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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Making Tax Time Fast & Easy
It's almost tax time again, and everyone is always hunting for hints on how best to complete their taxes. To make tax time easier, here are a few practical tax tips everyone can use.
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Seniors Canada Online
Canadians have said they want one-stop access to Government services, and the Government of Canada is committed to meeting this need. Government of Canada departments and agencies are grouping their electronic information and services according to topic or target audience. They are developing Internet sites that give Canadians access to this information. Seniors Canada On-line is the Government's response to seniors' request for easy electronic access to seniors-related services.
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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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