Today’s blog, while not about the Blue Jays winning the series (I was having a tough time finding the ‘estates’ connection), continues with the theme of Financial Literacy…..
Financial Literacy, part 2 Continue Reading »
Estate Administration and Probate Applications, Power of AttorneyToday’s blog is written by guest blogger Katherine Downey. Katherine is a professional educator and licensed funeral director specializing in prepaid funeral planning. She can be reached at (905) 717-9197 or at (905) 399-5341. Email: katdowney@legacymatters.ca. Website: www.legacymatters.ca You have died. Over the next few days what will that look like for your loved ones? Your family is grief stricken and they must decide what to do with your body…..
LIFE … Death & Taxes Continue Reading »
Estate PlanningMany financial institutions are training staff to detect and report financially abusive situations. Should legislative changes be introduced to bolster financial literacy and/or protect consumers from financial abuse?
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Financial Literacy & Protecting Seniors Continue Reading »
Elder Law, Estate Planning, In the NewsThe process of separating from one’s spouse is never easy. Beyond the emotional toll, assets must be divided and it may be necessary to make plans for ongoing spousal and child support. Even after a settlement has been reached, death can derail the best laid plans. Such was the case in Dagg v Cameron (Estate), 2015 ONSC 6134. Stephen Cameron died in 2013 of cancer. He was residing with Evangeline….
Insurance Policies, Separation Agreements, and Death Continue Reading »
Dependant Support, Estate LitigationPursuant to the Income Tax Act, to be eligible for the capital gains exemption, the qualified small business corporation share definition includes a requirement that it be held by the taxpayer, or a party related to the taxpayer “throughout the 24 months” preceding sale. Under the circumstances, can an 18th month old beneficiary of a family trust receive a distribution of otherwise qualifying small business corporation shares, sell them the….
Infant Beneficiary of a Family Trust and the Capital Gains Exemption Continue Reading »
Canada Revenue Agency, Estate Planning, Investments, Succession Planning, Tax Issues, Trusts, WillsCooler weather, shorter days, leaves changing colours and, at long last, the Blue Jays playing in the playoffs, are sure signs that Autumn is here and Winter is just around the corner. For estates practitioners in 2015, these are also signs that January 1, 2016 — the effective date for changes to the taxation of testamentary trusts first introduced in Budget 2014 — is also just around the corner…..
QUALIFIED DISABILITY TRUSTS Continue Reading »
Estate Planning