Oil sector worker frets job loss will wreck plans, but with $2.2 million in assets, couple needn’t worry

Situation: Couple with solid income and hefty savings worry that unemployment would wreck plans Solution: Stress test employment and investment income to find total income in tough times, trim spending A couple we’ll call Tom, 53, and Sylvia, 51, live in Alberta. They have two children in their twenties studying at post-secondary institutions in the …

Disappearing credits, principal residence sales and more things to watch for as you fill out your tax return

If you’ve been scouring your 2017 tax return looking for the line in which you enter your kids’ soccer registration fees, you can stop. It’s not there.Illustration by Chloe Cushman/National Post files April 30, 2018 is the 2017 tax filing deadline for most Canadians. If you or your spouse (or partner) were self-employed in 2017, …

The sad case between boxer George Chuvalo and his family sheds light on questions of mental capacity

George Chuvalo is shown at his 80th birthday celebration in 2017.Ernest Doroszuk/Toronto Sun/Postmedia Network As Canada’s baby boomers age, their health declines and legal issues can increase. Many of those issues involve questions of ‘capacity’ — often, whether an individual has or had the capacity to make certain financial decisions. But capacity can also be …