Many Canadian seniors are not only concerned about saving for retirement.
High living costs are having a ripple effect on Canadian families, with 43 per cent of grandparents who financially support their children or grandchildren saying they feel obligated to do so, according to a new study.
The , released Wednesday by Bloom Finance in Partnership with Angus Reid, found that 55 per cent of seniors surveyed currently support their children or grandchildren with everyday living expenses, including groceries, gas, clothing and cellphone bills. Of the respondents, 33 per cent provided funds for extracurricular activities or child care, and 26 per cent supplied rent or mortgage payments.
Seniors' financial generosity towards their loved ones comes at a cost to them, the report found. Among those surveyed, 65 per cent said their financial support obligations have affected their retirement savings, with the cost of living changing retirement plans for 66 per cent of respondents.
CTVNews.ca wants to speak to Canadian seniors about whether they financially help their grandchildren or children.
Have you had to choose between financially supporting your loved ones and investing in your retirement? What impact has the financial support had on your life, from daily living costs to retirement? How are you helping your children and grandchildren financially? What tips do you have in terms of helping out loved ones struggling with the high cost of living?
Share your story by emailing us at dotcom@bellmedia.ca with your name, general location and phone number in case we want to follow up. Your comments may be used in a story.
The Israeli military said Thursday it was looking into whether Hamas' top leader Yahya Sinwar was killed in a military operation in Gaza, while an Israeli airstrike on a school sheltering displaced Palestinians killed at least 15 people, including five children, according to Gaza's Health Ministry.
Canada's ambassador to the U.S. Kirsten Hillman is calling the United States' response to Canada's allegations against India 'strong,' as other allies have opted not to condemn India publicly.
The death of Liam Payne, who shot to stardom as a member of British boy band One Direction and grappled with intense global fame while still in his teens, sent shockwaves across the world Thursday as Argentine investigators continued their investigation at the scene.
An Ontario woman is feeling uneasy after she received a sextortion email demanding she pay the fraudster US$1,900 in Bitcoin or risk having compromising photographs of herself shared with her loved ones.
The Ministry of Labour, Immigration, Training and Skills Development is investigating after an employee was found deceased at a Cambridge grocery store.
A recall for a type of jelly pork sold in Ontario has been issued by the Canadian Food Inspection Agency (CFIA), citing a possible Listeria contamination.
Mounties have released startling new details about their investigation into the disappearance of Amber Manthorne, who was reported missing on Vancouver Island more than two years ago, and is believed to have met with foul play.
The U.S. military unleashed B-2 stealth bombers to target underground bunkers used by Yemen’s Houthi rebels early Thursday, a major escalation in the American response to the rebels' attacks on Mideast shipping lanes that appeared to be a warning to Iran as well.
Pop star Liam Payne, who shot to global fame with boy band One Direction, died at the age of 31 after falling from a third-floor hotel room balcony. Before the fall, a hotel employee called emergency services.
Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.
An Independent election candidate in Richmond, B.C., says her campaign volunteers were subjected to racist insults from a passerby who called them "trash" and abused them for speaking Mandarin.
Taking his closing pitch to a battleground riding in Nanaimo, BC Conservative Leader John Rustad touted health-care promises and commented on the tone of the campaign Wednesday.
The Ontario NDP has filed a complaint with the province’s Integrity Commissioner over the process that led to an Austrian company being contracted to build a massive waterfront spa at Ontario Place, alleging the process was rife with special treatment.
An Ontario woman is feeling uneasy after she received a sextortion email demanding she pay the fraudster US$1,900 in Bitcoin or risk having compromising photographs of herself shared with her loved ones.
Above seasonable temperatures are expected to return to Toronto today and will continue to warm up into the weekend.
After more than seven years of construction, a new cancer centre in Calgary will be opened to patients and researchers.
Police are investigating after a body was found in a student residence at the Southern Alberta Institute of Technology in Calgary.
Calgary police are looking for suspects after a resident was injured during a break-in on Wednesday afternoon.
We will learn more details today about a new pilot program set to launch in Ottawa that will provide residents with free reusable containers from local grocery stores and restaurants.
Officials are exploring the idea of building a synthetic ice skating rink in Ottawa's ByWard Market in a bid to enhance the area's year-round appeal.
Environment Canada's senior weather climatologist says Ottawa will see "more of a winter than last year," as it experiences a possible La Nina weather event this year
Montreal police is investigating after two bodies were discovered in a vehicle in the Saint-Leonard borough.
Some 5,000 employees with the SAQ are expected to strike on Thursday to denounce their employer's wage proposal during ongoing negotiations.
Montreal police is investigating after a vehicle was set on fire in Dorval on the West Island.
The Edmonton Police Service is looking for a man they describe as armed and dangerous in connection with a suspicious death.
Shaping up to be a gusty and crisp autumn day in the Edmonton region and across most of central and northern Alberta.
Here’s a look at some of the wild weather from around the world this past week.
Three of New Brunswick's party leaders sparred over leadership style, health care, economy and campaign promises during a roundtable discussion Wednesday evening.
A new study suggests Halifax is one of the most expensive cities for renters of one-bedroom apartments in Canada.
Some advocates are calling for more safety for service dogs in New Brunswick.
A Manitoba professor is warning the public after a book on regional mushrooms that he suspects is AI-generated was delisted from Amazon.
After a lengthy review, Manitoba's NDP government has halted a plan hatched by the former Progressive Conservative government to build new schools in partnership with the private sector.
The mayor's inner circle has approved a new set of fines when vacant buildings are burned.
The sole debate for the 2024 provincial election has wrapped – with both sides satisfied that they've successfully made their respective cases on the debate stage.
Following the debate between Saskatchewan Party Leader Scott Moe and NDP Leader Carla Beck, two local experts gave their insights on the event.
Election season is in full swing in Saskatchewan, and for many young voters, this will be their introduction to the Canadian democratic process.
The woman who was fatally shot at a Stratford home on Tuesday has been identified, as well as the man accused of pulling the trigger.
Four witnesses testified Wednesday at the trial of Erick Buhr, who has pleaded not guilty to second-degree murder in the death of his grandmother, Viola Erb.
Former One Direction singer Liam Payne, 31, was found dead after falling from a hotel balcony in Buenos Aires on Wednesday, local officials said.
The U17 Saskatoon Alliance won their provincial soccer league title, earning them a spot at nationals. But just to survive nationals is a grueling experience.
The sole debate for the 2024 provincial election has wrapped – with both sides satisfied that they've successfully made their respective cases on the debate stage.
Election season is in full swing in Saskatchewan, and for many young voters, this will be their introduction to the Canadian democratic process.
Sudbury police say a body was discovered on the side of the road in the city's Falconbridge community early Thursday morning.
At the Sudbury courthouse Wednesday, a jury learned it has heard all the evidence in a second-degree murder trial in which the victim was stabbed more than 100 times and had his genitals mutilated.
This is the second time Mattagami First Nation Chief Jennifer Constant hosted a Witches Walk. The route began at the Timmins Native Friendship Centre and wound around a few blocks in the south end of the city.
An officer was given the replica weapon at a south-side school. Police are sharing concern for this type of thing, saying it could easily be mistaken for a real firearm.
The city has released final numbers for its vehicle-for-hire safety blitz. According to the city, 80 drivers for Uber and Lyft were randomly selected last week, but only 47 attended an inspection.
Members of the public and residents in the area will see an increased police presence but are reminded there are no safety concerns and residents are asked not to call 911.
Police have charged an Orillia driver after a fatal car crash in June took the life of a Ramara man.
Province funds repairs and renewal in rural areas through its Ontario Community Infrastructure Funds.
Police have yet to make an arrest following a fatal shooting at a gas station in Amaranth Township last week that claimed the life of a 25-year-old man.
The only details available are that it's taking place in the 1500 block of Monticello Ave. near Firgrove Drive in the east Riverside area.
The founder of the Centre for Cities at the University of Windsor is warning of roadblocks in the province's plan to table legislation, requiring cities and towns to get approval from Queen's Park on bike lanes.
LaSalle police say they have launched an investigation after a “threatening message†was discovered in a bathroom at Sandwich Secondary School.
The leaders of B.C.'s three main political parties were on Vancouver Island Wednesday as the finish line of the 2024 election campaign approaches.
Taking his closing pitch to a battleground riding in Nanaimo, BC Conservative Leader John Rustad touted health-care promises and commented on the tone of the campaign Wednesday.
Mounties have released startling new details about their investigation into the disappearance of Amber Manthorne, who was reported missing on Vancouver Island more than two years ago, and is believed to have met with foul play.
Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.
Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.
With the growing season wrapping up for many, southern Alberta's sweetest crop is in full swing.
Health-care advocates say the province's plan for a new primary care agency, operating separately from Alberta Health Services, won't help with doctor shortages in Lethbridge.
The Vancouver Giants scored late to force overtime before winning 4-3 over the Lethbridge Hurricanes Friday night.
The Ontario Medical Association, which represents the province's 43,000 physicians, medical students and retired physicians, launched their Stop the Crisis initiative Wednesday.
An effort to bring a deep-sea port to Sault Ste. Marie just got a major push forward, with support from the federal government Wednesday.
Some of the world’s best curlers have arrived in Sault Ste. Marie for the second annual Soo Fall Classic that many curlers say has become a can’t miss event.
A five-hour drive from St. John's, N.L., and well off the beaten path, Point Leamington seems an unlikely spot for a one-of-a-kind tourist attraction.
A Conservative MP from Newfoundland and Labrador says some small towns in his rural riding are overrun with crime, but police say they haven't received reports to that effect.
As millions in federal funding flow into a Labrador group whose claims of Inuit identity have been rejected by Indigenous organizations across Canada, a national Inuit leader worries the Liberal government is putting the rights of Indigenous Peoples at risk.
A B.C. judge has issued a decision in a years-long dispute between neighbours that began with a noise complaint over barking dogs, crowing roosters and quacking ducks – awarding $15,000 in damages to the plaintiffs in the case.
An Ottawa man was arrested after taking a shower in a stranger's house, Ottawa police say.
Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) Chef Paul Natrall, the man behind Indigenous food truck Mr. Bannock, is bringing cooking classes on First Nations fare to schools and offices throughout Metro Vancouver.
The Celtic Colours Festival is taking place at venues around Cape Breton Island in Nova Scotia from Oct. 11 to 19.
Sometimes love is written in the stars, but for one couple, it’s written in the aurora borealis.
Canadian hip hop artist Dillan King says running 100 marathons in 100 days was not only the hardest thing he has ever done, but the 'proudest accomplishment' of his entire life.
James Taylor never expected to be walking home with a bag full of groceries he didn't buy.
This weekend marks the fifth anniversary of a large blizzard that paralyzed Manitoba.
There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.
Canada's ambassador to the U.S. Kirsten Hillman is calling the United States' response to Canada's allegations against India 'strong,' as other allies have opted not to condemn India publicly.
Liberal MPs who have spent the last 10 days organizing to ask Prime Minister Justin Trudeau to step aside from the leadership of the Liberal party plan to plead their case directly to him at next Wednesday's caucus.
Prime Minister Justin Trudeau testified Wednesday before the national public inquiry into foreign interference in Canada's electoral processes. Recap all the prime minister had to say.
Health Canada released an advisory Wednesday warning that baby walkers available online may pose a risk of injury and reminding consumers the items are already banned in Canada.
Coca-Cola has recalled more than 13,000 cases of Minute Maid Zero Sugar Lemonade because the mislabelled cartons actually contained the full-sugar version of the drink, according to a report from the U.S. Food and Drug Administration.
Even though we're at the halfway mark of October, it's not too late to try Sober October.
At the heart of the ancient city of Petra, Jordan, carved into pink sandstone cliffs, lies an elaborate monument known as the Khaznah, or the Treasury. And buried beneath that edifice, archeologists recently discovered, is a tomb with at least 12 human skeletons and artifacts that are estimated to be at least 2,000 years old.
Expect to see more northern lights in unusual places as the sun continues to sizzle, space weather forecasters said Tuesday.
Hong Kong's oldest zoo is seeking answers in a monkey medical mystery after nine animals died in two days, including three members of a critically endangered species.
The death of Liam Payne, who shot to stardom as a member of British boy band One Direction and grappled with intense global fame while still in his teens, sent shockwaves across the world Thursday as Argentine investigators continued their investigation at the scene.
Pop star Liam Payne, who shot to global fame with boy band One Direction, died at the age of 31 after falling from a third-floor hotel room balcony. Before the fall, a hotel employee called emergency services.
Matt Berry has spent six years playing a suburban New York vampire but he will forever associate 'What We Do in The Shadows' with Toronto, where the acclaimed series was filmed.
Dozens of people rallied outside the Michigan headquarters of WK Kellogg Co. Tuesday, demanding that the company remove artificial dyes from its breakfast cereals in the U.S.
Coca-Cola has recalled more than 13,000 cases of Minute Maid Zero Sugar Lemonade because the mislabelled cartons actually contained the full-sugar version of the drink, according to a report from the U.S. Food and Drug Administration.
The diplomatic row between Canada and India could derail a trading relationship that already underperforms its potential, experts warn.
Check your pockets: the winning ticket for Tuesday night’s $65-million Lotto Max jackpot was sold in Toronto.
In 2018, Jason Bennett packed up and moved to the South American country of Colombia permanently after "falling hard" for MedellÃn, once one of the most notorious cities in the world. He now works for himself, running two companies, from his "adopted home."
Life extension might be a lofty — and dubious — pitch, but it’s a common theme among new social and wellness clubs, opulent high rises and private retreats.
Â鶹´«Ã½' Rachel CrowSpreadingWings sat down with legendary Inuk hockey player Jordin Tootoo for an open conversation on his new documentary, Tootoo: The Jordin Tootoo Story. The film takes a look at achievements throughout his hockey career and his struggles with addictions.
The Ontario Provincial Police has acknowledged that one of its employees did not follow the organization's policy when an alleged victim of sexual assault called a local detachment earlier this year to report an incident involving eight former junior hockey players.
Pittsburgh Penguins captain Sidney Crosby is the 10th player in NHL history to record 1,600 regular-season points in a career.
Canada’s border guards have seized more than 1,900 stolen cars so far this year at railyards and ports, which is over a hundred more than in 2023.
The Ontario Provincial Police says the number of fatal collisions caused by distracted driving on the roads it patrols has increased by 40 per cent compared to this time last year.
Tesla CEO Elon Musk unveiled on Thursday his vision of a 'a fun, exciting future,' an 'age of abundance' full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again promised would be available within a few years.
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