Several provincial and federal programs provide financial support to Calgary seniors. Many go unclaimed because people either don't know they exist or don't know how to apply. This page summarizes the key programs. For guidance on how these interact with a real estate transaction or downsizing decision, Kenton can discuss — his mortgage broker background means he understands the financial picture beyond just the sale.
Alberta Seniors Benefit
A monthly supplement for low-income seniors 65 and older in Alberta. The benefit is income-tested and based on your total income. Eligibility and payment amounts change each year based on the government's income thresholds.
How to apply: Through your MyAlberta account online, or by calling Service Alberta directly.
Website: alberta.ca/alberta-seniors-benefit
Special Needs Assistance for Seniors
One-time grants (not loans) for specific needs that improve quality of life or allow aging in place. Common examples: dental work, vision care, medical equipment, home modifications, mobility aids.
How to apply: Through Alberta Human Services. Must demonstrate financial need and that the expense is not covered by another program.
Seniors Home Adaptation and Repair Program (SHARP)
Low-interest loans up to $40,000 for home modifications that allow seniors to age safely in place. Examples: grab bars, ramps, accessible bathrooms, stair lifts, improved lighting.
Unlike grants, SHARP is a loan — repayment is required, but interest rates are favorable and terms are flexible.
Website: alberta.ca/sharp
Seniors Property Tax Deferral
Allows eligible seniors 65+ to defer payment of property taxes if their income is below a certain threshold. Deferred taxes remain a charge on the property and are typically recovered from the estate when the home is sold.
Old Age Security (OAS) and Guaranteed Income Supplement (GIS)
These are federal programs, not provincial. OAS provides a monthly benefit to most Canadians 65 and older, regardless of income. GIS is an additional supplement for low-income OAS recipients.
Both OAS and GIS are subject to income testing. If your income is above a threshold, your benefit is reduced or eliminated.
Canada Pension Plan (CPP)
A federal program based on your contributions during your working years. You can start CPP as early as 60 (reduced benefit) or delay it to age 70 (enhanced benefit). The longer you wait, the higher your monthly payment.
Website: canada.ca — CPP
CHIP Reverse Mortgage
Not a government program, but often discussed alongside government supports. CHIP (Canadian Home Income Plan) is a reverse mortgage product that allows homeowners 55+ to access home equity without selling the home or making monthly payments.
Interest accrues on the loan and is repaid (usually from the estate) when the home is eventually sold. As a licensed mortgage broker, Kenton can walk through how CHIP or other reverse mortgage options might fit into a financial plan.
Important Caveat
This list is a starting point. Program rules, income thresholds, and eligibility change regularly. For personalized financial advice, consult a financial planner or accountant. For how these programs intersect with a real estate decision, Kenton is happy to talk through your specific situation.