Uncategorized

Total 678 Posts

TFSA’s and Non Resident Penalties – An Update

• • 0 Comments

A couple years ago, one of my blog colleagues wrote on the residency rules regarding tax free saving accounts (TFSA’s). Generally, as an owner of TFSA, if you leave Canada, the accumulated funds may remain in the TFSA without Canadian tax consequences. You can’t make any further contributions but you can make withdrawals. The penalties for not abiding by the non-residency contribution rules are severe – essentially 1% per month….

TFSA’s and Non Resident Penalties – An Update Continue Reading »

Canada Revenue Agency, International, Investments, Liability, Tax Issues, Uncategorized

Love is in the Air. But be cautious

• • 0 Comments

This Blog was written by Lara Besharat A romance scam, also commonly known as “catfishing”, is a fraudulent scheme, generally accomplished via social media or through an online dating platform, wherein a scammer feigns romantic interest in a target, develops a “relationship” with that person, and ultimately swindles them for money. Seniors in particular are at high risk of being preyed upon in this way. While this is a growing concern, there….

Love is in the Air. But be cautious Continue Reading »

Uncategorized

The Year of the Ox

• • 0 Comments

It was two years ago this week that I had the pleasure of celebrating the Chinese New Year in Taiwan. It now feels like a very distant memory yet one that I can vividly recall. This year, the Year of the Ox starts on February 12, 2021. In Taiwan the national holiday is celebrated for one week during which time most stores are closed. What I recall most about that….

The Year of the Ox Continue Reading »

Uncategorized

Talking to Your Beneficiaries About Your Estate Plan

• • 0 Comments

This blog was written by Emily Rosen Having conversations with beneficiaries and being honest about your intentions will set expectations early on and minimize any surprises during an already difficult time. According to a study conducted by Nielson (2014), 46% of Canadians have not spoken to their family about their intentions for their Will. Of those 46%, the top reasons for not doing so are: they haven’t thought about it….

Talking to Your Beneficiaries About Your Estate Plan Continue Reading »

Estate Planning, Uncategorized

Can a Suicide Note Be a Will?

• • 0 Comments

In McGrath v. Joy, 2020 ONSC 7454, the Court considered whether the contents of a suicide note could be admitted to probate as a holograph Will, and in particular, whether the deceased had the requisite testamentary capacity to make a Will prior to taking his own life. Facts Sadly, Joseph Philip Joy (“Jody”) committed suicide sometime in the early morning of July 13, 2019, at the age of 49. He….

Can a Suicide Note Be a Will? Continue Reading »

Uncategorized

Cultural Property Donations Update

• • 1 Comment

[caption id="attachment_6826" align="aligncenter" width="650"] Iris bleus, jardin du Petit Gennevilliers, 1892, Gustave Caillebotte, Art Gallery of Ontario[/caption] The charitable tax incentives for donations of certified Cultural Property – art and artifacts – is the richest in Canada.  Cultural Property donations are exempt from capital gains tax and can be claimed against 100% of the donor’s net annual income over up to six years. The incentive is part of a complex….

Cultural Property Donations Update Continue Reading »

Estate Donations, Philanthropy/Charitable Giving, Uncategorized
Scroll to Top