Over a third of caregivers must use their personal finances and savings to pay for the needs of the person they care for. They often have to cut back on their or their family’s spending to do so. Some will need a loan or sell off other assets to afford care. Those caring for children and older adults at the same time are facing the greatest financial hardships.
There are several financial supports available for caregivers from government agencies and community organizations. You may also be eligible for caregiver benefits and leave.
Federal Government of Canada Benefits Finder also searches for provincial benefits.
Alzheimer Society may offer a Caregiver Grant in your area.
Labatt Better Together program has grants for elderly support, youth development, health services and assistive devices for those at or below the median income.
March of Dimes offers a variety of funded programs and services for people with physical disabilities.