When you are retired, but still have your physical and mental health, you should take a fresh look at your financial plans, your estate plan and will, and how you and your spouse communicate. Health changes can be sudden in one’s later years, and in bad cases can have a very negative impact on your ability to think through and deal with issues.
From January 2009, Canadians over the age of 18 can save up to $5,000 a year in a Tax Free Savings Account (TFSA). There are some potential issues you should know about regarding your TFSA and your will. Continue reading