Uncategorized

Total 679 Posts

No, You Can Not Visit Your Mom, Dad…..

• • 0 Comments

There was a recent CBC news article, dated Nov 23 2019, which reported that The Trespass Act was used illegally to keep families away from their loved ones, as they were speaking out about about conditions in Long Term Care and retirement residences where their loved ones lived. The article shared the story of a daughter who was banned from visiting her mother in an Ottawa retirement residence because she….

No, You Can Not Visit Your Mom, Dad….. Continue Reading »

Elder Care, Uncategorized

Inadequate Execution of a Will led to Court Dispute

• • 0 Comments

In Bayford v. Boese 2019 ONSC 5663 the deceased Mr. Boese was the sole owner of a farm in Eastern Ontario he inherited from his parents. He never married and had no children. For two decades prior to his death, Mr. Boese was assisted in the operation of the farm by his friend, Ms. Bayford. Under a will made by Mr. Boese two years earlier, the farm property was to….

Inadequate Execution of a Will led to Court Dispute Continue Reading »

Contested wills, Credibility, Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Executors, Family Conflict, Power of Attorney, Uncategorized, Wills

Application of Reasonable Return – TOSI

• • 0 Comments

The Canada Revenue Agency (CRA) was recently asked their view on whether the “reasonable return” exception in would apply to preclude the application of the tax on split income (“TOSI”) rules. An adult individual who is resident in Canada (“Spouse A”) incorporated a company (“Opco”) to operate a non-services business. Spouse A’s initial investment in Opco was in the form of common shares of Opco that Spouse A received as….

Application of Reasonable Return – TOSI Continue Reading »

Uncategorized

Transferring Wealth During Your Lifetime

• • 0 Comments

I was reading recently that approximately $30-trillion in assets will be shifting from one generation to the next across North America in the next few decades, according to consulting firm Accenture. A couple of years ago, I wrote about gifting cash or assets during one’s lifetime as an alternative method of distributing your wealth and possibly avoid taxes at time of death. Though there is no inheritance tax in Canada….

Transferring Wealth During Your Lifetime Continue Reading »

Business Succession Planning, Estate Planning, Investments, Loans, Philanthropy/Charitable Giving, Probate Tax, Real Estate, Succession Planning, Tax Issues, Trusts, Uncategorized

Trick or Treat – Estates Edition

• • 5 Comments

This blog was co-written by Frederick Krueger Imagine you’re the executor of a horror writer’s estate. Everything is going to charity, except for his amazing summer house, which has been left to his ex-wife. The couple had a very messy divorce, but the ex-wife loved that home more than anything. The will says, “I hope this gift makes up for all the pain caused over the years.” Hmmmm…And oh yeah—the….

Trick or Treat – Estates Edition Continue Reading »

Uncategorized

Dementia and MAID

• • 3 Comments

Medically assistance in dying (MAID= Bill C14) for eligible Canadians was passed by federal legislation in June 2016.  To recap, eligibility includes: Being 18 years and older and mentally competent Having a grievous and irremediable medical condition Making a voluntary request for MAID that is not the result of outside pressure or influence Providing informed consent. Grievous and irremediable has been defined as: Having a serious illness, disease or disability….

Dementia and MAID Continue Reading »

Elder Law, In the News, Medical Assistance in Dying, Uncategorized
Scroll to Top