frequently

13.3. Don't click on suspicious links online, or enter personal information onto suspicious links online

14. RRSP (Registered Retirement Savings Plan)

14.1. What Age Can I Start To Contribute To This Investment Plan?

14.1.1. 18 Years old

14.2. Does It Earn Income?

14.2.1. Over time an RRSP has the potential to grow larger than the amount invested

14.3. Is It Taxable On Annual Income Tax Returns?

14.3.1. Yes, you can deduct the amount you invested when filling taxes

14.4. Is It Taxable When You Cash In The Funds And Access The Money?

14.4.1. You do pay tax when you withdraw your RRSP investment