How Do You Donate Your Body To Science?
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Charitable Giving, Estate Planning, Executors, WillsExecutors
Total 348 Posts
An Estate Trustee’s Imprisonment, Without Possibility of Parole
A 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…..
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Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Executors, Passing Of Trustees’ and Executors’ AccountsTerminal Return Deadlines
Normally, 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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Canada Revenue Agency, Estate Administration, Estate Planning, ExecutorsSpousal Rollovers On Death
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, TrustsEstate losses – turning bad into good.
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