Total 678 Posts
I hope everyone is managing well and staying safe. Here are some random thoughts in isolation: 1. Some provinces are now allowing the virtual witnessing of wills. In related news, Estate lawyers are now the new tech support 2. Until now, I bet you didn’t realize how many corporate mailing lists you subscribe to 3. Are estate planning lawyers less busy now? One thing’s for sure, with so many people….
Random Thoughts in Isolation Continue Reading »
UncategorizedIn a recent blog, I wrote about the availability of Home Buyer’s Plan (HBP) to an individual after the death of her spouse who purchased the matrimonial home. In a recent Technical Interpretation (2019-0819671E5, D. Odubella), the Canada Revenue Agency (CRA) was asked by a taxpayer to review the availability of the HBP to purchase a home that is located in a district where their disabled daughter could attend a….
Home Buyer’s Plan and Disabled Family Member Continue Reading »
Canada Revenue Agency, Dependant Support, Disability, In the News, Real Estate, Spouse, Tax Issues, Uncategorized
Today’s blog was written by guest blogger, Giancarlo Mignardi, Articling Student at Fasken LLP. For many individuals, their asset of highest monetary value is their real property. For estate planners, this means that often it is important to work with clients to find ways to minimize taxes payable on death in relation to such property. In addition, it may be important to identify ways to have a testator’s real property….
In the recent application of Boulos v. Duca, 2020 ONSC 1946, the Court considered the issue of what becomes of a beneficiary designation of an RRSP when the account is converted to a RRIF, and no subsequent beneficiary designation is made. Facts: In the 1980s, Yura Nicola Khagek met a married couple, Edward and Nazha Boulos, through their church. Mr. Khagek became close friends with the Bouloses, and often visited….
Intention Governs the Disposition of RRSP converted to RRIFs Continue Reading »
Uncategorized
Today’s blog is being brought to you by guest blogger, Tracy Parkinson, law clerk in the Private Client Services group of Fasken LLP. Thinking now back to what life was like a year ago, I’d say that we were living “footloose and fancy free” although it might not have felt like it at the time. I can say for certain that if someone had told me that within a year….
One Short Year Ago! Continue Reading »
Uncategorized[caption id="attachment_12694" align="aligncenter" width="900"] Tabernacle by Orcagna, 1359, Orsanmichelle, Florence[/caption] In 1348 the plague hit Florence – and Europe – hard. Half the population died in this densely populated city of 80,000. One result of this mass die-off was 350,000 florins of bequests to one organization, Orsanmichele, a grain market with a miracle producing Madonna shrine. How much is 350,000 florins? It was equal to the annual budget of the….
The Plague and Charitable Bequests Continue Reading »
Estate Donations, Philanthropy/Charitable Giving, Uncategorized