487 results found

The court removed and replaced a lay trustee for failing to meet the "prudent investor" standard set out in s. 15.2 of B.C.’s Trustee Act, and at common law.

On October 29, 2024, the Canada Revenue Agency (CRA) issued a release stating that it will not require bare trusts to file trust returns for the 2024 tax year...

Will planning, in general, requires balancing a number of factors.[1] One often looks for a tax efficient manner to transfer their assets to one or more intended beneficiaries following their death.

Executors, trustees and attorneys/guardians are all part of the legal category known as "fiduciaries". What this term means is that a person (or an entity such as a trust company) has been appointed...

The courts in both Ontario and British Columbia have determined that Wills containing a pour-over clause directing assets into a revocable or amendable trust are invalid.

On January 26, 2015, the Ontario Securities Commission issued the results of a staff review of disclosure relating to distributions by Ontario-based real estate investment trusts.

Budget 2021 proposes significant new limitations on business interest deductibility, commencing January 1, 2023.

Bare trusts across Canada could soon be required to file annual returns with the Canada Revenue Agency, or face large penalties for failing to report.

Proposed tax changes affecting private corporations will significantly reduce the tax advantages of owning shares of corporations in family trusts.

In today’s world, we are always trying to be prepared – we check flights the day before our trip, and we start putting money aside into an RESP before our kids are potty trained.

​If implemented, the proposed rules impose broader disclosure requirements when registering or transferring real property and alter the land transfer tax treatment of certain trusts and partnerships...

Last month I discussed how estate freezes were a good planning tool for family-owned businesses. One point I did not mention was that estate freezes are also a good strategy if your business had gone down...

On December 17, 2014, Bill C-43 received Royal Assent, ushering in a new era of estate planning with proposed changes to the Income Tax Act (the "Tax Act").

The terms of an inter vivos trust are usually set out in a document signed by the settlor.

It is a fact of life that every business owner must exit their business eventually, whether in retirement or on death.

A Henson trust is a type of trust that is settled for the purpose of benefitting a person with disabilities.

Certain court decisions are worth revisiting to ensure that they aren't overlooked when facing complicated construction litigation matters.