Legal Issues in Financial Exploitation

Some but not all abusive actions are defined as crimes. The Criminal Code of Canada describes the different offences that someone can be charged with if they are accused of abusive actions towards older adults. Offences cover physical and sexual abuse, chronic psychological abuse, neglect, loss of rights (under the Canadian Charter of Rights and Freedoms), theft, breach of trust and breach of power of attorney, extortion, false pretenses, fraud and intimidation.
Read More...

Looking After the Financials

Caring for a loved one's financial matters is one of the more personal but important responsibilities a caregiver can take on for an elderly person. Some people have a hard enough time coping with their own financial responsibilities, let alone taking on someone else's as well. Most seniors feel they are more than capable of handling their own money, however, there are several things a caregiver can do to help them cope with the burden of looking after a loved one's financial matters and not come off as the medalling son or daughter.
Read More...

Pension Income Splitting is the Cinderella Tax Story for Seniors

Senior citizens concerned about losing income trusts as a low-tax investment vehicle can rest a little easier with the federal government proposal to allow income splitting. There is no shortage of eligible seniors: according to Statistics Canada there are more than 3.2 million people over 60 who are living common-law or legally married.
Read More...

Is Your Personal Care Financial Plan in Order?

Discussions with families about issues such as end of life care, assistance care, and care when you are incapacitated or vegetative state, are difficult to have. However, some tough questions do need to be asked.
Read More...