Succession Planning

Total 159 Posts

Estate Planning and the Changes to the General Anti-Avoidance Rule (GAAR)

• • 0 Comments

Estate advisors looking at tax minimization and corporate restructuring of their clients’ affairs as part of their estate and wealth planning will now need to consider the new changes to the General Anti-Avoidance Rule (GAAR). Bill C-59 was introduced in Parliament on November 30th, 2023, and a section of the Bill amends section 245 of the Income Tax Act (the Act) and the GAAR provisions found in subsection 245 of the Act…..

Estate Planning and the Changes to the General Anti-Avoidance Rule (GAAR) Continue Reading »

Estate Planning, Succession Planning, Tax Issues

Taxable Preferred Shares – Some Potential Relief for Specified Amounts

• • 0 Comments

Andrew Coates, Associate, Gowling WLG (Canada) LLP The potential tax implications of estate trustees finding themselves holding taxable preferred shares (“TPS”) owned by a deceased and the “substantial interest” exception for Part VI.1 tax was explored previously in the March 2, 2021 post, but TPS is a complicated subject so we will discuss another of the exceptions in today’s post: the “specified amount” exception. As a refresher, TPS is defined….

Taxable Preferred Shares – Some Potential Relief for Specified Amounts Continue Reading »

Succession Planning, Tax Issues, Uncategorized

Wish lists are for more than just the holiday season

• • 0 Comments

This blog has been written by Mohena Singh [Associate] at Fasken LLP As we near the new year and reflect on another holiday season, many of us may have used this time to spend with family and friends or catch up on some much needed rest and recovery. This time of year also tends to be one filled with gift-giving and showing love to the special people in our lives…..

Wish lists are for more than just the holiday season Continue Reading »

Elder Care, Estate Administration, Estate Planning, Family Conflict, Healthcare, Power of Attorney, Powers Of Attorney and Guardianship Disputes, Succession Planning, Uncategorized, Wills

Trustees Holding Title to Real Property: It Used to be Simpler

• • 0 Comments

Trustees holding title to real property jointly with right of survivorship should make estate succession efficient and inexpensive. But recent changes implemented by the Director of Land Titles are challenging that notion…..

Trustees Holding Title to Real Property: It Used to be Simpler Continue Reading »

Cottage, Estate Planning, Fiduciary Professions, Joint Tenancy, Property, Real Estate, Succession Planning, Trustee, Trusts

Further Assessing Drake’s Estate Planning Needs

• • 0 Comments

Nearly two years ago, I wrote a blog post titled “Assessing Drake’s Estate Planning Needs”. The post looked at rap sensation Drake’s assets vis-à-vis his intent for his son Adonis to be the sole beneficiary of his estate, and the various considerations that he ought to have in planning for the effective transition of his wealth to Adonis. Yet, as any advisor in this space knows, the estate planning discussion….

Further Assessing Drake’s Estate Planning Needs Continue Reading »

Business Succession Planning, Canada Revenue Agency, Executors, Insurance, Investments, Real Estate, Succession Planning, Tax Issues

Reviving a revoked will

• • 0 Comments

It is quite common for a will to begin with a statement that all previous wills and codicils are revoked. This is done to ensure that only the will being executed at that time remains the valid will of the testator, and any prior testamentary instruments no longer desired will not end up being inadvertently  relied upon by a future estate trustee. Less well-known is that a previously revoked will….

Reviving a revoked will Continue Reading »

Estate Litigation, Estate Planning, Succession Planning, Trustee, Wills
Scroll to Top