What Happens when a Taxpayer Dies with a Registered Retirement Savings Plan?

Today’s blog was written by Pritika Deepak, Associate at Fasken LLP. Dealing with the tax implications arising upon an individual’s death is a central theme in estate planning. These tax implications may differ depending on the assets and properties that an individual owns at death, as well as the individual’s registered tax plans. This three part series will provide a high level overview of certain tax implications and considerations relating….

What Happens when a Taxpayer Dies with a Registered Retirement Savings Plan? Continue Reading »

Uncategorized

Resolutions, Time Capsules and that Country Twang

It’s a new year and that means resolutions to strive for. For example, coming up with a blog post on short notice when no one at Scotia wanted this blog date. Talk about seizing opportunities. During the pandemic, I got into country music. I admit it y’all. I grew an appreciation for the storytelling and the fun of some of the new school songs and artists. The idea for this….

Resolutions, Time Capsules and that Country Twang Continue Reading »

Uncategorized

As You’re ‘Checking Your List’, Don’t Forget Your Year End Tax Planning

As the holidays approach, so too does December 31st or the end of a calendar year.  This date can mean different things to different people.  For those in the business of estate and tax planning, the spectre of December 31st often leads to calls from clients who are looking to: complete a project they had on their “to do” list for the calendar year, start a project but have it….

As You’re ‘Checking Your List’, Don’t Forget Your Year End Tax Planning Continue Reading »

Estate Planning, Tax Issues, Trusts

Suspicious Circumstances – For Wills Only

Because the doctrine of suspicious circumstances was developed in respect of probate and wills, it cannot easily be exported into other areas of law, including contract law…..

Suspicious Circumstances – For Wills Only Continue Reading »

Capacity Law, Contested wills, Contracts, Estate Litigation, Estate Planning, Executors, Geriatric Care Management, Property, Real Estate, Testamentary Capacity, Trustee, Undue influence, Wills

Reversionary trusts – an interesting technicality

Co-author: Rock Lapalme, CPA, CA, TEP (Associate Director of Tax – Baker Tilly Canada) Most practitioners are aware that subsection 75(2) of the Income Tax Act (ITA) may apply to a trust and will attribute all income or loss from a trust’s property back to the person (transferor) from whom the property (or substituted property) was directly or indirectly received if the property may revert to the transferor[i]. In addition….

Reversionary trusts – an interesting technicality Continue Reading »

Tax Issues, Trusts

Happy Holidays- However You Celebrate (or don’t)…..

Like many families around the world, I lit the menorah for the first night of Chanukah. It is always a magical time to chant a familiar tune that has been passed from generation to generation.  It is a time to remember, not only the history of how the holiday came to be, or why it was called the miracle of lights, but to remember family. I embrace my family with….

Happy Holidays- However You Celebrate (or don’t)….. Continue Reading »

Caregiving, Elder Care
Scroll to Top