As more Canadians approach retirement age, an expert says it’s important for people to have realistic conversations about where they will live and who will take care of them in their old age, as those decisions are more complicated than they may appear.
BC has a whole host of subsidized programs for this. My elderly father lives with me, and it’s no burden at all. He has homecare workers that come three times a day, to take care of his basic needs, and it’s all paid for by a percentage of his disposable monthly income.
If he ever gets to the point where he needs more than what we can take care of at home, then he goes to a care home, which will be paid for by a larger percentage is f his monthly disposable income.