Bare trusts – we have to do what now?

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On February 4, 2022, exactly 1,438 days after the original draft legislation was introduced in the 2018 Federal Budget, the Department of Finance (Finance) released revised draft legislation[1] for beneficial ownership reporting for trusts. This revised draft legislation contained two significant changes: Effective date was changed to taxation years that end after December 30, 2022; and Bare trusts[2] and arrangements are now specifically included Given that the original draft legislation….

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Trusts

“I am woman, hear me roar…

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…In numbers too big to ignore And I know too much to go back an’ pretend ‘Cause I’ve heard it all before” -Helen Reddy 1971 As the ‘regular’ Monday blogger, I am very pleased to have an opportunity to connect with you today. Tomorrow is International Women’s Day- a day to recognize all of the wonderful women in (y)our lives; starting with our mothers and mother in laws, our sisters,….

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Caregiving

How’s it going … with the new probate forms?

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It has been two months since the new process and forms for obtaining a Certificate of Appointment (probate grant) came into effect at the beginning of the year under Ontario Regulation 709/21.  As my colleague, Sandra Arsenault, wrote in her blog “The new amendments, which come into effect as of January 1, 2022, drastically alter the probate procedure by eliminating 43 existing forms, introducing 8 new consolidated forms and amending….

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Estate Administration, Estate Planning, Executors, Wills

Multiple wills – potential benefits for clients with assets in multiple jurisdictions

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This blog was written by Pius Omene, Estate and Trust Advisor at MD Private Trust Company which is part of Scotia Wealth Management The multiple wills strategy is a popular approach recommended by estate planning experts –especially in Ontario and British Columbia where it received judicial approval – and particularly for those who own private company shares. The strategy has been extensively explored in previous blog posts and one of these posts alluded….

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Uncategorized

Is It A Forgery?

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Many of us in the estates and trusts world have encountered a situation where a client or party has alleged that a signature or handwritten note is forged. The evidence of a forensic document examiner, or handwriting expert, is sometimes led to assist a party in establishing that the signature or handwriting is a forgery. In Chishti v. Northside Pharmacy Ltd. et al, 2021 NBQB 35 (CanLII) (“Chishti”), the court….

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Credibility, Estate Litigation

(Financial) Cost of Providing (Unpaid) Care

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After enjoying Family Day and acknowledging the importance of family, I wanted to share with you some of the latest statistics on the “Value of Family Caregiving in Canada” published February 2022.  Recognition goes to the University of Alberta Research on Aging, Policies and Practice (RAPP) and is based on analyses of Statistics Canada’s 2018 General Social Survey on Caregiving and Care Receiving. We know that 1 in 4 Canadians….

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Elder Care
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