What is one lesson you wish your mom or dad would have taught you in regards to finances?
This new federal non-refundable credit will provide up to a maximum of $2,000 in tax relief to benefit one-earner or two-earner couples where one spouse’s income is taxed at a higher rate.
On the death of your spouse or a loved one or friend you may find that you have been named as the Executor (or Executrix) of a Will. The Executor could also be a trusted friend or an advisor or even a trust company. If the deceased did not have a Will or the Will did not name an Executor then the Surrogate or Probate Court will have to be approached and the court will appoint an appropriate person as the representative. This person is called the Administrator and fulfills the same role as the Executor.
By Andrew Hallam, Special to The Globe and Mail. Published Friday, Dec. 27 2013, 8:30 PM EST
One of the things I’m most proud of this year is talking lots of kids in my high school personal finance class into opening investment accounts. The youngest was 14, the oldest 18.
Youth need to be ready for money decisions…