For many Canadian families a straightforward transfer of assets will meet their primary estate planning needs. But increasing complexity around issues of asset control, protection and tax-efficiency can make the use of trusts a better option.
What’s changed and what’s useful when reviewing clients’ tax situation for this year? Here is a quick overview. Once again in T2009, the federal tax brackets and basic personal amounts were againindexed to inflation. The rates for this year are: 15% on the first $40,726 of taxable income 22% on the next $40,726 of taxable […]