Total 1082 Posts
Today, over half of Canadians own a pet. However, a recent survey shows only 7% of pet owners have made formal arrangements for them. If there is no provision in your estate plans, your beloved pet might not be taken care of in the manner to which they’ve become accustomed…..
‘TILL DEATH DO US PART Continue Reading »
Estate Administration, Estate Planning, Family Conflict, In the News, Interest, Succession Planning, WillsEarlier this week, our group gathered to celebrate our colleague’s impending arrival of a new baby. It was a delightful occasion, with cake, presents, and well-wishes. Of course, conversation naturally turned to the preparations that our team member has made for her new addition. Parents-to-be typically spend a lot of time (and money) preparing for the arrival of a child. They furnish a nursery, fill the freezer with casseroles, test-drive….
New Arrival, New Will Continue Reading »
Estate Planning, Guardianship, Trustee, Trusts, Wills
The small business deduction is a key tax incentive for entrepreneurs of small businesses. If the corporation qualifies as a Canadian controlled private corporation (commonly referred to as CCPC), the net federal tax rate for active business income is 9% on the first $500,000. The Income Tax Act (the “Act”) also has association rules to prevent business owners from multiplying the small business deduction among their businesses. When two or….
Power of Attorney for Property & The Tax Association Rules Continue Reading »
Estate Planning, Power of Attorney, Tax Issues
Recently, I returned for my fourth annual presentation to a group of older gentlemen about planning for the last decade of life. With more than fifty in the audience each year, the participants are a good cross-section of men in their 80s. They are a lively, well-informed group of retired and semi-retired men who share insights and advice on what they want and need for smart ageing. As one person….
Hot Topics with Gentlemen in their 80s Continue Reading »
Elder Care, Elder Management, Estate Planning, Funeral Planning, Medical Assistance in Dying, Smart AgeingToday’s Blog was written by Jessica Butler, Law Clerk at Fasken LLP. Nicolas Puech (“Nicolas”), the 80 year old fifth-generation descendant of Thierry Hermès, founder of renowned fashion house, Hermès, made headlines in December when he announced that he plans to bequeath at least half of his fortune to his unnamed (but apparently incredibly talented) former gardener. The value of the Hermès brand is estimated to be €211 billion (approximately….
This post was written by Alicia Mossington, Estate and Trust Consultant with Scotiatrust. Specialists in estate planning recognize the value and importance of having a well-prepared estate plan. Many of my fellow authors have articulated the importance of a comprehensive will and estate plan. Those involved in estate administration have experienced the pitfalls of poor or non-existent planning. Despite the many examples of estate’s gone awry – it can….
The Cost of a Will Continue Reading »
Costs, Estate Administration, Estate Planning, Wills