Financial Help
Certified Financial Planners (CFP):
CFP certification is your assurance that your planner has completed a rigorous course of study approved by FPSC, passed the only independently developed national comprehensive examination (the CFP® Examination) for financial planning, and is committed to ongoing professional development and adherence to the professional CFP® Code of Ethics and CFP® Financial Planning Practice Standards developed and enforced by FPSC.
Guaranteed Income Supplement:
The Guaranteed Income Supplement provides additional money, on top of the Old Age Security pension, to low-income seniors living in Canada. To be eligible for the GIS benefit, you must be receiving the Old Age Security pension and meet the income requirements explained below.
Senior’s Supplement:
The Senior’s Supplement is a provincial monthly payment provided by the Ministry of Housing and Social Development to seniors whose total income from federal pensions or other earned income falls below a level guaranteed by the province.
Effective October 2005, seniors receiving federal Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) are eligible for all or a part of the Senior’s Supplement, depending on their total income.
Canada Pension Plan – CPP:
Your parents’ contributions to the Canada Pension Plan provide them with a stable and dependable pension you can build on for retirement. Their contributions also provide them and their dependents with basic financial protection if they become disabled or die.
Old Age Security – OAS:
The Old Age Security program ( OAS), which is financed from general revenues of the Government of Canada, is the cornerstone of Canada’s retirement income system. The OAS pension is a monthly payment that goes to almost all people aged 65 and over who have lived in Canada for a minimum period of time.
In this respect, the OAS is different from the Canada Pension Plan ( CPP). People pay into the CPP when they work, and the Plan provides payments to workers and their families.
The Taxman – Canada Revenue Agency – CRA
Information to get, complete, and send in your tax return, including payments, refunds, and more.
Disability Tax Credit
The disability amount is a non-refundable tax credit that a person with a qualifying impairment can claim to reduce the amount of income tax he or she has to pay in a year.
Find out the conditions you must meet to be considered eligible by the Canada Revenue Agency (CRA).Find out how much you can claim on your return, and where to make the claim.
Find out what to do if your application was denied and you disagree.
BC Housing
BC Housing is the provincial crown agency that develops, manages and administers a wide range of subsidized housing options for those in greatest need. They are committed to enhancing and forging new partnerships with private and non-profit housing providers, other levels of government, health authorities and community agencies to develop housing options for frail seniors, those who are homeless or at risk of homelessness, people with mental and physical disabilities, Aboriginal people, and women fleeing from abusive relationships.
Seniors Services Society
Seniors Services Society is a non-profit agency located in New Westminster that provides local and provincial programs and services that support older adults to live as independently as possible.
