Total 266 Posts
In 1905 Milton Hershey founded the Hershey Trust Company, which has been the majority owner of the Hershey Company. The primary purpose of the $12.3 billion Trust Company is to act as Trustee and support the Milton Hershey School in Hershey, Pennsylvania ….
A Chocolate Covered Trust Company Continue Reading »
Estate Planning, In the News, Succession Planning, Trustee, United StatesDo you know that $2.2 million is spent daily on patients staying in Ontario hospitals who don’t need to be there? These are our ALC patients……..
What does ‘Alternative Level of Care’ mean? Continue Reading »
Elder Care, In the NewsThe capital dividend account (“CDA”) is a tax free surplus account within a private corporation which gives shareholders designated capital dividends, tax-free. The CDA typically contains the non-taxable portion of the company’s capital gains net of capital losses, capital gains received by other companies, proceeds of life insurance on death and other capital like distributions. The CDA account is often a central feature of tax planning for individuals with private….
Determining the CAPITAL DIVIDEND ACCOUNT BALANCE: no longer a shot in the dark? Continue Reading »
Business Succession Planning, Canada Revenue Agency, Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Estate Planning, In the News, Investments, Small Business, Succession Planning, Tax Issues, TrustsGranny dumping’, not so lovingly defined as elderly people being abandoned by relatives or others in emergency departments, is happening close to home. What a sad comment on our society today and ultimately, ourselves. I believe that how we treat our elders is an indication of how we as a society are faring. We are not doing well…..
Granny Dumping- continued…. Continue Reading »
Elder Care, In the NewsIn February of last year, in Carter v. Canada, the Supreme Court of Canada struck down the ban on doctor-assisted dying, and gave the federal government 1 year to instate a law ….
Another Deadline Passes – The Continuing Saga of Bill C-14 Continue Reading »
Disability, Estate Planning, In the News, Power of AttorneyLast month, a fellow blogger Audrey Miller wrote on care expenses and services in general which may be eligible for a tax credit in one form or another. Co-incidentally the Canada Revenue Agency (“CRA”) was recently asked to comment on the tax system overall as it applies to seniors and gave some of their perspective. The taxpayer making the enquiry to the CRA was concerned about seniors who pay for….
PERSONAL TAX SYSTEM FOR SENIORS: A PERSPECTIVE FROM THE CRA Continue Reading »
Canada Revenue Agency, Costs, Disability, Elder Care, Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, Geriatric Care Management, Guardianship, In the News, Power of Attorney, Tax Issues, Trustee