Total 348 Posts
In my last blog on this topic I shared with you the comments of the Canada Revenue Agency (CRA) on an implied agreement between a couple regarding their ownership of a property. The CRA went on to comment on the tax implications of both an actual and a deemed sale…..
Principal residence and co-ownership (continued) Continue Reading »
Canada Revenue Agency, Estate Planning, Executors, Joint Tenancy, Property, Tax Issues, TrusteeOn Tuesday, September 29, I spoke at an OBA program entitled “The Family Business: Administration and Litigation of Trusts and Estates Holding Business Assets.” At the end of the program, there was an interesting discussion about the distinction between compensation for estate trustees and compensation for POAs or guardians of property appointed pursuant to the Substitute Decisions Act (“SDA”). A regulation to the SDA sets out the prescribed rates of….
POA versus Executor Compensation Continue Reading »
Attorney Compensation, Compensation, Executors, Passing Of Trustees’ and Executors’ Accounts, POA Compensation, Power of Attorney, Trustee, Trustee CompensationThe Canada Revenue Agency (CRA) was asked to comment on several scenarios involving the sale and deemed sale of a property co-owned by a couple…..
Principal residence and Co-Ownership Continue Reading »
Canada Revenue Agency, Estate Planning, Executors, Joint TenancyAs a trustee or executor of an estate, you may find yourself managing existing or future tax disputes with the Canada Revenue Agency (“CRA”) and the collections department of the CRA at the same time. In a blog written by Peter Aprile of Countertax Lawyers entitled the Canada Revenue Agency Collection Department & Paying Tax Debts in dispute, some issues and related myths were addressed which you may find useful….
CRA Collections: Dealing With Some of the Myths Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Estate Planning, Executors, Passing Of Trustees’ and Executors’ Accounts, Tax Issues, Trustee, Trustee Disputes, Trusts, WillsThe Canada Revenue Agency (CRA) recently weighed in on the eligibility for a tax-free transfer of registered retirement savings plan (RRSP) to a beneficiary after the death of the annuitant…..
RRSP transfers after death Continue Reading »
Canada Revenue Agency, Estate Planning, Executors, Separation, Tax Issues, TrusteeAs we opened drawers and cupboards, removed wall hangings and rolled up carpets, we found a gift. ….
Grave Gifts Continue Reading »
Elder Care, Executors, Family Conflict