Total 345 Posts
How is it possible for five parties to incur $4,435,050.18 of costs essentially on a four day hearing? The recipe is one part deafness, and one part unreasonableness. ….
Is Anyone Listening? Costs and Judicial Resources Continue Reading »
Contested wills, Estate Litigation, Executors, Trustee Disputes, WillsGenerally speaking, the Canada Revenue Agency requires a taxpayer’s consent to speak with someone other than the taxpayer about matters related to the person’s affairs. One may assume the consent requirement is relaxed when the taxpayer is deceased and the deceased’s affairs are in the hands of the estate trustee(s) Think again as this is not automatic.
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Consent to speak Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Succession Planning, WillsLast time, I wrote about filing deadlines for terminal returns and how these deadlines need to be respected to avoid penalties and interest on taxes owing. What if you don’t have sufficient information to file and the deadline is looming?
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TERMINAL RETURN ESTIMATE Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, InterestA recent decision of the Ontario Superior Court sentences an estate trustee to a lengthy term of incarceraction, without the possibility of parole, for contempt of court…..
An Estate Trustee’s Imprisonment, Without Possibility of Parole Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Executors, Passing Of Trustees’ and Executors’ AccountsNormally, an individual’s personal tax return is due April 30 (or June 15 if the person or a cohabitating spouse has income from a business). Upon death, this does not change unless the date death is after October 31.
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Terminal Return Deadlines Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors