According to a study by the Public Health Agency of Canada, 35 per cent of Canadians with a neurological condition such as Alzheimer's disease reported having experienced a financial crisis in the past 12 months.While the connection between dementia and financial...
Month: March 2016
These are the optional tax returns that can reduce tax for the deceased’s estate
In Canada, after a person dies, the due date for filing his or her tax return is typically one of two dates: Either April 30 of the year following the year of death Or six months after the death dateWhichever date is later is the date that applies. Now that April 30...
Ontario Court of Appeal reverses lower court’s ruling on ‘racist’ will
In addition to the grief of losing a loved one, problems with the deceased's will can add costly conflict to an already difficult time. In many cases, litigating the dispute drains the inheritance in question, and that has been the case for two sisters whose father...
How is Ontario’s estate tax calculated?
Ontario's estate administration tax -- commonly called the estate tax or probate tax -- is calculated based on the total value of the deceased's estate at the time of death. The assets to be valued include: Bank accounts Investments, such as stocks, bonds and options...