Workshop 7 – Addressing Common Financial Concerns

Participants will review the most common financial concerns of seniors, which ones are of greatest concern to them, and what they can do to address or alleviate those concerns.

Objectives

In this session, you will have the opportunity to:

  • define and discuss your thoughts about your income and spending
  • assess your own levels of financial independence and confidence
  • commit to taking action to improve your level of financial literacy and planning

Resources

Calculate Retirement Income
(Financial Consumer Association of Canada)
https://itools-ioutils.fcac-acfc.gc.ca/yft-vof/eng/retirement-pensions-4-3.aspx

Ontario Tax Credits and Grants for Seniors
(Ontario Securities Commission)
https://www.ontario.ca/page/seniors-manage-your-finances

Create an Info Package for Your Executor
https://www.getsmarteraboutmoney.ca/plan-manage/planning-basics/wills-estate-planning/communicating-your-estate-plan/

City of Ottawa Financial Assistance
https://ottawa.ca/en/search?searchfield=financial+assistance+for+seniors

Personal Information Inventory
https://www.getsmarteraboutmoney.ca/wp-content/uploads/2019/06/GSAM_Personal-Information-Inventory.pdf 

Financial Literacy Resources
https://www.cpacanada.ca/en/the-cpa-profession/financial-literacy/financial-literacy-resources/other-financial-literacy-resources

Elder Abuse Response and Referral Service (NROCRC)
613-596-5626 ext. 230

Minwaashin Lodge (for women & children fleeing situations of abuse)
613-741-5590

Get your Credit Report- Equifax
https://assets.equifax.com/assets/canada/english/creditReportRequestForm.pdf

Get your Credit Report -Transunion
https://www.transunion.ca/product/consumer-disclosure

Budget Planner
https://itools-ioutils.fcac-acfc.gc.ca/BP-PB/budget-planner

Info on Scams and Fraud, Financial Abuse and Cyber Safety
https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/fraud-scams.html
https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html
https://www.getcybersafe.gc.ca/index-eng.aspx
http://www.antifraudcentre-centreantifraude.ca/index-eng.htm

Retiring on a Low Income Course
Whether you are a current senior, approaching retirement, assisting your family or just concerned about the future, join us to learn about income security programs.
What is “low-income”?
What do seniors get in Ontario?
How do you reduce taxable income or get money back?
How do you protect a low retirement income?
Visit www.coaottawa.ca or email coa@coaottawa.ca to find out about upcoming courses.

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