Planning for aging loved ones can be difficult, experts say

A Feb. 20 Q&A with three reporters noted that nearly one in five Canadians is over 65 and highlighted common themes: early family conversations, legal paperwork such as wills and powers of attorney, and the practical and financial strains on caregivers.

Canada's population is aging and families are facing new planning questions. Nearly one in five Canadians is over age 65, according to Statistics Canada. On Feb. 20, reporters Ann Hui, Zosia Bielski and Meera Raman answered reader questions about planning for aging relatives, tough conversations and caregiving pressures. Key points: - Reporters and experts stressed the value of early family conversations to clarify care wishes and values, while noting cultural differences can make such talks sensitive. - Legal steps discussed include wills and assigning powers of attorney for personal care and property; in Ontario the Substitute Decisions Act was noted, where an attorney for property is entitled to compensation unless the document specifies otherwise. - Caregiving pressures reported include that about one-fifth of caregivers are themselves over 65, workplace strain for employed caregivers, and the availability of various federal and provincial caregiver leaves and supports. - Financial impacts were highlighted by individual examples: some caregivers alter retirement plans to accommodate housing needs, and one couple reported spending about $30,000 a year on paid caregiving. Summary: The reporting highlights how demographic change is increasing family and workplace strain around elder care and planning. Commonly mentioned elements are family conversations, legal documentation and community supports, but the degree of employer and policy response varies. Undetermined at this time.