January 2020

Death of a Non-Resident

• • 1 Comment

Today’s blog was written by guest blogger, Kathryn Walker, Associate at Fasken LLP. If you are considering retirement and old age in a warmer climate, keep in mind that in escaping the cold you will not necessarily escape Canadian taxes on death since Canadian non-residents remain subject to Canadian income tax on death in respect of certain types of property. When a non-resident dies, for Canadian income tax purposes, there….

Death of a Non-Resident Continue Reading »

Canada Revenue Agency, Tax Issues

Charitable Remainder Trusts in Canada

• • 3 Comments

The Charitable Remainder Trust (CRT) is a gift planning structure that rarely works in Canada.  An import from the U.S. – where it is an integral part of the gift and estate tax regime – the CRT in Canada has fewer tax and planning benefits.  It’s a foreign plant that doesn’t thrive in the Canadian soil. CRTs in the U.S. Introduced in 1969, U.S. CRTs are a defined structure in….

Charitable Remainder Trusts in Canada Continue Reading »

Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Trusts

A note on Crypto Currency

• • 0 Comments

Wikipedia defines cryptocurrency (or crypto currency) as a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a….

A note on Crypto Currency Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Estate Planning, In the News, Investments, Trusts, Uncategorized, Wills

Initial Issues Encountered When Dealing With a Possible Insolvent Estate

• • 0 Comments

Today’s blog is written by guest bloggers, Krista Brown and Tracy Parkinson, law clerks in the Private Client Services group of Fasken LLP. As estate law professionals, when we hear the words “possibly insolvent estate” most of us immediately see a giant STOP sign. A named estate trustee in a Will, or prospective estate trustee where the deceased died intestate (in either case, hereinafter referred to as a “prospective estate….

Initial Issues Encountered When Dealing With a Possible Insolvent Estate Continue Reading »

Uncategorized

Why Plan For One When You Can Plan For Generations?

• • 11 Comments

This blog was written by Alex Fournier The Trust industry has shifted its focus towards servicing the biggest market segment yet to be seen – the Baby Boomers. With the biggest intergenerational wealth transfer coming, it is the most logical course of action to undertake. In Canada alone, reports speculate that a staggering $1.1 trillion worth of assets will be passed on to numerous generations over the next decade. Although Millennials….

Why Plan For One When You Can Plan For Generations? Continue Reading »

Estate Planning, Power of Attorney, Trusts
Scroll to Top