Tax season may bring some good news for local families living with dementia.
Caregivers and people with dementia may qualify for additional tax credits that can save them money.
They can find out how to claim the credits, and get other income tax tips, through a free tele-workshop offered by the non-profit Alzheimer Society of B.C. Certified financial planner Catherine Laird will lead the two-hour session, entitled Understanding Tax Credits, Income Splitting and Estate Planning for People with Dementia, on Thursday, Feb. 13 at 7 p.m. Laird, with Investors Group Financial Services Inc., is a member of the Elder Friendly Community Network in Victoria. For more than 20 years she has worked with seniors and their families to ensure that their financial affairs are set up for their benefit and protection.
During the tele-workshop, she will explain tax benefits available to caregivers and people with dementia, such as the disability tax credit and the reimbursement of some medical expenses. She will also show local families how to utilize income splitting strategies, and explain some of the key elements of trusts and estate planning.
Connecting to the session is as easy as visiting momentum.adobeconnect.com/alzheimerbc (enter as a guest) or phoning toll-free 1-866-994-7745, then entering pass code 1122333 when prompted.
For more information on Alzheimer’s disease and other dementias, visit www.alzheimerbc.org