Melissa Plunkett

RRSPs Aren’t the Villain – But Misunderstanding Them Is

Scotiatrust

This blog post was written by: Melissa Plunkett, Director, Scotiatrust On Friday, September 26, 2025, when CTV news published their story “Daughter hit with $660,000 tax bill when both parents died in the same year”, I was inundated with texts and DMs from friends and family asking me if this could really happen to a middle-class family.   Did the CRA assess too much tax?  Was an RRSP really all taxable at….

RRSPs Aren’t the Villain – But Misunderstanding Them Is Continue Reading »

Estate Planning, Tax Issues

The New 2024 Alternative Minimum Tax and Trusts – The intended target or unintended victim?

This blog post was written by Melissa Plunkett, Director, Scotiatrust Over my almost twenty-five-year career in the trust industry, I have seen a lot of clients who have settled trusts for protection – protection of assets and protection of the beneficiary.  Over the course of this past year, with all the Alternative minimum tax (AMT) changes, proposed changes, proposed changes that did not go through, and more changes, I’ve waited….

The New 2024 Alternative Minimum Tax and Trusts – The intended target or unintended victim? Continue Reading »

Tax Issues, Trusts
Scroll to Top