Total 348 Posts
Paul Penna, millionare and founder of Agnico-Eagle Gold Mines Ltd., had a good Estate plan but he made one critical mistake…..
Friendship is like money, easier made than kept Continue Reading »
Estate Litigation, Estate Planning, Executors, In the News, Passing Of Trustees’ and Executors’ Accounts, Trustee, Trusts, WillsDid 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, GuardianshipA change in personal circumstances, however drastic and life changing, does not necessarily have the legal significance or effect that clients expect. The most obvious, yet less known example of this is separation and marriage…..
Marriage, Separation and Divorce Continue Reading »
Estate Planning, Executors, WillsMuch of the discussion on tax planning in the year of death has been focused on terminal year capital gains. In a recovering market it is also possible for the deceased to suffer a capital loss on the deemed disposition of capital assets…..
Net capital losses in the year of death Continue Reading »
Estate Planning, Executors, InvestmentsIn 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, TrustsWhere death is imminent, careful tax planning with dividends for the shareholder of a private corporation may return benefits to the estate and beneficiaries of the estate…..
“Rights and things” dividends Continue Reading »
Estate Administration, Estate Planning, Executors, Small Business, Trustee