Elder Care

Total 374 Posts

‘Baby boomers under 75 set to inherit $750 B in next decade’- CIBC

I have a friend who inherited 1 million dollars from a distant uncle. Sounds like a healthy inter generational wealth transfer occurred. She has no children. She does not worry about whether she will be leaving an inheritance. Instead, she enjoyed a trip around the world and is keeping money aside for her golden years……..

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Charitable Giving, Elder Care, Estate Administration, Family Conflict, Philanthropy/Charitable Giving

Principal Residence – Duplex or Intergenerational House

The Canada Revenue Agency (CRA) was asked if a duplex occupied by a taxpayer and her aging parent could be treated as the daughter’s taxpayer “principal residence” for the purpose of claiming the principal residence exemption from the capital realized on the sale of the duplex at a later date.
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Canada Revenue Agency, Dependant Support, Disability, Elder Care, Estate Planning, Joint Tenancy, Property, Real Estate, Tax Issues

“‘Tis better to have loved and lost than never to have loved at all” -Alfred Lord Tennyson

My blogging colleagues have described many estate and trust issues resulting from subsequent marriages. However today’s blog acknowledges that older individuals can enjoy another meaningful, satisfying and loving relationship after the death of a significant other…..

“‘Tis better to have loved and lost than never to have loved at all” -Alfred Lord Tennyson Continue Reading »

Elder Care, Funeral Planning
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