Trusts – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 08 Sep 2023 20:13:09 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Trusts – Advisor's Edge https://phoenix.advisor.ca 32 32 New alternative minimum tax regime to raise $2.6B: PBO https://phoenix.advisor.ca/tax/tax-news/new-alternative-minimum-tax-regime-to-raise-2-6b-pbo/ Fri, 08 Sep 2023 20:13:09 +0000 https://www.advisor.ca/?p=230578 Canadians making above $300,000 to contribute 98% of total AMT

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CRA releases new form for reporting beneficial ownership of trusts https://phoenix.advisor.ca/tax/estate-planning/cra-releases-new-form-for-reporting-beneficial-ownership-of-trusts/ Fri, 30 Jun 2023 17:18:31 +0000 https://www.advisor.ca/?p=228041 Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries

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CRA says trustees must report on contingent beneficiaries too https://phoenix.advisor.ca/tax/estate-planning/cra-says-trustees-must-report-on-contingent-beneficiaries-too/ Thu, 22 Jun 2023 13:06:44 +0000 https://www.advisor.ca/?p=227028 Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules

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How employee ownership trusts limit estate planning https://phoenix.advisor.ca/tax/estate-planning/how-employee-ownership-trusts-limit-estate-planning/ Wed, 21 Jun 2023 17:00:25 +0000 https://www.advisor.ca/?p=226958 Challenges for business-owner clients include taxable disposition and compliance costs

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Legal changes would require explanation for questionable wealth in B.C. https://phoenix.advisor.ca/news/economic/legal-changes-would-require-explanation-for-questionable-wealth-in-b-c/ Fri, 31 Mar 2023 17:06:12 +0000 https://www.advisor.ca/?p=223790 Civil forfeiture office could look for assets in names of trustees, partnerships family members

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Employee ownership trusts introduced, but with no incentives https://phoenix.advisor.ca/tax/estate-planning/employee-ownership-trusts-introduced-but-with-no-incentives/ Wed, 29 Mar 2023 17:55:41 +0000 https://www.advisor.ca/?p=223610 Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership

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FHSA, other tax proposals tabled in House of Commons https://phoenix.advisor.ca/tax/tax-news/fhsa-other-tax-proposals-tabled-in-house-of-commons/ Fri, 04 Nov 2022 20:58:09 +0000 https://www.advisor.ca/?p=216124 Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more

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Estate planning with trusts https://phoenix.advisor.ca/tax/tax-strategies/estate-planning-with-trusts/ Fri, 12 Aug 2022 17:56:23 +0000 https://www.advisor.ca/?p=212670 Help your client benefit from these important tools

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Draft legislation addresses trust reporting, anti-flipping rules https://phoenix.advisor.ca/tax/tax-news/draft-legislation-addresses-trust-reporting-anti-flipping-rules/ Tue, 09 Aug 2022 19:32:41 +0000 https://www.advisor.ca/?p=212588 The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more

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Feds release draft legislation on trust reporting, ETF taxation https://phoenix.advisor.ca/tax/tax-news/feds-release-draft-legislation-on-trust-reporting-etf-taxation/ Mon, 07 Feb 2022 17:43:39 +0000 https://www.advisor.ca/?p=205648 Draft legislation also seeks to implement a raft of proposals from Budget 2021 

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