By Sheryl Smolkin,
Special to the Financial Independence Hub
Whether you are considering a move to an assisted living facility for yourself or an elderly member of the family, the options available and how much they cost may come as a surprise to you.
The rules vary considerably across Canada, but a series of informative bulletin from Sun Life Financial covering each province and territory describe the three main alternatives, how much they cost and the level of government subsidy, if any. In this blog I refer to the situation in Ontario, because that’s where I live. Generally care for seniors can take place in one of three settings:
- At home
- Retirement homes
- Nursing homes
Home care