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Mother's Day is just days away and Father's Day follows soon after. What to get for one's aging parents? Flowers? Golf stuff? What about peace of mind knowing that they will be cared for when they can no longer care for themselves?
Eldercare and financial planning for seniors and aging parents are increasingly important issues. People are living longer, and as boomers deal with their own retirement and financial planning needs, they are also weighing in on how to plan and care for their aging parents.
Canadians of all ages know eldercare is an important issue, but are uncertain on how to plan for it. See FPSC's current poll for the up-to-date results on this month's question related to eldercare.
Seniors have a vast array of financial planning needs specific to their stage of life regarding estate planning, managing cash flow on fixed incomes, charitable giving and other legacy issues, health and long-term care considerations - and more.
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BUDGET - Personal and Business Financial Planning Implications?
Last week the Conservatives unveiled their first federal budget, announcing a number of measures including: tax cuts; student benefits; child care benefits; changes in small business and corporate tax rates; pension income credits; capital gains rules on donations and more.
Care to explore what all this means from a personal and business financial planning perspective? We can put you in touch with CFP professionals from across Canada to share their insights and experience.
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