Would you sell your business to financially support your parents in their senior years?
Ruthie Cummings is doing just that, raffling off her Das Gasthaus German eatery on the Danforth so that she can focus on caring for her elderly parents and try her hand at a new restaurant.
“I love my restaurant, but there is an obligation to look after my parents so they can stay in their home,” Cummings told the Toronto Sun.”
Want in on the raffle? 4,000 tickets are being sold at $150 a pop. The money garnered from said tickets will cover costs and pay off all outstanding debts.
Cummings claims that the business makes money. The raffle will provide the winner with the restaurant and everything inside (save for a few paintings and pictures that hold sentimental value).
John Oakley asks if this story isn’t a good example of how the government is failing older Canadians when it comes to supporting them in the later stages of their lives.
Instead of pledging billions of dollars to battling climate change, or spending almost $2 billion to look after 25,000 refugees in Canada, should the government devote that money to our struggling seniors? Have you had to make sacrifices to ensure that your parents enjoy a comfortable retirement