The seniors population in Canada is a large and dynamic group, which contributes as volunteers, caregivers and taxpayers.
Most seniors are productive, competent members of society.
However, the average age of retirement in Canada is decreasing, and the incidence of involuntary retirement appears to be rising. Unfortunately, although few older Canadians are destitute, there are pockets of older people particularly women and minority group members who are in economic jeopardy. Average incomes for older men and women are highly disparate. Women are less likely than men to have developed the financial resources necessary for a secure retirement, largely because of interrupted career paths. Limited income due to retirement, loss of occupational role or adjusted standard of living causes distress for some seniors.