Uncategorized

Total 671 Posts

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

Alberta’s Supported Decision-Making Authorizations

• • 0 Comments

This blog was written by Isabelle Cadotte – Estate and Trust Consultant with Scotia Wealth Management We’re all familiar with Wills, Enduring Powers of Attorney and Personal Directives but have you heard of Supported Decision-Making Authorizations (SDMAs)? SDMAs are available in Alberta for adult individuals who have mental capacity but may require assistance from a friend or family member when interacting with health care professionals. It can be particularly useful….

Alberta’s Supported Decision-Making Authorizations Continue Reading »

Contracts, Disability, Elder Care, Healthcare, Uncategorized

Trustee’s Personal Liability – It Could Go on for Years!

• • 0 Comments

Take the case of Estate of Ronald Alfred Craymer v Hayward et al, 2019 ONSC 4600, The Craymers were married in the 1980’s. It was a second marriage for Mrs. Craymer and a fourth marriage for Mr. Craymer. At the time of their marriage, Mrs. Craymer had three adult children of her own and Mr. Craymer had four adult children. The Craymers were married for thirty-two years until Mrs. Craymer….

Trustee’s Personal Liability – It Could Go on for Years! Continue Reading »

Capacity Law, Estate Administration, Executors, Guardianship, Liability, Passing Of Trustees’ and Executors’ Accounts, Power of Attorney, Spouse, Trustee, Uncategorized
Scroll to Top