Estate tax return due on a weekend or public holiday date?
Estate tax return due on a weekend or public holiday date? Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Tax IssuesTax Issues
Total 358 Posts
Grandfathered Agreements
My most recent blogs have explored the possible use of life insurance to completely eliminate the capital gain on death (assuming that sufficient insurance was in place) provided certain stop-loss rules do not apply. Not all was lost because, “grandfathered” agreements could prevent the application of the stop-loss rules.
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Canada Revenue Agency, Estate Planning, Executors, Insurance, Loans, Tax Issues, WillsGrandfathered insurance policies
When the stop-loss rules were enacted, they contained grandfathering provisions that provided relief on dispositions of shares pursuant to “grandfathered agreements” or related to “grandfathered insurance policies.”
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Grandfathered insurance policies Continue Reading »
Business Succession Planning, Canada Revenue Agency, Estate Planning, Executors, Insurance, Liability, Small Business, Spouse, Succession Planning, Tax IssuesPrivate company shares and life insurance
It is not unusual to see a corporate beneficiary of a life insurance policy collect the insurance on the death of the insured shareholder. Depending on the circumstances, there are creative ways to use the insurance to benefit such persons as the deceased’s estate or other shareholders of the company.
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Private company shares and life insurance Continue Reading »
Business Succession Planning, Estate Administration, Estate Planning, Executors, Insurance, Liability, Small Business, Succession Planning, Tax IssuesAmendments to the Estates Administration Tax Act
What we were hoping not to happen has now: The Ontario Minister of Revenue can now assess and reassess the taxes paid for probate applications – with more to come…..
Amendments to the Estates Administration Tax Act Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Probate Tax, Tax Issues