Granny dumping’, not so lovingly defined as elderly people being abandoned by relatives or others in emergency departments, is happening close to home. What a sad comment on our society today and ultimately, ourselves. I believe that how we treat our elders is an indication of how we as a society are faring. We are not doing well…..
Granny Dumping- continued…. Continue Reading »
Elder Care, In the NewsToday’s blog was written by Elaine Blades, TEP Last week I had the pleasure of attending/presenting at STEP Canada’s 18th National Conference. I was joined by over 700 trust and estate professionals from across Canada. STEP members come from a variety of professional backgrounds: law, accounting, insurance, trust industry and financial planning. The common denominator is expertise, work and ongoing education in the trusts and estates “profession”. The diversity of….
A Wealth of Information for Trust & Estate Professionals Continue Reading »
Estate PlanningSometime ago, a relative of a Canadian taxpayer died in the US and she left her money in a charitable trust, with some of the income bequeathed to the Canadian taxpayer annually. The trust income is derived mostly from US dividends. With a series of proposed adjustments to her personal tax returns, the taxpayer asked the Canada Revenue agency (“CRA”) why this income could not be treated as dividend income….
INCOME FROM A U.S. TRUST: CAN IT EVER BE TREATED AS DIVIDEND INCOME? Continue Reading »
Canada Revenue Agency, Canadian and US Tax Treaty, Estate Administration, Estate Planning, Interest, Investments, Tax Issues, Trusts, United States, US TaxesIn February of last year, in Carter v. Canada, the Supreme Court of Canada struck down the ban on doctor-assisted dying, and gave the federal government 1 year to instate a law ….
Another Deadline Passes – The Continuing Saga of Bill C-14 Continue Reading »
Disability, Estate Planning, In the News, Power of AttorneyOn death you might say that Canada is a tax haven. Unlike our neighbours south of the 49th parallel, we are not subject to an estate or inheritance tax on death. We are, however, subject to an income tax which while still a tax, is generally less than an estate or inheritance tax…..
I have a friend who inherited 1 million dollars from a distant uncle. Sounds like a healthy inter generational wealth transfer occurred. She has no children. She does not worry about whether she will be leaving an inheritance. Instead, she enjoyed a trip around the world and is keeping money aside for her golden years……..
‘Baby boomers under 75 set to inherit $750 B in next decade’- CIBC Continue Reading »
Charitable Giving, Elder Care, Estate Administration, Family Conflict, Philanthropy/Charitable Giving