Tax relief and the cost of supporting elderly parents

With an aging population and a strained social support system, many of us will be looked upon to provide some amount of financial support for an elderly person which, in some cases, may place a financial strain on the supporting individual. Not to be overlooked is the tax relief provided by both the federal and provincial governments. Generally speaking, tax relief for costs incurred by the elderly is delivered in….

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Canada Revenue Agency, Elder Care, Estate Planning, Geriatric Care Management
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