Uncategorized

Total 676 Posts

FAMILY TRUSTS AND ALLOCATIONS OF PROCEEDS FROM SALE

• • 0 Comments

Recently, I encountered a scenario where the trustees of a family trust were planning an allocation of proceeds from a share sale transaction to the beneficiaries of trust using the lifetime capital gains exemption but it appeared that the allocated amounts would physically end up in the hands of other individuals including the trustees of the trust. It appeared in fact that certain beneficiaries would only see their allocation on….

FAMILY TRUSTS AND ALLOCATIONS OF PROCEEDS FROM SALE Continue Reading »

Canada Revenue Agency, Investments, Tax Issues, Trustee, Trusts, Uncategorized

Strategies for Distributions for Young Beneficiaries

• • 1 Comment

This Blog was written by: Daniel Watts, Estate and Trust Consultant, Scotiatrust I wrote in a previous post about determining an appropriate age for a beneficiary to receive an inheritance (Choosing an Appropriate Age for Young Beneficiaries to Inherit, February 7, 2019). Below, we take that idea a bit further by considering additional approaches rather than a simple, single distribution of all the funds when a beneficiary attains a certain….

Strategies for Distributions for Young Beneficiaries Continue Reading »

Estate Planning, Trustee, Trusts, Uncategorized, Wills

Canada’s Greatest Impact Donation

• • 0 Comments

The FitzGerald Building at the University of Toronto housed the School of Hygiene (Public Health). It was funded by The Rockefeller Foundation with a $650,000 grant in 1927. What’s the greatest impact donation in Canadian history? I’d argue it is a forgotten gift of $75,000 made by Colonel Albert E. Gooderham in 1915 to purchase and outfit a farm north of Toronto for the Connaught Laboratories to produce vaccines for….

Canada’s Greatest Impact Donation Continue Reading »

Estate Donations, Philanthropy/Charitable Giving, Uncategorized

Interment Rights in Ontario: What You Need to Know

• • 1 Comment

Today’s blog was written by Demetre V. student at law. While the majority of estate planning typically revolves around how a testator should plan to take care of their loved ones after their death, a sometimes-overlooked component of estate planning involves how a testator should plan to take care of their own body after their death. Indeed, burial considerations, as well as the interment rights to be buried in a….

Interment Rights in Ontario: What You Need to Know Continue Reading »

Uncategorized

Trust in the Raptors

• • 0 Comments

Sports/Estates fans, we’re in that period during the year where playoff hockey and basketball overlap with the beginning of the baseball season. A lot of questions come up for fans during this time: He’s making HOW much?How can the team get out of that guy’s contract?What would happen if the Boston Bruins spontaneously combusted in the middle of their playoff game? For this week’s blog, I thought I would cover….

Trust in the Raptors Continue Reading »

Contracts, Estate Planning, In the News, Trusts, Uncategorized

Individual Pension Plans Revisited (Again) – What about Pension Transfers?

• • 2 Comments

When a member of an employer sponsored pension plan ceases employment, the member may receive a lump sum payment for the commuted value of their pension rights, exposing that member to a significant tax bill, as only a limited amount of the payment can be transferred to an RRSP. There exists the possibility of using the pension payout to fund an IPP. Under the right circumstances this may permit the….

Individual Pension Plans Revisited (Again) – What about Pension Transfers? Continue Reading »

Business Succession Planning, Canada Revenue Agency, Estate Planning, In the News, Property, Small Business, Tax Issues, Uncategorized
Scroll to Top