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.
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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.
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Why Not Make That Mortgage Tax-Deductible?

Imagine if you were able, like the Yanks, to write off all the interest on your mortgage payments from your taxable income. Since most of your payment is interest, that would be a windfall to surely increase your wealth by slashing your tax bill.
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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.
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