Tips – Fall 2013

This issue’s highlights:
Tips to Help Choose a Strata Property
Best of BC: The Fraser Valley
Expecting a Visit from International Family or Friends?
Tax Credits Available to Seniors
Four Fitness Classes to Try in Autumn

Read More

BC Seniors’ Resources

BC Notaries Share Helpful Resources for BC Seniors for National Seniors Day, October 1 
Many BC seniors aren’t aware of tax credits and other support 

The Society of Notaries Public of BC is sharing a few helpful resources, tips and links for seniors, and the many British Columbian boomers who are approaching their golden years, in honour of National Seniors Day on Tuesday, October 1, 2013.

“Today’s seniors have played in an important role in building our country and province and we appreciate and celebrate their valuable role in our communities. In recognition of this contribution, there are a number of supports such as tax credits available to people over 65 that not everyone is aware of, or accessing,” said Akash Sablok, President of the Society of Notaries Public of BC and a Vancouver Notary.

Tax credits available to seniors include:

B.C. Seniors’ Home Renovation Tax Credit – available to people over 65 to assist with the cost of certain permanent home renovations to improve accessibility or help with functionality or mobility.

Disability Tax Credit – available to anyone who has a “severe or prolonged physical or mental impairment” including those with macular degeneration, dementia or other age-related conditions.

Homeowner Grant – homeowners 65 or older may be eligible for additional property tax reductions. This is intended to help low-income seniors allay financial hardship as their home may have increased substantially in value resulting in increased taxes.

“If you’re a senior or have senior parents, it’s worthwhile to learn more about these tools,” said Laurie Salvador, a Notary in Sidney. “It’s not uncommon for people to be unaware of all the supports they’re entitled to. As Notaries who frequently work with seniors, we see this too often.”

Other tools and tips that can help seniors, and give them and their families increased peace of mind include medical alert services that enable seniors to summon help if they have a medical or other emergency – even if they can’t speak – and ensuring healthcare planning documents are up-to-date and valid.

“Many seniors have advance care planning documents designating how they want their healthcare to be managed if they can’t speak for themselves, or designating someone as a decision-maker. These documents can become outdated or, in some cases, weren’t prepared properly and are therefore

invalid. It’s critically important to have a legal professional such as a Notary review your planning documents to ensure they will fulfill their intended purpose,” said Kristy Martin, a Victoria Notary.

The Society of Notaries Public of B.C. represents more than 320 highly trained Notary professionals. Most have locally owned and operated offices and all provide personal assistance to clients around the province. Individuals, families, and businesses seek the services of B.C. Notaries for a wide range of non-contentious legal matters, including residential and commercial real estate transfers, mortgage refinancing, Wills and advanced healthcare planning, powers of attorney, and other important documents.

The Notary’s Tradition of Trust spans 2,000 years. Notaries first came to British Columbia over 100 years ago. They continue to serve their valued clients and their communities across the province.

To find a Notary, or for more information, visit www.notaries.bc.ca

Download article

 

Tips – Spring 2013

Plan Ahead for Property Tax and Home Owner Grants
Spring is a time for warmer weather, tulips, organizing, and that other annual ritual—paying property taxes.
If you’re a home owner in British Columbia, you will soon receive a reminder about your municipal property taxes. Paying property taxes is an annual cost of home ownership. The money goes toward many of the public services we enjoy in our communities.

Read More

Tips – Winter 2013

BC’s First Family Day Reminds Us of Importance of Planning
BC will celebrate its first Family Day holiday on Monday, February 11. It’s an excellent opportunity to connect with relatives young and old and to think about planning for the future. Plans for 2013 will include vacations; home renovations or new homes; celebrations for weddings, birthdays, and anniversaries; and other special events.

Read More

Tips – Fall 2012

Power of Attorney Useful for out-of-town University Students
While many people think of a Power of Attorney as a tool to help older relatives with their daily finances or take care of the affairs of a loved one who is gravely ill, it can also be useful for students.
At this time of year, many young adult children are heading off to university. They may want help with day-to-day issues such as banking, paying bills, or even making housing arrangements. The only way a parent can do those things for an adult child is through a Power of Attorney.

Read more

Personal Planning

PERSONAL PLANNING

Personal Planning is carefully crafted directives so that when the time comes that you, the adult, cannot express your wishes somebody can step forward to act on your behalf to express your wishes.

Effective September 1, 2011 several changes in legislation have come into being:

[Read more...]