Estate Planning

Total 1068 Posts

The CPP Child Rearing Dropout and its Impact on Survivor Benefits

• • 1 Comment

Today’s blog was written by Monique J. Charlebois, a bilingual lawyer with more than 20 years of experience practicing Ontario estates law.  If you have clients who have lost a relatively young spouse/parent who was the primary caregiver to young children for many years, letting them know about the Child Rearing Dropout provisions could have a significant impact on their financial situation. In general, CPP survivor benefits are paid monthly….

The CPP Child Rearing Dropout and its Impact on Survivor Benefits Continue Reading »

Canada Revenue Agency, Caregiving, Estate Administration, Estate Planning, Spouse, Succession Planning

Pipelines and non-resident beneficiaries

• • 0 Comments

Without proper tax planning, private company shareholders face the prospect of a double tax on the value of shares – once at the time of death and again when the successor beneficiaries extract the share value from the company.  Post mortem “pipeline” planning solves this problem by allowing the estate to extract the share value without additional tax paid in the deceased shareholder’s final return, that is, before a recently….

Pipelines and non-resident beneficiaries Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Tax Issues

Annulled Charities

• • 0 Comments

Annulment is one of those antiquated words the whispers “convenience” and “pragmatism”.  Failed or incomplete marriage?  Divorce not an option? A Church-granted annulment will set both partners free.  Annulment is also a term in the Income Tax Act that applies to registered charities and registered amateur athletic associations. It’s rarely used, and the rules, as with marriage, are forgiving and practical. 206 Annulments The CRA database of registered charities currently lists 206 registered….

Annulled Charities Continue Reading »

Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized, Wills

When Probate becomes an International Affair

• • 0 Comments

Co-written by Jennifer Campbell, estate clerk at Fasken Recently, we have dealt with a number of “international” estates, where (i) probate has been issued in a foreign jurisdiction, (ii) an executor is resident of another country, or (iii) a Canadian deceased held property outside of Canada. These matters have caused us to revisit the requirements set out for dealing with such international connections in order to obtain a Certificate of….

When Probate becomes an International Affair Continue Reading »

Estate Administration and Probate Applications, Estate Planning

Two Isn’t Always Better Than One: The Perils of Joint Accounts

• • 0 Comments

This blog was written by Lara Besharat Earlier this month, a Toronto-based FinTech company launched a new feature for their app that aims to simplify the process of creating and maintaining a joint account. The app allows for joint accounts to be created and managed entirely via your mobile device, and, with equal power over the account, users can send e-transfers, deposit money, and reload the account with the pre-paid….

Two Isn’t Always Better Than One: The Perils of Joint Accounts Continue Reading »

Estate Planning, In the News, Property, Resulting Trust, Uncategorized

When Cash is not King?

• • 0 Comments

Most people keep their cash in bank accounts. However, to my surprise, some people still don’t, and for estate planning and administration purposes, this can be a real problem. Take the case of Temple v. Peddle, 2019 NLCA 2 in Newfoundland Labrador. Mrs. Peddle kept cash in a safe deposit box under a joint account with Mrs. Peddle’s son Leo, who was ultimately appointed guardian of her estate. Leo claimed….

When Cash is not King? Continue Reading »

Estate Administration, Estate Planning, Executors, Family Conflict, Geriatric Care Management, Investments, Trustee
Scroll to Top