Many people do not realize that a trustee faces a myriad of legal and fiduciary responsibilities.
New federal trust rules come into effect in January 2016
Happy Friday, everyone.
Publicly traded securities donated to registered charities are exempt from capital gains tax. The government is now eyeing implementation of a Budget 2015 proposal that would give the same treatment to private company shares and real estate, notes Kim Moody, director at Moodys Gartner Tax Law in Calgary.
And while are happy with the news that CRA will allow the use of graduated rates for estates that have multiple wills, some state it could also cause more headaches between executors.
When it comes to having conversations about transferring wealth, many haven’t discussed it with their families or financial advisors.
Ask clients these 10 questions during reviews
If you missed last week's CRA roundtable, we've got you covered! Check out CRA's tax and estate planning tips for 2015 and beyond.
The use of protectors isn't common in Canada. So, in most cases, our tax laws don't currently address how they should be used.
The Succession Regulation can significantly impact Canadians with assets in, or other ties to, a participating EU member state.