Estate Planning

Total 1074 Posts

Tax relief and the cost of supporting elderly parents

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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

Eeny, Meeny, Miney, Mo, Who Will Get Your Kids After You Go…

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This is a question that plagues parents when they do their Wills – often to the point that they don’t actually do their Wills. Perhaps knowing what the effect of including a guardianship clause in a Will is, parents wouldn’t let this issue stymie the completion of their Wills…..

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Estate Planning, Guardianship, Wills

Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify?

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Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify? Growing older with a disability raises questions for parents and adult children alike. For many parents raising a child with special needs, they worry who will look after their adult child when they are no longer capable. ….

Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify? Continue Reading »

Canada Revenue Agency, Estate Planning, Succession Planning
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