Sebastien Desmarais

Total 50 Posts

Sébastien Desmarais is a Tax and Estate Planner at TD Wealth, Wealth Advisory Services.

The Season of Giving is Upon Us

• • 0 Comments

This post was written by Jess Merber and Jo-Anne Ryan – TD’s Private Giving Foundation and Philanthropic Advisory Services. With the charitable giving season in full swing, it’s important to understand year-end tax planning and the value it can offer to clients who have charitable ambitions. When talking to clients, we recommend they consider these points: Donate publicly traded securities. It is always better to donate appreciated publicly traded securities….

The Season of Giving is Upon Us Continue Reading »

Charitable Giving

U.K. Tax & Inheritance Tax – What’s New?

• • 0 Comments

There have been many changes since my article on the U.K. Inheritance tax (“IHT”) applying to a Canadian resident. Indeed, we’ve seen a Spring U.K. budget introducing an overhaul of the U.K. resident non-domiciled individuals (“non-doms”) regime, a U.K. election bringing a new government and another Autumn budget. It has been an exhausting few months keeping up with the U.K. tax changes. What does it mean to Canadians? IHT Moving….

U.K. Tax & Inheritance Tax – What’s New? Continue Reading »

Estate Administration, Estate Planning, International, Succession Planning, Tax Issues

Penalties Under the Income Tax Act – Executor Beware

• • 0 Comments

As a follow-up to my last article on key filing deadlines for estates, this article discusses tax penalties and interest. For executors, missing a tax deadline can come with serious tax implications, notably the application of a penalty and interest. Late Filing Penalty Under the Income Tax Act, there are several sections dealing with the application of penalties.  Deadlines are important and there is a penalty equal to five percent….

Penalties Under the Income Tax Act – Executor Beware Continue Reading »

Estate Administration, Executors, Interest, Liability, Tax Issues

U.S. Filing Requirements for Canadian POAs, Joint Accounts, and Bare Trusts

• • 0 Comments

This article is written by Nicole Ewing, Director, Tax & Estate Planning, TD Wealth Whether it’s a Power of Attorney (POA) for Property document, a joint account, or a bare trust relationship, if a U.S. person’s involved, things can get complicated quickly. Canadians without U.S. ties can find themselves and their assets subject to the scrutiny of U.S. authorities simply by engaging in common estate planning activities. One such issue arises….

U.S. Filing Requirements for Canadian POAs, Joint Accounts, and Bare Trusts Continue Reading »

Estate Planning, IRS, Power of Attorney, Tax Issues, United States, US Taxes

Key Tax Deadlines for Estates Matters

• • 0 Comments

One of the responsibilities of an executor is to deal with the final tax return of the deceased and file the tax returns for the estate.  Most tax deadlines are statutory (established in the Income Tax Act) therefore, they are non-negotiable.  The executor should consult a tax advisor early to learn of all tax deadlines relevant to the estate.  The following will provide some guidance: Final T1 of the Deceased:….

Key Tax Deadlines for Estates Matters Continue Reading »

Estate Administration, Executors, Tax Issues, US Taxes

LCGE for Sole Proprietors – When the Exception Makes the Rule

• • 1 Comment

This article is written by Nicole Ewing, Director, Tax & Estate Planning, TD Wealth As professional advisors, we often speak in generalities and paraphrase rules to make our complex worlds more accessible to our clients. But there’s a risk in this oversimplification – sometimes important exceptions become unknown and worse, underutilized. For example, when we consider succession planning options for business owners, the Lifetime Capital Gains Exemption (LCGE) invariably takes centre….

LCGE for Sole Proprietors – When the Exception Makes the Rule Continue Reading »

Estate Planning, Small Business, Tax Issues
Scroll to Top