Did you know that the services provided by a registered social worker are often covered by extended health care plans? This means we can provide a receipt for our services which may be reimbursed by your carrier…..
How Many Social Workers Do You Know? Continue Reading »
Disability, Elder Care, Geriatric Care ManagementIs the payment and discharge of a mortgage from the proceeds of a mortgage insurance policy to be taken into account in determining the “net value” of the estate for the purposes of determining a spouse’s preferential share? That was the question before the court in the recent case of Re Estate of Richard Lewis Crane. The deceased, Richard Lewis Crane (the “Deceased”), died intestate. He was survived by his….
“Net Value” and the Spouse’s Preferential Share On An Intestacy Continue Reading »
Estate LitigationRecently, the Canada Revenue Agency (“CRA”) was asked to comment on a scenario involving a transfer of real estate from a Personal Trust to a beneficiary where the beneficiary also assumed a mortgage on a property. In past interpretations, the CRA noted that the transfer of assets from the Trust at cost may be restricted where a portion of the property is received in settlement of a debt due from….
TRANSFER OF PROPERTY FROM PERSONAL TRUST TO BENEFICIARY Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Administration and Probate Applications, Estate Planning, Investments, Liability, Property, Real Estate, Tax Issues, Trustee, TrustsContrary to public perception, it is quite common for charities to die. The majority of charities are small, volunteer-run entities and some run out of steam and are deregistered. Since 2011, over 7,536 charities have had their status revoked by Canada Revenue Agency for reasons ranging from exhaustion and mergers (which produce voluntary revocations), failure to file the annual return, or cause. What happens when there is a gift by….
When Charities Die Continue Reading »
Estate Administration, Estate Planning, Philanthropy/Charitable GivingMy colleague, Katie Ionson, previously blogged about the new RDSP Income Tax Information Circular IC99-1R1, which the CRA released on February 10, 2016. The Circular contains useful guidance on a number of issues, including the requirements for an RDSP to be registered under the Income Tax Act (“ITA”). While some RDSP features are mandatory, other features are optional and are only available if the issuer has chosen to include them….
NOT ALL RDSPs ARE CREATED EQUAL Continue Reading »
Estate PlanningIn our current economic climate cutbacks for supportive care for seniors is seeing increased responsibilities being shifted onto family members and “informal caregivers”. The term “formal” care providers refers to persons who are financially remunerated to care for a person. This can include professionals such as doctors, nurses, social workers, support workers, case managers, speech language pathologists, physical therapists and occupational therapists…..
Strengthening Caregiving in Challenging Times Continue Reading »
Elder Care, Geriatric Care Management