Uncategorized

Total 678 Posts

Keeping the Court Happy :)

The recent case of Lepp v. The Municipality of York, 2022 ONSC 6978 (CanLII) (“Lepp”) is now considered to be a form of required reading for litigants and their counsel. While the facts of the case are not particularly unique, the court’s comments on lawyers’ compliance with the Notice to Profession (effective as of August 2, 2022) (the “Notice”), and general practices as they relate to motions and applications, are….

Keeping the Court Happy :) Continue Reading »

Uncategorized

Will The Vacant Home Tax Impact Use of the Principal Residence Exemption; Estate Planning Considerations

  Overview The Ontario government has enabled municipalities to enact a tax on vacant residential units in their regions (Granted under Part IX.1 of the Municipal Act).[1] Each municipality has to pass a By-Law stating the tax rate and conditions of vacancy that, if met, make a property subject to the tax. The Council of the City of Toronto enacted their By-Law, deeming it to have come into force on….

Will The Vacant Home Tax Impact Use of the Principal Residence Exemption; Estate Planning Considerations Continue Reading »

Estate Planning, Executors, In the News, Property, Real Estate, Tax Issues, Uncategorized, Wills

Chinese New Year – A time to celebrate, plan and eat!

This blog was written by Jean Yong, Associate Estate and Trust Consultant with Scotia Wealth Management Chinese culture boasts a long and rich history. It is one of the world’s oldest cultures dating back thousands of years and includes a set of social norms and beliefs shared to a varying degree by the Chinese population. Prior to entering the world of estates and trust, I too, was naïve to the….

Chinese New Year – A time to celebrate, plan and eat! Continue Reading »

Uncategorized

Certain Recurring Tax and Estate Planning Questions from New Canadians

Today’s blog post was written by Rahul Sharma, Partner, Fasken Martineau DuMoulin LLP, Toronto According to a recent article in the Globe and Mail, Canada added more than 437,000 new permanent residents last year, while the federal government intends to admit 1.45 million more new permanent residents over the next three years. These are considerable figures for a country whose population currently stands at just above 39 million inhabitants. New….

Certain Recurring Tax and Estate Planning Questions from New Canadians Continue Reading »

Uncategorized

Estate donations that don’t get made

[caption id="attachment_19892" align="aligncenter" width="554"] The Sleeping Gypsy, Henri Rousseau, 1897, Museum of Modern Art[/caption] John Quinn was a corporate lawyer and Wall Street titan.  A bachelor known for his many lovers, Quinn was also America’s first great modern art collector and tireless public champion.  He was a friend of literary and art legends like Picasso, WB Yeats, and Joseph Conrad. Quinn died in 1924 of cancer with an 8-year-old Will.  He was 54.  His….

Estate donations that don’t get made Continue Reading »

Estate Donations, Philanthropy/Charitable Giving, Uncategorized

What Happens when a Taxpayer Dies with a Registered Retirement Savings Plan?

Today’s blog was written by Pritika Deepak, Associate at Fasken LLP. Dealing with the tax implications arising upon an individual’s death is a central theme in estate planning. These tax implications may differ depending on the assets and properties that an individual owns at death, as well as the individual’s registered tax plans. This three part series will provide a high level overview of certain tax implications and considerations relating….

What Happens when a Taxpayer Dies with a Registered Retirement Savings Plan? Continue Reading »

Uncategorized
Scroll to Top