March 2022

Taxation on Cryptocurrency

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This Blog was written by: Dave Madan, Market Lead and Manager, Scotiatrust  We’re well into tax season, but for this year, your review of your taxable transactions may be very different. You might have explored investing or trading cryptocurrency. Buying and selling some Dogecoin after Elon’s tweets does carry income tax implications. Everyone exploring this new age of investment should understand the implications, as well as their advisors looking to….

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Supporting Caregivers- Every Day

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As we finally say goodbye to March and hopefully our  cold, snowy Canadian weather, I am looking forward to warmer days and resuming our new normal, whatever that might look like.  With April around the corner, our new month starts with National Family Caregiver Day, which is recognized on the  first Tuesday of every April.  Caregiver burnout is a frequent and favorite topic of mine  and a health concern I….

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Caregiving

Has a Contingent Beneficiary Asked for an Accounting?

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An estate trustee does not have an obligation to provide a contingent beneficiary with an accounting; nonetheless, some form of accounting is generally done at the request of a contingent beneficiary. If accounts are not provided, a contingent beneficiary may bring an application to compel an estate trustee to pass their accounts. This will be costly and may be what the contingent beneficiary is trying to avoid in requesting a….

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Estate Administration, Estate Litigation, Estate Planning, Executors, Passing Of Trustees’ and Executors’ Accounts, Wills

ESTATE PLANS INVOLVING DISABLED ADULT CHILDREN

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This blog was written by Karen Crellin, Estate and Trust Advisor at MD Private Trust Company which is part of Scotia Wealth Management There’s plenty of valuable information available on estate plans involving disabled[1] adult children –including several posts on this blog. You can find information that provides details about: techniques for setting up an estate plan involving a disabled adult child to ensure that child’s provincial disability benefits or other income-tested….

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Taking the Extra Steps

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Verifying the capacity of a testator prior to him or her executing a will is essential, and the test for testamentary capacity is well known to drafting solicitors and estate litigators. In particular, Banks v. Goodfellow provides that a person executing a will: (1) shall understand the nature of the act and its effects; (2) shall understand the extent of the property of which he is disposing; (3) shall be….

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Contested wills, Estate Litigation, Testamentary Capacity, Wills

Aging At Home and In Your Own Community: NORCS

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These last few years have made many of us reconsider where and how we want to live in our older years. We have questions/concerns about where we will live, when we are no longer able to remain in our homes and this seems to be a topic discussed regularly.  Most times the conversation is triggered following the death of a spouse or an admission into hospital with the realization that….

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Caregiving, Elder Care
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