Financial and Estate Planning

For your entire adult life you are subject to taxation in some form or other. You may begrudge paying these taxes, but you nevertheless do, justifying the expense as the "required cost" of living in Canada. It therefore seems a bitter irony that the payment of taxes doesn't necessarily end when you die. You are likely aware of the various income taxes that are payable by your estate in the year of your death. However, you may not be aware that additional costs, sometimes referred to as a "death tax", can be incurred in the form of probate fees charged for duly approving your will through letters probate.
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Tax Credit for Caregivers

Caring for a loved one can often add strain to your budget, and every little bit counts. Not everyone is aware that the government offers a Caregiver Credit.
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Can't Manage? Try Managed Money

A million bucks isn't what it used to be, but whenever the media refers to a person as a "millionaire" it's meant to an elitist, and usually a negative, term - at least in Canada. In the States, it's a different thing, as self-made, egocentric rich people like Ted Turner and Donald Trump are sources of both envy and pride. In the U.S., wealth means success in a capitalist society. Here it means you probably won by shafting other people, and you should feel guilty.
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Caring for the elderly: Will you be prepared?

Statistics Canada reports that more than 1.7 million Canadians aged 45 to 64 provide informal care to seniors with long-term disabilities or physical limitations. In addition, 10% of those caregivers suffer from health problems themselves and one-third incur extra expenses as a result of assisting an aging relative.
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