Where to get finance advice for a low income senior who's retiring?

Reply Tue 15 Jun, 2010 11:28 am
Hi All,

I know a lady who's 68 years old and currently works 1 day a week as a cleaner. She's been living rent-free at families house (they are not related to her) for years, and will be kicked out next year (because the family is moving). She has no offspring or spouse and has been working in Canada for over 20 years.

Anyhow, in order to help her with housing and income. I was gonna help her applying for Old Age security and CPP, but I don't know how to get started. Is there a financial advisor or retirement planning expert that I can take her to? Should I seek the help of a Financial advisor at her bank? I'll rather speak to an expert than do the research myself.

Thanks in advance.
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Reply Tue 15 Jun, 2010 03:40 pm
If she has Canadian citizenship she could apply for Old Age Pensions available for those over 65. Go to the nearest Canadian Employment office or look it up in the blue pages under Federal.
Reply Tue 15 Jun, 2010 05:23 pm
Here's the government's website on the old age security (OAS) program in Canada if you wish to study up a bit before making a visit to the office:


and their frequently asked questions page:


And here's the page on the Canada Pension Plan (CPP)


They both have online application kits that you can use to get a lot of the paperwork completed ahead of time.
Reply Thu 17 Jun, 2010 02:00 pm
Thanks for the info but it is not me requesting the info.
Reply Thu 17 Jun, 2010 03:03 pm
No, but it was you who suggested the agency to her so I just provided the links to the info on their website as an additional resource to what you suggested.
Reply Thu 17 Jun, 2010 03:05 pm
Thanks anyway.
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