April 2018

The Tax on Split Income: Round Three

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On March 22, 2018 the Minister of Finance released the budget implementation bill for the 2018 federal budget (“Budget Bill”), which was tabled on February 27, 2018. The Budget Bill contains some helpful amendments to the second iteration of the tax on split income (“TOSI”) rules that were released on December 13, 2017. The explanatory notes for the Budget Bill were released separately on April 5, 2018. The changes fall….

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Frida Kahlo’s Barbie – Life in Plastic, Not so Fantastic

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This Blog was written by: Peter Meitanis Here’s a question you never thought you would read in an estates blog: Where’s the unibrow? Last month, Mattel, the maker of Barbie introduced a group of new dolls based on real-life figures to celebrate International Women’s Day. The collection features inspiring women past and present, including Frida Kahlo, the Mexican artist famous for her self-portraits and works inspired by the nature and….

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Estate Administration, Uncategorized

Will Challengers Beware!

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In Seguin v. Pearson, 2018 ONCA 355, the Court of Appeal for Ontario dismissed the appeal of Carol-Anne Seguin from the lower court’s dismissal of her action to invalidate the two most recent wills of her late father, Robert Geddes Paterson (the “deceased”), despite the trial judge’s error in applying the test for undue influence.  Facts: Ms. Seguin and her sisters were the children of the deceased, who died in….

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Estate Litigation, Undue influence

Clawback of Old Age Security

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The Canada Revenue Agency (CRA) was reminded by a taxpayer recipient of the Old Age Security pension (OAS) about a perceived lack of fairness when required to include the dividends received at a grossed-up amount when calculating net income rather than only including the actual amount of dividends received. The taxpayer felt this was unfair because their net income was used to calculate the reduction his or her OAS. In….

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Canada Revenue Agency, Tax Issues

Helping Caregivers Get Ready for Tax Time

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While we are almost down to the wire and for those who have yet to file their taxes, this blog will highlight the new Canada Caregiver tax credit.  This credit replaces the Infirm Dependent, Caregiver and Family Tax credits.  It was designed to assist families with caregiving responsibilities to  provide better support to those who need it the most, and applies to caregivers whether or not they live with their….

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Caregiving, Tax Issues

Resilience in the Face of Adversity

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I sat down to write this blog thinking I would write about a pithy planning idea that all readers would find fascinating.  Instead, the events of the past few days have compelled me to write about something quite different.  That is, the resilience of humans in the face of tragedy.  Many will be familiar with the events of the past few days, namely, the horrific crash of a transport truck….

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