Estate Planning

Total 1082 Posts

DISABILTY TAX CREDIT CERTIFICATE: WHO CAN CERTIFY?

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Which medical professionals can certify on a Disability Tax Credit Certificate (“Form T2201”), that an individual has a severe and prolonged impairment in physical or mental functions? Can a registered oral surgeon or other oral specialist, licensed to be so by a provincial body be considered to be a medical doctor in that province for the purpose of certifying on Form T2201 that an individual has an impairment in speaking….

DISABILTY TAX CREDIT CERTIFICATE: WHO CAN CERTIFY? Continue Reading »

Canada Revenue Agency, Capacity Law, Disability, Elder Care, Estate Planning, Fiduciary Professions, Geriatric Care Management, Guardianship, In the News, Power of Attorney

How are RESPs Dealt with in Equalizing Net Family Property?

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I was recently asked how RESPs effect the calculation of a spouse’s net family property (“NFP”) for purposes of Ontario’s Family Law Act. Because a RESP is considered the property of the subscriber, and not a trust, it generally forms part of the subscriber’s estate on his or her death. As a result, this question is relevant not only on marriage breakdown but also when a spouse elects to receive….

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Estate Planning

Life Insurance Gifts Restructured

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Life insurance is an effective way to make a significant future donation, but the unfortunate reality is that charitable policies have a high lapse rate.  Thousands of policies have been donated since 1979 when the Canada Revenue Agency allowed premiums to be receipted.  Sadly too few pay out to fund charitable programs. There are some practical reasons for the lapse rate. Charitable life insurance policies are sold in the moment,….

Life Insurance Gifts Restructured Continue Reading »

Estate Planning, Philanthropy/Charitable Giving
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