Corina Weigl, Author at All About Estates

Government Targets Tax Planning for Private Companies

Corina Weigl • July 21, 2017 • 0 Comments

July 18, 2017 was a relatively quiet day in my office. That is until I received a flurry of emails regarding a release by the Department of Finance. In particular, the Department of Finance issued draft legislation which, if passed, will significantly change the nature of tax planning for Canadian private companies and their shareholders. The proposed changes will impact both current structures that many Canadian private companies have in….

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Ontario’s Non-Resident Speculation Tax

Corina Weigl • June 23, 2017 • 0 Comments

Recently the Government of Ontario followed the heels of the British Columbia Government by introducing a “non-resident speculation tax” (“NRST”). The NRST will apply to the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe (the “GGH”) by individuals who are not Canadian citizens or permanent residents or by foreign corporations or taxable trustees. The quantum of tax is equal to 15% and it….

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Canada Revenue Agency, Costs, Liability, Property, Real Estate, Tax Issues

Making Effective Distributions of Estate Taxable Income Tax

Corina Weigl • April 21, 2017 • 0 Comments

Dealing with the taxation of income earned by an estate can be complex. It has become even more complex since January 1, 2016. It was on this date that all estates, other than those that qualify as a “graduated rate estate” (GRE), were no longer able to benefit from graduated rates of taxation on their taxable income. Rather, to the extent an estate that is not a GRE earns and….

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Estate Planning, Tax Issues, Trusts, Wills

Estate Lawyers: Did our Invitation Get Lost in the Mail?!

Corina Weigl • March 24, 2017 • 2 Comments

Today’s blog was written by Jenna Ward, Articling Student, Fasken Martineau DuMoulin LLP. When clients plan engagement parties, weddings, baby showers or divorce parties (yes, divorce parties are becoming increasingly common) they may not think to invite their estate lawyer. Understandable. However, the unfortunate result may be that such life events impact estate planning in an undesirable way or even revoke estate plans completely. We recently encountered such a situation….

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Estate Planning, Family Conflict, Wills

Digital Estate Planning – Part 1: Digital Assets: to Preserve or Destroy

Corina Weigl • February 17, 2017 • 0 Comments

Today’s blog was written by Jenna Ward, Articling Student, Fasken Martineau DuMoulin. Last year, we wrote about the steps that owners of digital assets should take to preserve assets and ensure a smooth transition of such assets to executors and beneficiaries. Here are some more thoughts on the topic of digital assets. iTunes library, Kindle store purchases and other digital purchases: increasingly, iTunes libraries and Kindle book collections have replaced….

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Will Challenges and the Well – Acquainted Lawyer

Corina Weigl • January 20, 2017 • 2 Comments

Today’s blog was written by Jenna Ward, Articling Student, Fasken Martineau DuMoulin. A recent case of the Court of Appeal for Saskatchewan has emphasized the significance of first, the relationship between a testator and his or her lawyer and second, the experience and tenure of such lawyer in assessing testamentary capacity and by extension, in determining the validity of a will. Bachman v. Scheidt, 2016 SKCA 150 Bachman v. Scheidt….

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Contested wills, Credibility, Estate Planning, Family Conflict, Testamentary Capacity, Undue influence, Wills