LegalEase

Qualifying for the Disability Tax Credit, easier than you think

Qualifying for the Disability Tax Credit, easier than you think

I was doing some research recently for an article about the Disability Tax Credit (DTC) and I came upon some alarming statistics. According to CBC News, Canada Revenue Agency (CRA) estimates show that at least 1.1 million Canadians are eligible for the DTC, half of them seniors. But only 620,000 claimed it in 2012-13, saving themselves a total of almost $1 billion in federal tax. Considering that ... »

Wrongful dismissal: How long do you have to look for another job?

Wrongful dismissal: How long do you have to look for another job?

If you successfully sue for wrongful dismissal, one of the things a court will consider when assessing how much compensation you should receive is whether you have mitigated your damages by making adequate efforts to look for a new job. The problem, particularly for older workers, can be that after a few months of looking for work, it may become apparent that there isn’t much out there for senior ... »

Fired older employee entitled to more than “bridge” to unreduced pension

Fired older employee entitled to more than “bridge” to unreduced pension

The damages in lieu of notice owing to a wrongfully dismissed employee who worked for a company for 31 years was not limited by the Ontario Court of Appeal to the “bridge” or the number of weeks until he was eligible for unreduced early retirement. When Matthew Arnone was 53 years old and earning $95,000/year he was fired by Best Theratronics Ltd.. His employment was terminated due to a restructur... »

My Take on the Federal Budget

My Take on the Federal Budget

I haven’t written about the Federal Budget yet because I’ve had my ear to the ground listening to what everyone else has to say. First of all, I freely admit I have no idea what is good for the economy. Of course I like the RRIF and TFSA changes because my husband and I are on the cusp of retirement. But be assured that it would take alot more than a pre-election budget to change my vo... »

Federal Budget: What do seniors want?

Federal Budget: What do seniors want?

You can join CARP even if you are as young as age 45. But although I was born in 1950, I waited until this year to join. I guess I didn’t want to identify as “old” or “getting older” and the term “Zoomer” coined by CARP President and media mogul Moses Znaimer made me think of seniors zipping around on motorized scooters. What finally did it for me, is that we will no longer be eligible for a corpo... »

Media scan: Week of March 23rd

Media scan: Week of March 23rd

This week I posted on Retirement Redux How the medical tax deduction can save you money and Anti-Fraud month: Seniors scams to watch out for. How hiring a professional organizer can save you money appeared on savewithspp.com and Here’s some clarity on workplace benefits was featured on Brighter Life. Here are some of the interesting blogs and articles I read. Blogger and pension analyst Sean Coope... »

Anti-Fraud month: Seniors scams to watch out for

Anti-Fraud month: Seniors scams to watch out for

As my Mom gets older, I become increasingly aware of how vulnerable she is to financial scams and fraud. We help her with her finances because she sometimes forgets to pay bills. She is also tempted by phone calls from telemarketers offering everything from a “free” trip to the Bahamas to a better deal on her cellphone or cable TV. But if she did not have close family to advise her and unknowingly... »

How the medical tax deduction can save you money

How the medical tax deduction can save you money

  Medical expenses for you, your spouse or common-law partner, and dependent children under 18 are claimed on line 330 of the federal tax return. I don’t know anybody who wants to pay more taxes than they have to, but medical expenses are one area where many Canadians of all ages may be leaving money on the table. There are several reasons why this may occur. First of all, only expenses in ex... »

Fired teacher gets 12 months plus LTD to age 65

Fired teacher gets 12 months plus LTD to age 65

A wrongfully dismissed computer studies teacher was awarded 12 months’ pay plus payments in lieu of long term disability for 11 years until age 65. This case re-affirms that employers must continue LTD coverage for wrongfully dismissed employees during statutory and common law notice periods or the organization will have to foot the bill if a former employee becomes disabled once they are no longe... »

Why pets should be part of your will

Why pets should be part of your will

  Rufus (the dog) and Simba (the cat) are much loved members of our family, but unlike Oprah Winfrey who has left $30 million in her will for the care of her dogs, it never occurred to me to appoint a guardian or leave money for pet care in the event that our four-footed friends last longer than we do. It appears that I am not alone. A report from the BMO Retirement Institute says that 75% of... »

Fired 55-year old man gets $346,000 after three years

Fired 55-year old man gets $346,000 after three years

A recent Ontario Superior Court case confirms once again that there is no specific “rule of thumb” that wrongfully dismissed employees should receive about one month of salary for each year of service. An Ontario man working in the trucking, freight forwarding and logistics industry who was fired after three years on the job as Country Manager of CEVA Freight Canada Corp was awarded 14 months of p... »

Media scan: Week of January 19th

Media scan: Week of January 19th

This week I wrote Tax breaks for seniors and Why locking in doesn’t make sense on retirementredux.com. My “Working it Out” column Give your RRSP contributions a raise was posted on Brighter Life. Here are some of the great articles and blogs I read, with a special section for analysis of the sudden and unexpected drop in the overnight target interest rate to .75%. On Money We Have, Barry Choi wrot... »

Fired older employee may have reduced duty to mitigate

Fired older employee may have reduced duty to mitigate

Employees who are fired and are seeking damages for wrongful dismissal must mitigate their damages by answering job ads, handing out resumes and networking. However, a recent decision of the Supreme Court of British Columbia suggests there may be a lesser onus on older workers to seek alternative work. Edwin Dodge was 59 years old and had been employed by Signature Mazda in Richmond B.C. for just ... »

Fired long-term employee gets $65,000 bridge to unreduced pension

Fired long-term employee gets $65,000 bridge to unreduced pension

The Ontario Superior Court of Justice recently awarded a 53 year-old employee fired after 31 years of service damages for wrongful dismissal plus $65,000 because he was less than 17 months away from an unreduced pension at the time of his termination. He also got $30,000 to replace the retiring allowance he lost. Matthew Arnone was employed by Best Theatronics Limited, a manufacturer of nuclear me... »

Plans to retire may limit award for wrongful dismissal

Plans to retire may limit award for wrongful dismissal

  A series of recent court cases have confirmed that with the elimination of mandatory retirement, even people aged 65 or older may be entitled to significant damages for wrongful dismissal if they are fired. However, the decision of the Ontario Superior Court of Justice in Kimball v. Windsor Raceway illustrates that where an employee has indicated his intention to retire by a certain date an... »

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