The Life of Pipeline Transactions: The Beat Goes On

In the past few years, many associated with this blog have written about the benefit of post-mortem pipeline transactions to avoid double tax on disposition of certain assets. Again, and briefly, a pipeline transaction is a form of transaction whereby the assets of a corporation are distributed to shareholders utilizing the high adjusted cost base resulting from the capital gains realized on death, rather than as a distribution in the….

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Canada Revenue Agency, Estate Planning, Investments, Property, Real Estate, Small Business, Tax Issues, Trusts

Happy Birthday: Our Updated Federal Dementia Strategy

A few weeks ago  there was an announcement  that the Federal health minister earmarked $50 million over 5 years to support our new dementia strategy.  You may recall that the National Strategy for Alzheimer’s Disease and Other Dementias Act was passed in June 2017, which at that time, was a great birthday present for our 150th birthday. Following several consultations, 5 principles were established to guide the process. Prioritize quality….

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Elder Care, In the News, Uncategorized

Ontario’s Non-Resident Speculation Tax – A Cautionary (Trust) Tale

This post reviews the Ontario “Non-Resident Speculation Tax” (“NRST”), and draws attention to an important possible effect to be aware of on land conveyances involving trusts in the province.  This post is a refresher and update to Corina Weigl’s post in June, 2017, which was posted shortly after the proposal for the tax was released as part of Ontario’s Fair Housing Plan[1] in April, 2017. THE NON-RESIDENT SPECULATION TAX (“NRST”):….

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Real Estate, Trusts

The Senate Speaks Charity

It’s hard to underestimate the importance of the Special Senate Committee on the Charitable Sector report to that was released on June 20th.  After almost 18 months of hearings and consideration, this once-in-a-generation study came up with 42 recommendation on topics ranging from volunteerism, social enterprise, regulatory system, and judicial review process.  There are five recommendations that deal with giving and tax incentives. Review Tax Measures Recommendation 9 makes a….

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Charitable Giving, Philanthropy/Charitable Giving, Uncategorized

Digital Will Vault

NoticeConnect, which is a one stop shop for estates to advertise for creditors and provide solutions for those seeking to collect from estates has recently added a new element – an online Canada Will Registry. The Canada Will Registry went live in early June 2019. On the “Digital Will Vault”, as its termed on NoticeConnect’s website, individuals can register one or multiple wills at once and receive an alert when….

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Wills

Testamentary Autonomy is a Constitutional Right? A finding that may impact Ontario dependants’ support rules

Today’s blog is being brought to you by our guest blogger, Anna Chen Last week, Gillian Fournie wrote a blog about the recent Nova Scotia Supreme Court decision in Lawen Estate v. Nova Scotia (Attorney General), 2019 NSSC 162.  The court held in that case that certain dependants’ relief provisions in the Nova Scotia Testators’ Family Maintenance Act, R.S.N.S. 1989, c. 465 (the “TFMA”), violate s. 7 of the Constitution….

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