Depending on your province:
Accommodation in long-term care facilities typically costs from $900 to more than $5,000 per month. This is based on the type of room and level of government funding available.
Private home-care service can cost from $20 to $90 per hour for personal care or nursing care.
If you require extensive care, your costs could easily add up to between $35,000 and $65,000 a year.
Did you know that your chances of living to 100 years old are better than ever? While living a long life may be seen as a great gift, we also need to be prepared financially to pay for their future long-term care needs.
Long-term care insurance provides financial protection should you become unable to care for yourself.