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seniors

When does a relationship become common-law?

Q: My dad is in his 70s and has mentioned moving in with his new girlfriend. Should we be concerned about protecting his assets if the relationship gains common-law status?
October 27, 2022
Family

Ask MoneyTalk: Mom doesn’t want to go into a seniors home anymore. What now?

One of the many things the pandemic may have changed is our attitude towards senior homes. Kim Parlee talks to Nicole Ewing, Director, Tax and Estate Planning, about what people need to consider if a family member suddenly decides a traditional retirement home isn’t for them anymore.
August 18, 2021
Retirement / Family

Ask MoneyTalk: When can seniors lose their principal residence exemption?

It’s a stressful time for the family when parents get older, but if they move from a home to a senior’s facility, they may be at risk of losing their principal residence exemption. Kim Parlee talks to Georgia Swan, a Tax and Estate Planner with TD Wealth, about what seniors have to know.
May 12, 2021
Retirement / Family / House

Is there tax relief available if I’m caring for an aging parent?

Many families looking after elderly relatives right now could also be strained financially as they provide necessities for those who need help. Kim Parlee talks to Georgia Swan, a Tax and Estate Advisor with TD Wealth, about what tax credit options are available.
September 1, 2020
Family

Banking during lockdown: Four online tools seniors are embracing

More seniors have turned to mobile and online banking during the COVID-19 pandemic. Here are four ways technology has made it easier than ever to manage your money safely at home.
June 25, 2020
Retirement