In the News

Total 266 Posts

What’s more American than a Norman Rockwell painting – perhaps a Court hearing?

• • 0 Comments

In my Blog last week I talked about how much I like some of the American traditions like Thanksgiving. What could be more American than a beloved Norman Rockwell painting. Earlier this month the Massachusetts Court of Appeal blocked the auction of 2 Norman Rockwell paintings, which had a combined value of over $25mil. The plaintiffs included Rockwell’s sons as well as the office of the Massachusett’s attorney general. The….

What’s more American than a Norman Rockwell painting – perhaps a Court hearing? Continue Reading »

In the News, Philanthropy/Charitable Giving, Uncategorized, Wills

Estate and Trusts with Foreign Properties and/or Transactions: Update on Reporting Implications

• • 0 Comments

Sometime ago, I wrote that the Income Tax Act requires persons and partnerships to file information returns in respect of foreign property ownership (specified foreign property in excess $100,000) and transactions with non-residents . This extends to trusts and estates. Those who file such a return late or do not file one on demand are liable to a penalty or penalties. Generally speaking, a penalty starts at a minimum of….

Estate and Trusts with Foreign Properties and/or Transactions: Update on Reporting Implications Continue Reading »

Canada Revenue Agency, Estate Administration, Executors, In the News, International, Investments, Property, Real Estate, Tax Issues, Trustee, Trusts, Uncategorized, United States

A True Heartbreaker

• • 0 Comments

This Blog was written by: Liz Bozek   As you have undoubtedly heard, Tom Petty died on October 2nd after suffering a massive heart attack. He was rushed to hospital and placed on life support but, after doctors discovered no signs of brain activity, the decision was made to remove life support. Petty died shortly after at the age of 66 years. Petty was looking forward to a well-deserved retirement and….

A True Heartbreaker Continue Reading »

Estate Planning, In the News, Uncategorized

The Randomness of Life

• • 1 Comment

On Wednesday, September 27th, Ken Chung, a 39 year old academic Philosopher died of Stage IV Pancreatic Cancer. Diagnosed in March 2016, Ken blogged about his experience up until his very last days, providing a unique and important perspective on what it means to both live and die. Ken wrote with exceptional clarity about his experience; he shared his hopes, his fears, about the randomness of getting sick, and mostly,….

The Randomness of Life Continue Reading »

Elder Care, In the News

Canadian Snowbirds Buying U.S. Property

• • 2 Comments

Canadian snowbirds flock to Florida to assess the damages caused to their vacation homes following Hurricane Irma. For those who find their homes destroyed by the powerful storm, they may wish to buy new properties altogether.  There are various ways to buy a vacation property in the U.S. and things to keep in mind. Canadian residents who are Non-Resident Aliens of the U.S. (individuals who are not U.S. citizens or….

Canadian Snowbirds Buying U.S. Property Continue Reading »

In the News, Real Estate

Valuators – 2018 Might be a Very Good Year

• • 0 Comments

I mentioned in my last blog that the government is proposing measures to limit the application of the lifetime capital gains exemption (“LCGE”) to owners of eligible small business corporations, based on age and “reasonableness”. Subject to certain exceptions, the proposals ensure that property held by a trust will no longer be eligible for the LCGE. Under the current proposals, there are transition rules which will permit a one-time multiplication….

Valuators – 2018 Might be a Very Good Year Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, In the News, Investments, Property, Small Business, Succession Planning, Tax Issues, Trusts, Uncategorized
Scroll to Top