#1 Virtual Seniors Community in Canada
My mother is going into a care home. She owns a home and will have to sell it. She other assests as well. We are wondering what we can do to protect her assets and ensure that her rates at the care home will not be astronomical. Can we legally transfer some assets to family with no repercussions?
Janet P Winnipeg, MB

Her assets should be safe. Nursing home rates are set by the provinces ministry of health - they cannot charge based on assets - only according to the fee schedule - every province has a different formula. We have an article on our website - Nursing Home Rates across Canada - it was recently updated - have a look at it and you will get an idea of costs. Just make sure you have a power of attorney in case you need to manage her assets or she becomes incapable.

  Back to Results

Lumino Health
Comprehensive Guide to Retirement Living in Canada

Comprehensive Guide to Retirement Living®
(FREE PDF Download)

Canada-wide – 22nd Edition

  • What is a Retirement Residence? and Who Needs One?
  • Retirement Residence & Long-Term Care Visiting Tips –Important Questions to Ask and Things to Look For when touring
  • Emotional Aspects of Relocation
  • How to Make the Transition Easier
  • What if a Retirement Community is not the Right Option?
  • What is Long-Term Care?
  • Community Resources
  • Housing Options
  • Resource information on goods and services for seniors
Get it Here



The Guide

The Guide

Follow Us
Senioropolis on Facebook
Senioropolis on Twitter
Senioropolis on LinkedIn
Senioropolis on Pinterest
Senioropolis on YouTube
Senioropolis on Blogger
Retirement Resources
Retirement Resources