Posts Tagged "parents"

Health Risks & Family History

Posted by on Nov 18, 2012 in Health Signals | 0 comments

We don’t choose our blood relatives but, in some cases, our future health may depend on knowing more about them! Our genetic make-up may increase our risk or pre-dispose us to developing chronic conditions or diseases. Knowing our family’s health history may help us take steps today to prolong both our years of life…and add life to our years!   Lifestyle choices have a major effect on our health, but tuning into our family health history helps us know our risk of developing chronic conditions like heart disease, stroke, diabetes or cancer. Identifying these risks early on...

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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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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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Long Term (Care) Planning: It’s Not Just for the Old

Posted by on Feb 24, 2011 in Planning | 0 comments

Canadians have been quietly caring for their elderly for hundreds of years. Suddenly, however, it seems that long term care has worked its way from obscurity into the national limelight virtually overnight. If you consider the state of the country, the reasons are obvious. Canada’s population is aging rapidly. According to a Statistics Canada 2001 report the number of people aged 65 and over is expected to double from nearly 4 million in 2000 to almost 8 million by 2026. By 2016 at the latest, Canada will have far more seniors than children aged 14 and under, a phenomenon never before...

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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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