Interest – Page 7 – All About Estates

Wine – How Liquid is it Really?

Jasmine Sweatman • June 30, 2011

In last months’ Canadian Lawyer Magazine, Warren Porter, owner of Iron Gate Private Wine Management, wrote about wine as a liquid asset. When a wine collector dies, teh collection can be very valuable, and if the collection is not specifically dealt with in the Will, the issue becomes: how does an estate trustee realize this value for the beneficiaries?….

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Charitable Giving, Estate Administration, Executors, Interest, Property, Wills

Tax liability of the deceased

Derek de Gannes • June 17, 2011

On occasion, the deceased’s estate may not have the cash to cover the tax liability because the assets of the estate are not “liquid” – perhaps valuable real estate. There is a way to defer the payment which requires action on or before the balance due date…..

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Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Interest, Liability, Property

TERMINAL RETURN ESTIMATE

Steven Frye • January 21, 2011

Last time, I wrote about filing deadlines for terminal returns and how these deadlines need to be respected to avoid penalties and interest on taxes owing. What if you don’t have sufficient information to file and the deadline is looming?
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Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Interest

Euthanasia…is it coming to Canada?

Jasmine Sweatman • October 14, 2010

What are “Safe Exists” and why are people concerned about them…..

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In the News, Interest

Protecting Estate Assets Even if the Deceased Didn’t Feel the Need To

Laura West • September 21, 2010

When someone passes away, one of the first duties of the executors is to secure and protect all assets forming part of the estate…..

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Estate Administration, Estate Planning, Executors, In the News, Interest

A Nice Gift to Give to your Spouse… a Loan

Corina Weigl • September 13, 2010

The Canada Revenue Agency has announced the 2010 third quarter prescribed interest rate used to calculate taxable benefits for employees and shareholders for interest-free and low interest loans would be 1%. With this the lowest historical prescribed rate ever, it is an opportune time for taxpayers to reduce the tax bite through an income-splitting structure using loans…..

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Canada Revenue Agency, Estate Planning, Interest, Investments, Loans