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Testamentary trusts are trusts that arise on and as a consequence of the death of a person, and are powerful tools if you wish to maintain a degree of control after death on how the trust funds are to be administered, ...

Recent news reports concerning the compensation claimed by the executors of the estate of the late Loretta Rogers, matriarch of the telecom Rogers family, one of Canada’s wealthiest, has raised concerns for many, particularly if they have a large estate, on how much their executors can be paid.

On January 1, 2016, new tax rules relating to certain types of trusts come into force. These new rules will eliminate some of the advantages of using trusts established by Will...

When you retain a lawyer, you will often hear the terms "Trust Account" or "In Trust", but what exactly does that mean?

A trust is a relationship established pursuant to a document known as a trust deed, whereby one person (the settlor) conveys an asset to others (the trustees) to hold and manage that asset...

The Ontario Superior Court of Justice held that trust claims pursuant to s.8 of the Construction Lien Act do not survive the bankruptcy of the trustee debtor.

A discussion on the Supreme Court recent judgment in the a case of interest to Canadian businesses and professions.

Before we get to this week's summaries of the civil decisions of the Court of Appeal for Ontario, I would like to invite all of our readers to attend the CLE that my partner...

Harold Rich is a wealthy man who owns a large portfolio of publicly traded securities. He wants to make provisions to protect his wife Stephanie and their daughter Laura after his death.

Our firm's June 21, 2010 blog (yes, that's over two years ago), discussed the CRA's domestic trust audit project. Our February 9, 2011 blog discussed the CRA's high net worth audit initiative (or what the CRA calls the "Related Party Initiative" or "RPI" for short).

Unless a specific exemption applies, a 2023 T3 Return is required to be filed for Canadian resident bare trusts on or before April 2, 2024, along with a completed...

Many owners, particularly large corporations or public entities, require contractors to provide a labour and material payment bond to ensure that sub-trades are paid and (hopefully) avoid protracted payment disputes.

Many non-profits and charities rely on donations to achieve their mission, but what happens when a donor specifies how their gift must be used? At first glance, such "restricted gifts" seem straightforward.

The recent decision of the Ontario Court of Appeal in Penman v. Penman serves as a good reminder to trustees of their duties and responsibilities when acting as trustee.

At its core, a trust is a legal arrangement wherein a person, known as the settlor, transfers assets to one or more trustees, who manage those assets in accordance with the terms outlined in the trust document ...

As part of the 2014 federal budget, the Canadian government enacted significant changes to the taxation of estates and trusts that come into force on January 1, 2016.

There are several types of trusts contemplated in the Income Tax Act, each with specific opportunities, rules and restrictions.

The Ontario Court of Appeal confirmed in Lee v. Ponte that s. 7 of the Limitations Act does not apply to extend the time within which an estate trustee can bring a claim that the deceased person