Legal fees
Legal fees to settle an estate are generally not deductible for tax purposes. When do legal fees become tax deductible, if ever?….
November 2010
Joint Tenancy Tax Issues
Last week my colleague, Laura West, spoke about some of the non-tax pitfalls that can arise when transferring property into joint tenancy with a family member. This week I’m here to follow-up with a discussion of the tax implications that should be considered before changing ownership of property to joint tenancy…..
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Canada Revenue Agency, Estate Planning, Joint Tenancy, Probate TaxCoping with the family in family business succession planning
“More than 50%” is the oft quoted statistic for the percentage of Canadians who do not have a valid Will. According the BDO Dunwoody/Compass Report on Canadian Family Business, a staggering 78% of business owners do not have a succession strategy for their business in place. The same report showed 92% of business owners acknowledging that it was important for them to have a plan. While the primary reason for….
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Estate PlanningLegal Advocacy for Canada’s Aging Population
Twenty years from now seniors are expected to account for 25% of Canada’s total population. How will the legal community meet the needs of Canada’s aging population?….
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Elder Care, Elder Law, Estate Planning