Uncategorized

Total 678 Posts

Exporting Canadian Art

• • 0 Comments

  [caption id="attachment_5287" align="aligncenter" width="527"] Lawren Harris, 1926. Sold in November 2016 for $11.2 million.[/caption] Like most countries, Canada has a cultural property regime designed to protect art and objects of cultural significance.  Inspired by UNESCO Convention (1970), cultural property must get clearance from the Canadian Cultural Property Export and Review Board (CCPERB) before it leaves the country.  Outdated elements of this important system are creating challenges for Canadian art….

Exporting Canadian Art Continue Reading »

Estate Administration, Uncategorized

Sorry, you’re not invited

• • 0 Comments

A party has a right to be present at all parts of the litigation process, including at examinations for discovery.  However, the court has discretion to exclude co-parties from attending at each other’s examination for discovery where there is a risk of evidence tailoring.  In the recent case of Boodhoo v Persaud, Justice Myers excluded all of the parties from each other’s examinations for discovery. The deceased passed away in….

Sorry, you’re not invited Continue Reading »

Uncategorized

The Prescribed Rate is About to Change – for Real this Time?

• • 0 Comments

The prescribed rate is the minimum interest rate prescribed by the Canada Revenue Agency (“CRA”) that should be charged on various non-arm’s loans such as those made by you to your spouse or child (through a family trust). Such loans are a common device to split income with others in your family. The money is often used to invest in income-producing properties and the income is taxable in the hands….

The Prescribed Rate is About to Change – for Real this Time? Continue Reading »

Canada Revenue Agency, Estate Planning, Interest, Investments, Property, Real Estate, Tax Issues, Uncategorized

The Society of Trust & Estate Practitioners (STEP) Annual Conference

• • 0 Comments

Earlier this week I attended the 19th annual National Conference of the Society of Trust & Estate Practitioners (“STEP”). I must congratulate Michael Dodick, Janis Armstrong and their whole team for putting on another very successful conference. The success of the conference is easily measurable, there were 720 attendees, making it the largest STEP conference in the World. STEP Canada continues to grow and now has 2486 members in 11 branches….

The Society of Trust & Estate Practitioners (STEP) Annual Conference Continue Reading »

Estate Planning, In the News, Practice Management, Uncategorized

The New Parentage Rules in the Children’s Law Reform Act

• • 0 Comments

Continuing my discussion of the All Families Are Equal Act (Parentage and Related Registrations Statute Law Amendment), 2016, S.O. 2016, c. 23, in this blog I will look at the new rules for determining the relationship of parent and child in Part I of the Children’s Law Reform Act (“CLRA”), which became effective January 1, 2017. Section 1 of the CLRA as it read on December 31, 2016 essentially recognized….

The New Parentage Rules in the Children’s Law Reform Act Continue Reading »

Uncategorized

Returning a gift after 36 years

• • 0 Comments

What’s a charity to do when a donor asks for a gift to be returned?  As my fellow blogger Derek de Gannes recently reported, CRA provided a technical interpretation in response to a charity inquiry relating to life insurance policy donated in 1981. The gift was intended for a discontinued program and now the donor wants his policy back. Returning the donation may be “regarded as making a gift to a….

Returning a gift after 36 years Continue Reading »

Uncategorized
Scroll to Top