Honour thy mother and thy father- a familiar refrain that we learnt as part of the Ten Commandments. Growing up in the 60’s and 70’s, this really was not something we had a choice in- it was expected. Many boomer caregivers today feel this continued expectation when it comes to providing care to an aged parent or other relative. I am not so sure this is felt or experienced the….
Thou Shall or Thou Mayest- You Choose Continue Reading »
Caregiving
Today’s blog is being brought to you by guest blogger, Jennifer Campbell, a law clerk in the Private Client Services group of Fasken LLP. Disney child star Cameron Boyce, who is best known for his role in movies such as “Grown Ups” and “Grown Ups 2” as well as his role in the Disney Channel movie, “Descendants” and the television show, “Jessie”, died suddenly and tragically on July 6, 2019…..
I’m Only 20, Why do I need a Will Continue Reading »
Estate Planning, Family Conflict, WillsIn 15th and 16th century Europe donor recognition was negotiable. The biggest donors gave to the church, but the best way to be recognized in a durable way was to underwrite religious art. Albrecht Dürer’s circa 1500 triptych, the Paumgartner Altarpiece, is one of the most arresting examples of the complex dynamic that did, and still does, shape the process of showing gratitude to donors. Donors as Servants The main….
Donor Recognition: Servants, Saints and Super Heroes Continue Reading »
Charitable Giving, Estate Planning, Philanthropy/Charitable Giving
Can you be a tenant and an equitable owner of a property? Absolutely! Read how you can have it all in Warraich v Choudhry et al, 2019 ONSC 2656. In March 2012, Choudhry purchased a property for $519,000.00. In April 2012, Warraich, one of Choudhry’s friends, moved into the property with his family. As sometimes happens, the friendship broke down. When he was asked to move out, Warraich commenced an….
Tenancy and Equitable Ownership – You Can Have it All! Continue Reading »
Joint Tenancy, Property, Real Estate, Resulting Trust, Small Business, TrustsWhile it has been over 18 months since its implementation, we are still learning more about the application of the tax on split income (TOSI) rules. The Canada Revenue Agency (CRA) provided guidance where shares of a private company are passed on to the children of the deceased. The CRA was asked to comment on how the TOSI rules would apply when the deceased, Mrs. A, the co-owner of a….
Inherited assets and TOSI Continue Reading »
Canada Revenue Agency, Estate Planning, Tax Issues
It is hot out there. We have had heat advisories and I hope we have been paying attention. I called my elderly client to see how she was doing and she told me she was not feeling well. I spoke with her caregiver and asked if her AC was working. The caregiver said it had not been turned on and they were only using a fan. Yikes! It was 39….
