Part II: Taxation of Trusts in Canada – The Flow-Through Nature of Trusts

• • 1 Comment

This blog has been written by Pritika Deepak, Associate at Fasken LLP. As we leave another year behind, it’s a fitting time to reflect on what tax and trust practitioners may often perceive as a period that often raises questions about the distribution of income from trusts to beneficiaries. To better understand this, it’s helpful to review the role trusts play as conduits or flow-through entities. Part I of this….

Part II: Taxation of Trusts in Canada – The Flow-Through Nature of Trusts Continue Reading »

Trusts

Flexible Philanthropy

• • 0 Comments

[caption id="attachment_21903" align="aligncenter" width="518"] Becky Matsubara, Wikipedia[/caption] We are living in an age of personal philanthropy defined by larger donations and more donor choice.  Increased flexibility is the key feature of this age – especially through charitable structures like private foundations and donor advised funds. Historically, charitable donations and structures been defined by restrictions and controls.  Here is what changed and some implications for estate planning. History Charity law, at….

Flexible Philanthropy Continue Reading »

Uncategorized

Saying It Doesn’t Make It So: Determining the Nature an Application

• • 0 Comments

A notice of application marks the beginning of estate litigation proceedings. The notice of application provides an overview and outlines the precise relief sought, the grounds to be argued (including any statutory provisions or rules to be relied on) and the evidence to be relied on at the hearing of the application. As the grounds and relief sought in an application are often captured by numerous statutory authorities, a notice….

Saying It Doesn’t Make It So: Determining the Nature an Application Continue Reading »

Uncategorized

Love, Marriage and U.S. Tax…

• • 0 Comments

Love knows no boundaries and neither do the U.S. tax rules. Marrying a U.S. citizen will result in U.S. tax implications for the couple that should not be ignored. This article will review a few U.S. tax considerations for married couples (that include a U.S. citizen). Proper Tax Filing Contrary to Canada, the U.S. tax filing requires an individual taxpayer to file their tax return as “single” or “married filing….

Love, Marriage and U.S. Tax… Continue Reading »

Succession Planning, Tax Issues, U.S. Citizen, US Taxes

Gifting personal effects: a useful (and heartwarming) planning strategy

• • 2 Comments

Lately, I’ve found myself having in-depth conversations with some of my older clients about what will happen to their personal effects after they pass away. Many of these clients express the same concerns: they don’t want their beneficiaries to fight over their belongings after their death, they don’t want to burden their families with difficult decisions about what to do with these possessions, they are concerned that their families won’t….

Gifting personal effects: a useful (and heartwarming) planning strategy Continue Reading »

Estate Planning, Family Conflict, Wills

Why Estate Administration Now Feels Like a Never-Ending Series

• • 1 Comment
Scotiatrust

This blog post was written by: Dave Madan, Senior Manager, Scotiatrust If you have ever watched a true crime documentary or investigative series, you know the familiar structure. A death sets the story in motion. A Will appears. Family members gather, each with their own questions, assumptions, and expectations. By the end of the episode, the mystery is resolved and the estate seems to fall neatly into place before the….

Why Estate Administration Now Feels Like a Never-Ending Series Continue Reading »

Estate Administration, Estate Administration and Probate Applications
Scroll to Top