Fasken

Total 121 Posts

 Website

As a premier law firm with over 950 lawyers worldwide, Fasken is where excellence meets expertise. We are dedicated to shaping the future our clients want, precisely when it matters most. For more information, visit fasken.com.

No good deed goes unpunished by the CRA

• • 0 Comments

Part I – Personal Attribution This blog has been written by Pritika Deepak /Associate at Fasken LLP Gifting property or making loans to family members is a common way for individuals to transfer and share their wealth with their loved ones. There are, however, several rules in the Income Tax Act (Canada)[1] (the “Act”), commonly referred to as the attribution rules, which prevent or restrict an individual from “income splitting”…..

No good deed goes unpunished by the CRA Continue Reading »

Canada Revenue Agency, Estate Planning, Real Estate, Tax Issues, Uncategorized

Joint tenancy: a cost-effective or costly measure to save on probate fees?

• • 1 Comment

This blog has been written by Mohena Singh, Associate at Fasken LLP As an estate planner, one of the most common questions I am asked is, “How do I transfer my house or cottage to my family without paying estate administration tax?” A common way we have seen individuals attempt to accomplish their goal of transferring real property without paying estate administration tax (also known as “probate fees”) is by….

Joint tenancy: a cost-effective or costly measure to save on probate fees? Continue Reading »

Estate Administration, Estate Planning, Joint Tenancy, Probate Tax, Real Estate, Wills

The Price is…Dependant Relief?

• • 2 Comments

Today’s blog is written by Jessica J. Butler, Law Clerk at Fasken LLP TV legend Bob Barker passed away on August 26, 2023 at the age of 99 – just 4 months shy of his 100th birthday.  Bob was probably most well known for being the legendary host of the long-running game show The Price is Right (and, like me, you may also have the image of Bob’s right hook….

The Price is…Dependant Relief? Continue Reading »

Charitable Giving, Dependant Support, Estate Administration, Estate Planning

Charitable Bequests in Wills

• • 8 Comments

This blog was written by Courtney Lanthier, Law Clerk at Fasken LLP.   We often hear in the news of beloved celebrities passing away after years of lucrative careers. It’s also common to speculate as to how their estate will be distributed. Many celebrities have either left, or plan to leave, the majority of their estate to various charities. Bob Barker, who passed away last month, has left his estate….

Charitable Bequests in Wills Continue Reading »

Charitable Giving, Estate Donations, Estate Planning, In the News, Philanthropy/Charitable Giving, Wills

A Goodbye without Good Planning

• • 5 Comments

This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP Never again, your voice will we hear, When we pick up the phone, and your number we dial. Never again, will we kiss your soft cheek, Listen to your chuckle, or share a knowing smile. Your grandkids won’t feel your warm loving hugs, Or run through your beautiful garden full of flowers and bugs. You enjoyed a….

A Goodbye without Good Planning Continue Reading »

Estate Administration, Estate Planning, Wills

Breaking Up is Hard to Do – Ceasing to be a Canadian Tax Resident may be Easier Said than Done

• • 0 Comments

This blog has been written by Rahul Sharma, Partner, Fasken Martineau DuMoulin LLP, Toronto My blog posts so far this year have focused on the significant volume of new residents to Canada and the associated tax and legal considerations, particularly where new residents are entering the Canadian tax system with assets and investments in their countries of origin or other global jurisdictions.  In this blog post, I flip the discussion….

Breaking Up is Hard to Do – Ceasing to be a Canadian Tax Resident may be Easier Said than Done Continue Reading »

Canada Revenue Agency, Canadian and US Tax Treaty, Estate Planning, Tax Issues, Uncategorized
Scroll to Top