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Category: Financial & Legal
Thought your parents would also stay together as a couple? What “Grey Divorces” are doing to caregiving will shock you.
“If you want control of what your elder years are going to look like, you need some kind of game plan for exactly what kind of care you want,” according to Susan Hyatt of Silver Sherpa.
Start the conversation about your “End of Life Wishes” today.
Fit out-of-pocket expenses in your budget, if you’d like, but don’t take anything out of your own retirement savings.
This year the CRA has a tax credit for family caregivers. Perhaps this will help your family. Check it out.
Obtaining disability tax credits is a fairly simple process and, unless the filer has a cognitive disability, should easily be able to obtain the appropriate credits. But even a caregiver, especially with Power of Attorney, should be able to obtain them relatively easily at minimal cost.
Do you have a loved one currently or planning to move into a LTC or a retirement home in Ontario? If so, you need to read this article.
Are you taking advantage of these tax breaks?
A recent Ontario Superior Court decision rules that personal support workers and caregivers may owe fiduciary responsibilities to the individuals they care for.