As individuals age and medical conditions become more prevalent and significant, the need for assistance in daily activities increases. As a result, many consider moving to nursing homes, retirement homes, or smaller apartments or condos. Alternatively, some may choose to remain in their home but engage others for assistance or make structural modifications to improve […]
About Joseph Devaney
Joseph Devaney, CPA, CA, is a member of the editorial board of Video Tax News in Edmonton, Alberta.
Tax Issues for Older Adults
In our working years, determining our personal tax burden can be quite simple – earn income and pay personal tax at the graduated rates. In our senior years, the formula is less straightforward. Though seniors pay tax at the same graduated personal tax rates as the rest of the population, senior-specific benefits, programs, and credits […]
Tax Assistance for Persons with Disabilities
March 6, 2014 By Joseph Devaney
According to a 2012 Statistics Canada survey, an estimated 3.8 million adults in Canada are living with a disability. Of those in the survey aged 75 or greater, 42.5% suffered from one or more disabilities that limited their daily activities. Fortunately, Canada has several tools to assist us in dealing with these challenges from a […]
