Holidays and Family Traditions

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This past week we celebrated Passover and Easter.  Major holidays recognized with a statutory holiday attached, at least for the latter.  I wonder however about the observance of these holidays and whether this has waned over the years. For me and perhaps for many of you, these holy days have a traditional familial connection rather than a religious one.  The foods eaten, or  perhaps the foods not eaten, while symbolic….

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Family Conflict

Tontine – an ‘old’ annuity idea re-visited

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As people live longer their cash requirements can increase exponentially. My Blog colleague, Audrey Miller, recently told me that, in Ontario, publically funded Nursing home expenses for a private room start at $30,000 per year and private retirement residences are much more expensive. There are other potential cash requirements such as the expense of personal care assistants. In addition to being faced with increasing costs of living, the problem is compounded by the fact that a….

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In the News, Insurance, Investments, Uncategorized

Estate Trustee Awarded Costs for Unnecessary Passing of Accounts

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In a recent court decision, Pochopsky Estate, the court found the Deceased’s four children (the “Beneficiaries”) jointly and severally liable for the estate trustee’s costs related to an application compelling him to pass his accounts.  The Beneficiaries had obtained an order compelling the estate trustee to account. The court ultimately found that the application was unnecessary and awarded the estate trustee his costs payable by the Beneficiaries. In his will,….

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Costs, Passing Of Trustees’ and Executors’ Accounts

QUALIFIED DISABILITY TRUST (“QDT”): HOW TO FILE A JOINT ELECTION?

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Recently, the Canada Revenue Agency (“CRA”) issued a “how to file” the joint election for a trust to be a QDT: http://www.cra-arc.gc.ca/E/pbg/tf/t3qdt/README.html From 2016 forward, this form is to be used if one or more beneficiaries are jointly electing that the trust be designated to be QDT for the year. The form should be filed with the trust return (T3) for the year. The filing of a joint election designates….

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Capacity Law, Disability, Estate Administration, Guardianship, Tax Issues, Testamentary Capacity, Trustee, Trusts, Uncategorized

An Innovative Dementia-Friendly Community

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I recently attended a symposium presented by the Canadian Research Network for Care in the Community.  The topic was “Living Well With Dementia: Toward Dementia-Friendly Policy”.      Two European presenters including  Henk Nies, from Amsterdam and Eckart Schnabel from Berlin discussed their care standards for Persons Living With Dementia (PLWD). Dr. Schnabel highlighted the German care program that provides a care allowance determined by the individual’s level of need. Prof. Dr…..

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Uncategorized

Budget 2017 – Ecological Gifts Program

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On March 22, 2017 (“Budget Day”), the Federal Government tabled the second budget (“Budget 2017”). While Budget 2017 focuses on building and supporting a strong middle class and economic growth, there are no new tax incentives for the charity and not-for-profit sector. The most significant development to the charity and not-for-profit sector in Budget 2017 is a number of measures to protect the integrity of gifts of ecologically sensitive property….

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In the News, Tax Issues
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