ON - Preventing and Intervening in Situations of Financial Abuse

ON - Preventing and Intervening in Situations of Financial Abuse
Preview Tool (PDF)

Ontario edition

What is Financial Abuse?

Financial abuse is the most common form of elder abuse in Canada. Financial abuse refers to theft or exploitation of a person’s money, property, or assets. Examples include:

Misusing a Power of Attorney

Stealing a senior’s money, pension cheques, or possessions

Committing fraud, forgery or extortion

Sharing a senior’s home without paying a fair share of the expenses

Unduly pressuring a senior to:

  • Sell personal property
  • Invest or take out money
  • Buy alcohol or drugs
  • Make or change a will
  • Sign legal documents they do not understand
  • Give money to relatives, caregivers, or friends
  • Engage in paid work to bring in extra money
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National Initiative for the Care of the Elderly (NICE)
246 Bloor Street West, Room 234
Toronto, Ontario M5S 1V4, Canada