Posts Tagged "adult children"

Tax Breaks for You and Your Caregivers

Posted by on Apr 3, 2012 in Financial and Tax Matters | 0 comments

With many Canadians caring for aging parents or receiving care ourselves, it’s good to know that there may be federal and provincial tax breaks available to us: Below are excerpts from the Canada Revenue Agency (CRA) website, http://www.cra-arc.gc.ca, detailing three of the available federal benefits. Click on the links below for more information, and note that these benefits apply not just to the elderly, but to any qualified care recipients over the age of 18, such as adult children. Caregiver Tax Credit You may be eligible for this tax credit if you meet ALL of the following conditions: •...

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Parents Who Won’t Accept Help

Posted by on Feb 7, 2012 in Caregiving, Family Relationships, Sensitive Conversations | 0 comments

Originally published at www.thestar.com on September 3, 2010. Seniors resist help at home Susan Pigg, Living Reporter More than half of seniors resist asking for help, even from their adult children, fearing it signals a neediness that could land them in a nursing home, a new study shows. That fierce resistance is playing out in so many family squabbles — from the silent treatment to bitter turf wars between aging parents and their grown kids — that the home-care agency Home Instead Senior Care has just launched a series of online self-help videos, one of them focusing on communication....

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Home alone – not anymore. Your adult child is back.

Posted by on Mar 28, 2011 in Family Relationships, Financial and Tax Matters | 0 comments

Originally published at www.investorsgroup.com. Used with permission. Call ‘em Boomerang Kids or KIPPERS (Kids In Parents’ Pockets Eroding Retirement  Savings) – but by any name, the number of adult children living with their parents is on the rise. And for Boomers, that can be a double whammy because many are being sandwiched between caring for their adult children and for their aging parents. A recent survey* of Boomers revealed that four-in-ten who care for both children and parents say they have been forced to reduce the amount they’re investing for retirement, one-quarter say they have...

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The “Not-So-Empty” Nest

Posted by on Feb 24, 2011 in Family Relationships | 0 comments

 Today, adult children are living with their boomer parents longer than previous generations did.  There are also “boomerang kids”, who return to the family home after some time on their own.  Why is this happening? How do you learn to manage with a household full of adults?   First, some statistics: In 1981, only 28% of Canadians aged 20 to 29 were living in the family home. By 2001, that figure was up to 41%. In the 1970’s, the median age at first marriage was 21 years for women and 23 for men. Now, it’s 26 for women and 28 for men. For many young adults, living...

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Aging Parents and Adult Children Living Together? Talk Before You Pack

Posted by on Feb 24, 2011 in Housing Options, Living Arrangements | 0 comments

Are you considering moving in with your adult children? Are you thinking about having your aging parent(s) move into your home? Whatever your reason, you can expect that some intergenerational households will work well, but others are filled with tension. Moving in together can work, but success is greater when everyone pays attention is paid to each others’ autonomy and where certain things are negotiated beforehand:   Respect Autonomy Seniors have been making their own decisions for a long time. Asking them to give up this independence can create feelings of tension and...

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