Caring For a Family Member

When you’re the one they count on

We understand that whether you are new or experienced in the role of caregiver, you have a lot on your shoulders. The responsibilities of looking after a parent, spouse or child can be a significant challenge. Your role as caregiver can often also include unexpected financial obligations. Understanding what those costs will be and how they will affect your financial plan is essential. Let us help you to take some of the unknowns out of your situation.

Resources

Caregiving in Canada Guide – Information & Resources
Our guide provides tips on where to begin in your role as a caregiver, definitions of common services and vital information about where to find the resources available to Canadians. The guide also provides important details and insight into the financial implications of caregiving and can help you to begin to understand the service types.

Home Care Checklist
BMO has developed a helpful checklist of essential questions to ask when reviewing and evaluating possible home care service providers.

Additional third party home care checklists and information is available in our external links section.

Residential Care Checklist
BMO has developed a helpful checklist of essential questions to ask when reviewing and evaluating possible residences.

Additional third party home care checklists and information is available in our external links section.

You may also be concerned about the implications that your role as a caregiver may have on your finances over the long-term. Please speak to your BMO investment professional for assistance with the financial implications of caregiving to ensure that they are considered in your financial plan

Let us help you to take some of the unknowns out of your situation.

BMO Solutions

Speak to a BMO Financial Group Financial Planner to:

• update or create your financial plan
• arrange for prepaid funeral services
• discuss your eligibility to open a Registered Disability Account

Speak to a BMO Nesbitt Burns Investment Advisor to:

• update or create your financial plan 
• discuss Power of Attorney

Speak to a BMO Harris Private Banking Client Advisor to find out how our enCircle service can make life easier for mature family members, including solutions for:
      - caregiving services
      - bill payment
      - tax return preparation
      - investment management
      - estate planning and more 

Find out if Homeowner ReadiLine® can help you with caregiving expenses.

Set up a Tax-Free Savings Account. 

Other Tools and Links

Find support and resources at Caregiver Connect.
See Service Canada information on Being a Caregiver.