Estate Trustees Can Breathe Easier This Year

Estate Trustees can breathe a little bit easier starting January 1, 2020. Recent changes announced that the Province of Ontario’s budget which is effective January 1, 2020 will have significant changes that will benefit the Estate Trustees.  Tax Elimination It is proposed that the Estate Administration Tax of 0.5% will be eliminated on the first $50,000 in the deceased person’s estate. This sounds good and amounts […]

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9 Financial Benefits of Re-Investing Your Tax Returns with an Eligible Funeral Arrangement

casket legacy matters kat downey

Do you receive a tax refund? If yes, you may be wondering how to best optimize your hard-earned money in a way that is both meaningful and financially sensible for you and your family. Why not have your money work hard for you by pre–paying your future funeral arrangements? The best way to do this is by […]

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It’s Part of the Love and Part of the Journey

preplan your funeral Mississauga funeral preplanning with Kat Downey of Legacy Matters

As we all know, death is an inevitable part of everyone’s journey.  Have you given any thought to how you would like your life to be celebrated?  Have you shared these thoughts with your loved ones?

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Reinvest Your Tax Return in an Eligible Funeral Arrangement

Did you receive a tax return after filing your income taxes? Wondering what to do with your tax refund to get the best bang for your buck?  You work hard for your money, so why not have your money work hard for you a second time? Investing in an Eligible Funeral Arrangement You can use […]

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Some Common Misconceptions About Funeral Planning

Kat Downey of Legacy Matters

In 1998, as a third career, I knew when I graduated as a Class 1 Funeral Director that I wanted to specialize in the prepaid funeral planning with private, family owned Ontario funeral homes.  Coming from a professional educator background, I knew that there was void to be filled in educating people and helping them […]

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8 Reasons Why You Need a Legal Will

why you need a legal will

Who needs a legal Will? Every adult of mental capacity over the age of 18 years! But, I Don’t Have Any Assets Many people say that they do not have any assets therefore they do not need a legal will.  This is not true.  You may have few assets, yet you still need someone to […]

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Life is Short – Be Grateful for the Moments

Last week I had the privilege of spending a week with my Mom in Curacao. What a beautiful place and the weather was absolutely fantastic. As Thanksgiving is approaching, I wanted to take the time to share my appreciation of this experience that I am very thankful to have shared with my mom.

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Can I Transfer my Prepaid Funeral Plan?

In a previous blog I wrote about Eligible Funeral Arrangements (EFA). The rules of an EFA mandate that the money set aside in a prepaid funeral plan is always the purchaser’s money. As such the assigned funeral home does not have access to these funds until the funeral is actually provided. The purchaser’s money is held by a third party that must insure these funds to $100,000.00. Further, these funds must earn tax exempt interest, which is paid into the prepaid funeral certificate. As your money is held in an escrow account, it is very easy to transfer the funds.

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Neurological Determination of Death for Organ Donation

I want to be an organ donor, but how are they sure I am really brain dead? While it might seem a strange question, it is a more common one than you would think. Especially in regards to wishing to be an organ donor. The answer to which is what is called a neurological determination of death, which I will go more into detail below.

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Tombstone to Monument: Part 4, Digital Marker/QR Codes

In this 4 part blog series I will talk about the four different types of markers: upright, flat, pillow and digital. This blog will focus on the digital marker.

According to Wikipedia, a QR code is the trademark for a type of matrix barcode first designed for the automotive industry in Japan. A barcode is a machine-readable optical label that contains information about the item to which it is attached.

QR Codes Share Your Life in a Single Graphic