Total 280 Posts
Does the Will provide for charitable donations or bequests? If properly documented, they may represent tax deductions to the Estate.
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TAX DEDUCTIBILTY OF CHARITABLE DONATIONS THROUGH THE WILL Continue Reading »
Canada Revenue Agency, Charitable Giving, Estate Administration, Estate Planning, Executors, Philanthropy/Charitable GivingDid the deceased suffer from a severe and prolonged impairment? If so, there may some tax relief for the estate in the form of a Disability Tax Credit.
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DISABILITY TAX CREDIT Continue Reading »
Canada Revenue Agency, Capacity Law, Elder Care, Estate Administration, Estate Planning, Executors, Geriatric Care Management, GuardianshipIn general, the payment of amounts for services rendered triggers some form of tax reporting and often, an obligation on the payer to withhold and remit amounts on account of tax. Payments made to trustees and executors are no different.
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Tax Reporting Obligations for Trustee and Executor Fees Continue Reading »
Canada Revenue Agency, Canadian and US Tax Treaty, Estate Administration, Estate Planning, Executors, Liability, Passing Of Trustees’ and Executors’ Accounts, Trustee, TrustsHave you heard about Long Term Care Insurance and wondered what it was had a place in your estate plans? LONG TERM CARE INSURANCE is coverage which pays a daily benefit for care either at home or in a facility when two or more activities of daily living cannot be performed. ….
LONG TERM CARE INSURANCE – Is It An Overlooked Consideration in Your Estate Plan? Continue Reading »
Canada Revenue Agency, Estate Administration, Estate PlanningWith an aging population and a strained social support system, many of us will be looked upon to provide some amount of financial support for an elderly person which, in some cases, may place a financial strain on the supporting individual. Not to be overlooked is the tax relief provided by both the federal and provincial governments. Generally speaking, tax relief for costs incurred by the elderly is delivered in….
Tax relief and the cost of supporting elderly parents Continue Reading »
Canada Revenue Agency, Elder Care, Estate Planning, Geriatric Care ManagementA death benefit is an amount you receive after a person’s death in recognition the deceased person’s employment service.
How does it get taxed?
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DEATH BENEFITS Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning