August 2018

Profit Pastor Has His “Bill Clinton” Moment

On August 17, 2018, Justice Fred Myers released his reasons for dismissing a pastor’s request to extend a July 2018 publication ban and order sealing the court file in respect of a paternity lawsuit brought by the pastor against a former congregant and lover who claimed he had fathered her child. Martin Kofi Danso, a Toronto pastor and self-styled “prophet”, is the founder of Miracle Arena for All Nations, a….

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Uncategorized

You are as old as you feel, or are you?

Over the last few months I have attended two 90th birthday parties. Both had a common theme for me, which was how good it is to have family and friends around. Both of these 90 year old gentleman are still sharp, engaging and while less active than they once were, they maintained the same sparkle in their eyes that I had known for some time. They both said that while….

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Elder Care

Charities and Political Activities

  A battle has been waging in Canada since 2012 over “political activities” by registered charities. The previous Federal Government initiated an audit by Canada Revenue Agency (CRA) of 60 registered charities, which was discontinued in 2017 by the current government. On July 16, 2018, the Ontario Superior Court of Justice struck down the limitations as unjustifiable restriction of a charity’s freedom of expression. On August 15, the Government of….

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Estate Donations, Philanthropy/Charitable Giving

Update: Ford Government Rolls Back Changes to ODSP General Regulation

In my last blog I described some important changes to the Ontario Disability Support Program (“ODSP”). Specifically, I looked at certain provisions of Ontario Regulation 278/18 (“Amending Regulation”), which amended Ontario Regulation 222/98, the General ODSP Regulation (“ODSP Regulation”), to: eliminate the $10,000 limit on voluntary payments to ODSP recipients in any 12-month period, which include payments from a trust, payments from a life insurance policy, and gifts; and designate….

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Uncategorized

PENSION PLAN LUMP SUM PAYOUTS

This fact scenario is based on a situation presented to me recently and I appreciated the opportunity to being “re-educated” on the tax treatment of pension plan lump sum payments. A taxpayer’s spouse retires as a teacher and elects to start receiving her guaranteed pension. A couple of year later, the spouse passes away from cancer and the taxpayer being the beneficiary of his spouse’s pension plan elects to receive….

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Canada Revenue Agency, Estate Administration, In the News, Tax Issues, Uncategorized, Wills
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