August 2020

The Charity Capacity Gap

• • 1 Comment

Canada’s 85,896 registered charities have wide-ranging capacity, but these variations are often underappreciated.  Estate donors – and their professional advisors – often focus on cause and tax status, but ignore organizational health indicators like history, funding, staffing, and governance.  What should estate donors look for in a charity? Although all registered charities can issue donation tax receipts, not all charities can handle significant estate donations or receive more complex assets. ….

The Charity Capacity Gap Continue Reading »

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

Trustees Ordered to Pay Costs Personally

• • 0 Comments

In a recent court decision, the court declined to order costs payable from a modest estate and instead ordered the two parties (both trustees) to pay costs personally. A testamentary trustee, Mr. Cardinal, brought an application to compel estate trustee, Mrs. Perreault, to pass her accounts in her capacity as an estate trustee and power of attorney for the late Mr. Beaulieu.  However, while Mrs. Perreault consented to bring her….

Trustees Ordered to Pay Costs Personally Continue Reading »

Passing Of Trustees’ and Executors’ Accounts

SOME TAX TIPS IN THE COVID ERA

• • 0 Comments

Our epidemiologists and public heath officers are warning us gently that the dreaded virus will be with us for awhile. Nevertheless, we are all hoping that our economy will recover soon (and to some extent our financial markets have), but it appears asset values in general may be depressed for some time to come. In this context, there may some some opportunities to free up some cash flow and/or reduce….

SOME TAX TIPS IN THE COVID ERA Continue Reading »

Business Succession Planning, Canada Revenue Agency, Estate Planning, In the News, Investments, Property, Real Estate, Small Business, Tax Issues, Uncategorized

Enjoying Nature From An Armchair

• • 1 Comment

Last week Ziggy and I resumed our visits with a couple of my clients who live in their own homes. As we all know Covid had restricted these visits and it was a welcome change after several months. Ziggy as you may recall is an ambassador dog with CNIB and when not on official duty he joins me in visiting my clients.  We call Ziggy the ‘smile maker’ because he….

Enjoying Nature From An Armchair Continue Reading »

Elder Care

The Impact of Medical Assistance in Dying on Life Insurance and Some Other Mentionables

• • 1 Comment

A question that I have heard asked a few times recently is: How would Medical Assistance in Dying (“MAID”) affect my life insurance policy?  It’s an interesting question and certainly something that should be considered in the context of estate planning where the proceeds of a life insurance policy play a significant role in the estate plan and the client has a medical condition where MAID may become a possibility…..

The Impact of Medical Assistance in Dying on Life Insurance and Some Other Mentionables Continue Reading »

Uncategorized

Gift Ideas for the Freshman in the Family

• • 1 Comment

This Blog was written by: Alicia Godin, Estate and Trust Consultant, Scotia Wealth Management As we approach mid-August, many students (and parents) have turned their minds to the new school year. Although this year post-secondary education may look slightly different for many students with the switch to online learning, it is nevertheless a milestone worth celebrating. This author has taken the liberty of compiling some gift ideas for young adults….

Gift Ideas for the Freshman in the Family Continue Reading »

Power of Attorney, Property, Uncategorized, Wills
Scroll to Top