It is a tough time no matter what the circumstances when an elderly relative, perhaps a parent, is no longer able to live independently in their own home.

One option may be for your parent to move into your family home. If parents, kids and grandparents can all live together, then there are a number of financial, tax and estate issues to consider. To find out more, Click Here.

The article makes a few valid observations regarding the financial consequences of having parents stay at home. However, it does not touch on the difficulties of getting a parent into the Provincial Assisted Living Program, nor does it cover the costs of the program and the way that the costs destroy investment income, monthly cash flow and future inheritences. To find out more, click here.