A panel of specialists share what families and caregivers need to know about the caregiving journey.
Caregiving can be one of the most meaningful and demanding jobs an individual will ever have. One quarter of the Canadian population over the age of 15 identify as caregivers. And as life expectancy numbers in Canada start to trend higher again, planning for health and wealth has never been more important.
In a recent panel discussion, specialists from Elder Caring Inc., CanAge, and Baycrest’s Koschitzky Centre for Innovations in Caregiving joined RBC Wealth Management to share what you can do to help prepare yourself and your family for the caregiving journey. Here are five key takeaways:
Talk with your family during calm moments to plan ahead, and meet with your advisor to explore different care scenarios and understand how this may impact your wealth plan.
Visit the RBC Wealth Management Longevity: Aging Well hub to explore more insights and resources to help you plan for your retirement.
This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager & North Investment Counsel Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and their affiliate, Royal Mutual Funds Inc. (RMFI). *Member – Canada Investor Protection Fund. Each of the Companies, RMFI and Royal Bank of Canada are separate corporate entities which are affiliated.
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® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2026. All rights reserved.