Recently I wrote about price adjustment clauses (PACs) in estate plan agreements. In the blog, I noted the fair market value for the purposes of PACs should be based on fair and reasonable methods. In a recent Canadian Tax Foundation bulletin, Richard Wise provided some additional observations on valuations which I think apply to not only to valuations for PACs but for estate planning arrangements in general and confirm some….

Statistics Canada released last week (Sept 24, 2014) the latest data on Young Canadians providing care. This information uses data from the 2012 General Social Survey on Caregiving and Care Receiving. In 2012, 27% of young Canadians between the ages of 15 and 29 provided some form of care to a family member. Grandparents were the primary care recipients. The study found that young carers typically spend about three hours….

First I read an article in Maclean’s titled Seniors and the generation spending gap (interestingy, the tablet edition has the more provocative title “Old and Loaded”) which discusses how today’s seniors are the “wealthiest generation in history”. Next, I read Audrey’s blog – September is World Alzheimer’s Month – where I learned that one in 10 Ontarians over the age of 65 has dementia.  We’re also told by 2031 all baby boomers will have….

Starting October 1, 2014, the Ontario Rules of Professional Conduct (ROPC) are being updated with a number of new rules, the first big change since 2000.  While many of the changes will likely be of interest to practitioners, there are a number of new rules that are intended to more clearly set out the relationship between clients and lawyers and to protect the public interest. I have highlighted seven new rules….