KeatsConnelly Cross-Border Weekly Best of the Web 2013-6-7

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we offer an eclectic mix of articles reviewing immigration issues, long-term care, a discussion about Canada Revenue Agency and a look at financial regrets of millionaires.

I Need A Green Card, Or Do I? (www.mondaq.com) – When an athlete signs with a US team, one of the most common questions I hear is: “How do I get a green card?” In most cases, the athlete does not know why he wants it, or is unaware of the obligations that come with holding a green card. Let us take a closer look…

Am I on the hook for my spouse’s long-term care? (www.financialpost.com) – Jennifer asks: If a spouse, due to health reasons, needs to move to a “care facility,” will the government consider my income as well as his when determining the cost? Jason Heath responds: Jennifer asks a question that has to be on a lot of seniors’ minds these days. The current state of government support for those requiring long-term care ranges from good to bad depending upon whom you ask. Health care is regulated at the provincial level in Canada, so every province has different rules and regulations. The federal government plays a role by distributing funds to the provinces based in part upon the actual health cost experience of each…

Participation in tax shelters no reason for CRA to delay return (www.financialpost.com) – If you’re still waiting for your refund from filing your 2012 tax return, you may be wondering how long the tax man actually has to assess and issue that refund. A recent federal court decision takes the Canada Revenue Agency to task for unduly delaying a taxpayer’s assessment and corresponding refund for participating in a donation tax shelter. Last fall, to deter Canadians from participating in donation tax shelters for the 2012 year, the CRA announced that it will put on hold the assessment of any tax return in which the individual is claiming a donation credit by participating in a gifting tax shelter scheme…

Millionaires’ Financial Regrets, According To DeVere Group (www.fa-mag.com) – The top financial regret of a majority of high-net-worth individuals is not having a financial plan earlier in life, according to the deVere Group. When asked what their first financial regret is, 57 percent of 659 deVere Group clients responded that it was not having set up a reviewable financial plan sooner. The clients who were queried by deVere had at least $1 million in investable assets. DeVere is an international financial consulting and investment group…

Come back next week for more interesting news and articles. Enjoy your weekend!

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