In the News

Total 266 Posts

STATUTE-BAR ASSESSMENTS AND RELIANCE ON OTHERS

Pursuant to the provisions of the Income Tax Act, the Canada Revenue Agency (“CRA”) has a three-year time frame within to reassess a taxation year, commencing with the date of the original Notice of Assessment. Beyond the three-year limit, returns are referred to as statute-barred. Nevertheless, the CRA can always reassess if it can prove fraud or misrepresentation in the return filed, regardless of whether the return is considered statute….

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Canada Revenue Agency, Estate Administration, Estate Planning, In the News, Investments, Property, Tax Issues, Trusts

Where there’s 41 million wills, there’s a way

“41 million wills available to search online for the first time,” a press release from the UK’s Ministry of Justice trumpeted. The truth is somewhat more prosaic, but still reflects an excellent initiative that should be emulated by Ontario. The UK government, in partnership with Iron Mountain, has electronically archived 41 million wills dating back to 1858, including those of “Charles Dickens, Winston Churchill, Alan Turing and Beatrix Potter.” However,….

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Estate Planning, Executors, In the News

Empathy and Advocacy

Today marks the third anniversary of the Sandy Hook Elementary School massacre in Newtown, Connecticut. It is also the first time that the anniversary falls on a school day.  On this date in 2012, Adam Lanza killed 20 first grade students, 6 educators, and his mother, before turning the gun on himself. Following the shootings, there was an outpouring of support for Newtown: donations of over $2.6 million, along with….

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Estate Litigation, In the News

The Hidden Patient

Did you see Steve Paiken’s The Agenda and their show on The Hidden Patient? A few reminders: there are 6 million working caregivers in Canada which means that 35% of working Canadians are caregivers. Twenty percent of working caregivers have health issues. Employers have to do a better job of understanding the role of being a caregiver and realize that their most important asset- their employees- need help to be able to focus on their job. Win – Win. We know that family caregivers are stressed. They worry and they also feel guilty…..

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Elder Care, Elder Law, Geriatric Care Management, In the News
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