Succession Planning

Total 151 Posts

Use of Cottage By Children of Settlor of an Alter Ego/Joint Partner Trust

• • 0 Comments

Both alter ego and joint partner trusts (the trust) allow a settlor to transfer capital assets into the trust on a tax-deferred basis if the following conditions are met: The trust is created after 1999. The settlor is at least 65 at the time of creation. In the case of an alter ego trust, the settlor must be entitled to receive all the trust’s income that arises before death. In….

Use of Cottage By Children of Settlor of an Alter Ego/Joint Partner Trust Continue Reading »

Canada Revenue Agency, Cottage, Estate Administration and Probate Applications, Estate Planning, Executors, Property, Real Estate, Succession Planning, Tax Issues, Trustee

Bequeathing qualifying shares: to trust or not to trust

• • 0 Comments

Use of spousal trust or common-law partner trusts Setting up a spousal or common-law partner trust is a very important decision that generally results from non-tax reasons. One of the common reasons for setting up this type of trust is to protect the surviving spouse from influencers who might try to gain access to the surviving spouse’s inherited assets. The set-up of a spousal or common-law partner trust can provide….

Bequeathing qualifying shares: to trust or not to trust Continue Reading »

Business Succession Planning, Estate Planning, Small Business, Spouse, Succession Planning, Trusts

Estate Planning Lessons from “The Dutch House”

• • 1 Comment

The Dutch House, by Ann Patchett, is an excellent read. However, for those in the estate planning profession, it is also a reflection on what goes wrong when insufficient or no estate planning occurs…..

Estate Planning Lessons from “The Dutch House” Continue Reading »

Business Succession Planning, Estate Administration, Estate Litigation, Estate Planning, Family Conflict, Fiduciary Professions, In the News, Small Business, Spouse, Succession Planning

FAMILY TRUSTS AND DISTRIBUTIONS OF CAPITAL GAINS

• • 0 Comments

Capital gain splitting on the sale of business interests, owned by family trusts with several beneficiaries, continues to be a valuable tool for tax planning purposes, including the opportunity under certain circumstances to access the super capital gains exemption more than once in such a transaction. However, the beneficiaries of a trust who are designated an allocation of proceeds from a share sale and stand to benefit from applying the….

FAMILY TRUSTS AND DISTRIBUTIONS OF CAPITAL GAINS Continue Reading »

Canada Revenue Agency, Small Business, Succession Planning, Tax Issues, Trusts, Uncategorized

POST MORTEM PLANNING: AGAIN MORE GOOD NEWS

• • 0 Comments

CRA will allow post-mortem pipeline transactions to continue, which will allow individuals to avoid double tax on disposition of certain assets…..

POST MORTEM PLANNING: AGAIN MORE GOOD NEWS Continue Reading »

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