For many Canadians in their late 30s to 50s, life feels like an endless juggling act.

You’re working to grow your career, raising children, and trying to keep your own retirement plans on track. But at the same time, your aging parents are starting to need financial, emotional, or even physical support. This double responsibility—caring for both your kids and your parents—is what defines the “sandwich generation.”

In Canada, demographic and economic realities are making this group larger than ever. Longer lifespans mean parents may need assistance for many years, while rising housing costs, student debt, and competitive job markets often delay children’s financial independence. Add inflation and higher interest rates, and the financial squeeze becomes even tighter.

If you’re part of the sandwich generation, here are practical steps to help protect your finances while still supporting your loved ones:

1. Take inventory of your current financial picture—The first step is clarity. Gather a detailed view of your income, expenses, savings, debts, and assets. Understanding your full financial picture will help you see what you can realistically afford to........

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