All About Estates

Tag: seniors

Total 26 Posts

The ‘D’ word we don’t talk about- enough

Delirium: At this time of year many of us, regardless of age, can get the flu. Unfortunately for seniors, the flu can be particularly dangerous- for a number of reasons – Pneumonia – Dehydration – Greater falls risk with weakness – Body weakness and – Delirium- the topic of today’s…

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It’s Friday afternoon at 4:00 pm and your mom is being discharged home.

This was the frantic call I received from a daughter this past Friday. The hospital was discharging her 90 year old mother but had omitted to confirm that services and follow up medical appointments were in place. Now in many cases, this might not be a problem- depending on the…

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Today is National Senior’s Day.

What does this mean exactly? Does it mean a greater discount at Shopper’s or at Timmy’s. I don’t think so…… It is actually a reminder to all of us to acknowledge the great contribution made by seniors every day. As boomers reach this milestone, a senior is officially defined as…

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I Didn’t Want To Wake You…..

A story I heard….. Last week Zoey had the pleasure of visiting her aunt and uncle (in celebration of a 90th bday) who live in the States. Zoey and her husband accompanied her mother who took the train in (by herself) from Montreal so that we could fly together. Zoey’s…

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Grey area: The fragile frontier of dementia, intimacy and sexual consent

Originally posted for allaboutestates.ca Grey area: The fragile frontier of dementia, intimacy and sexual consent was the Saturday July 14, 2018 front page headline in the Globe and Mail. Seniors and sexuality finally makes the front page of a national newspaper. However It is much more than that and the…

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RRSP’s and Early Withdrawals.

Registered retirement savings plans (RRSP’s), introduced in 1965 by the way, are a great vehicle for retirement savings and a keystone found in most retirement and estate plans. It is one of the few ways to earn an income-tax reduction in your earning years (the amount you contribute is tax…

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Do You Have a BFF?

As Carol King so aptly wrote in 1971 “when you are down and troubled and need a helping hand…( sing along here as I am sure you know the lyrics)…you’ve got a friend, …ain’t it good to know you’ve got a friend”? Everybody needs a friend, regardless of age and…

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Canada Pension Plan Survivor Benefits

It’s no surprise that when one spouse dies there may be a sharp decline in household income suggesting some time is spent planning for the change.  A recent article (https://www.advisor.ca/tax/tax-news/shedding-light-on-the-cpp-survivor-benefit-241094?email=yes) shed light on the CPP survivor benefit that is both interesting and worthy of note. A survivor for purposes of…

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Elder Orphans

You may already be familiar with the terms. It refers to older individuals who do not have any family to provide care for them. They have either outlived their family or are estranged from them. With our aging demographics we are working with many single women who do not have…

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Principal residence exemption – renting to a child

The Canada Revenue Agency (CRA) was asked if a taxpayer’s property designated as his “principal residence” but rented and lived in by his son continued to qualify as his “principal residence” for the purpose of claiming a principal residence exemption to shelter a gain from personal tax.

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