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How to manage your money

working out monthly budget

 

 

What can I do to make money managing easier?

You and your family can try to:

  • Create a financial plan and budget
  • Connect with a financial adviser
  • Set up a power of attorney for property
  • Find out what your private health insurance covers (if you have it)
  • Find out if you have disability insurance and what that covers

 

What is a power of attorney for property?

This is a legal document. It gives someone else the right to make money decisions for you when you are no longer able. This lets them help you with things like paying the bills.

Give this right to someone you trust.

POA for property - You can learn more about how to choose the right person on the Public Guardian and Trustee website.

 

How can my workplace support me?

Check with your workplace to see if you can get support for short-term or long-term disability.

Short-term disability lets you get some pay when you have a health problem that is lasting a long time. Your doctor will need to fill out some forms for you.

Long-term disability lets you get some pay if you cannot return to your job because of health problems. It can give you back more of your pay over a longer period of time.

 

How can my community support me?

Find out what local resources you have in your community. Sometimes there is help with housing, medical items and other services.

Visit Toronto Central Healthline website to explore options in the Greater Toronto area.

 

How can the government support me?

Here are some programs that may be able to help support you after a stroke. Explore each website to learn more about each program.

 

Employment Insurance (EI)

Gives short-term financial support to people who have lost their jobs through no fault of their own.

 

Ontario Disability Support Program (ODSP)

Gives long-term financial support to people who cannot work because of their health or disability. Helps people with disabilities find a new job. 

 

Ontario Works (OW)

Gives short-term financial support for basic needs (such as food and shelter) and healthcare. Helps people find a new job.

Canadian Pension Plan (CPP) Retirement Pension and Disability Benefits

 

Ontario Public Drug Programs

Ontario has programs that help pay for some medicines or medical items.  

 

Where to learn more about managing money:

Toronto Central Healthline
Managing my money

City of Toronto

City of Toronto Hardship Fund
416-397-0330

Canada Revenue Agency

Tax Return Eligible Expenses