Have you heard of a ‘hospitalist’? If not, next time you are in the hospital or advocating for a loved one in the hospital, this may be the doctor who you see…..
A few doctors you may want to get to know Continue Reading »
Disability, Elder CareThe Divisional Court recently released its decision in Dagg v. Cameron Estate (the trial decision was previously discussed on this blog here). In brief, the appellant Anastasia Cameron married the deceased, Stephen Cameron, in 2003. They had two children. Stephen took out a life insurance policy in 2010 and named Anastasia as the beneficiary. The couple separated in 2012. Stephen began a relationship with the respondent Evangeline Dagg. Divorce proceedings….
Divisional Court agrees life insurance policy part of estate Continue Reading »
Dependant Support, Estate Litigation, Succession PlanningWhen an individual taxpayer transfers or loans directly or indirectly property to a corporation, certain provisions of the Income tax Act (“the Act’) may deem the transferor to have received annual interest income on the property at the prescribed rate as set out in the Regulations of the Act. The deemed income will fluctuate with the prescribed rate and the rate is not locked in at the time of transfer…..
ESTATE FREEZES AND CORPORATE ATTRIBUTION RULES: A QUICK REFRESHER Continue Reading »
Business Succession Planning, Canada Revenue Agency, Estate Administration, Estate Planning, Interest, Investments, Loans, Property, Real Estate, Small Business, Succession Planning, Tax Issues, TrusteeThe tax treatment in Canada of testamentary charitable remainder trusts (CRT) has long been an exercise of metaphysical complexity. Although a charity may receive property from a trust established by will, tax receipts are rare. What looks like a gift isn’t for tax purposes. The new “estate donation” rules in sub-section 118.1(5) that became effective in 2016 have quietly changed this reality, but it may take a while for CRA….
Rethinking Testamentary Charitable Remainder Trusts Continue Reading »
Estate Planning, Philanthropy/Charitable GivingLike many countries rules for being a citizen, an individual is a US citizen either because they were born in the United States or because they have become a citizen through the process of naturalization. Either way, once a US citizen you are entitled to the rights, privileges and benefits of being a US citizen. One of those privileges is the right to acquire a US passport. ….
UNCLE SAM’S REACH CONTINUES – THIS TIME POTENTIALLY TO YOUR ABILITY TO TRAVEL Continue Reading »
U.S. Citizen, United StatesWere you visiting family over the long weekend? Were you away for Spring break? Are your parents in one city and you live in another? Long distance caregiving has its challenges!….
Long distance caregiving challenges Continue Reading »
Elder Care, Family Conflict, Geriatric Care Management, In the News