An accountant is a professional who, for a fee, can help you understand your financial situation. They provide financial advice and services, such as preparing income tax returns and estate and trust planning.
Tips and Links
- Chartered Professional Accountants for Canada is an organization that oversees the accounting profession and offers resources.
- Ensure you file your income taxes every year as you need 2 years of income tax reports to apply for deductions, benefits, tax credits, and/or home care services funding.
- Consider working with an accountant to assist you in developing a financial plan that aligns with your lifestyle and future goals.
- Explore disability benefits that you might be eligible for such as a registered disability savings plan (RDSP), disability tax credit (DTC), and benefits for parents and family caregivers.
- Older adults and seniors need to explore their retirement goals, ensuring they have enough resources to support their lifestyle, cover health care costs, and prepare for costs associated with assisted living or residential care.
- See if there is someone in your care partners list who is an accountant. Perhaps you know a retired accountant who can assist you?
- Be aware that accountants offer valuable assistance with financial planning, trust accounts, taxes, and estate planning.
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