Executors

Total 345 Posts

Spousal Rollovers On Death

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Generally speaking, where property is directly transferred upon death to the deceased’s spouse or common-law partner or a trust for their benefit, such transfers are automatically transferred at cost amount or tax cost amount pursuant to the provisions of the Income Tax Act and no taxable gains on the transfer are incurred. However, there may good reason to elect out of these provisions to trigger taxable capital gains.

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Estate Administration, Estate Planning, Executors, Investments, Small Business, Trusts

Estate losses – turning bad into good.

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Capital losses sustained by an estate when assets go down in value after death are of little use. This can be frustrating particularly when the deceased has paid tax on capital gains made on the deemed disposition of the same assets on the terminal return. Read on to find out how to turn a bad loss into good tax recovery when action is taken within the first year anniversary of death…..

Estate losses – turning bad into good. Continue Reading »

Estate Planning, Executors, Wills

Having The Talk, From The Birds And The Bees To The Will, Estate And Final Wishes.

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While family members may not agree amongst themselves, on any level, it is possible to have everyone be on the same page, as it comes to dealing with their parents as they age and decline…..

Having The Talk, From The Birds And The Bees To The Will, Estate And Final Wishes. Continue Reading »

Elder Care, Estate Administration, Estate Planning, Executors, Family Conflict, Power of Attorney
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