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As we near the end of the calendar year, trustees of inter vivos trusts (created during a person's lifetime) such as family trusts or testamentary trusts (created by will) ...

It has been said that nothing in this world is certain, other than death and taxes. Whether any given tax is ‘certain' can be debated (our tax team is here to help),...

Courts have the power to alter the terms of a special purpose charitable trust, but only in very specific circumstances.

A recent decision of the Ontario Superior Court of Justice was unequivocal in its refusal to recognize a trust in certain recreational lands owned by the YMCA.

Proposed changes in the March 2018 federal budget included new reporting requirements for trusts.

The Federal Government proposed applying flat top-rate taxation to grandfathered inter vivos trusts and trusts created by will and certain estates beginning with the 2016 taxation year.

An executor is the person appointed to carry out the provisions in a will, including distribution of the estate. A trustee is the person appointed in a will (in the case of testamentary trusts) or other trust document.

The cy-près doctrine can be used to vary a trust where it has become impossible or impracticable to achieve the original charitable purpose of that trust.

On October 3, 2016, the Department of Finance introduced significant changes to the principal residence exemption ("PRE") rules in order to "improve tax fairness by closing loopholes...

When health professionals in Manitoba think about estate planning, the conversation usually revolves around a personal will, power of attorney and health care directive.

Family trusts can be a highly effective tax-planning tool. But you have to be sure to dot your i's and cross your t's to avoid the unwanted attention of the Canada Revenue Agency, as I spelled out in a previous article.

In the estate context, it's not easy dealing with trusts where U.S. beneficiaries are involved. U.S. beneficiaries can seriously complicate an estate plan, particularly regarding ongoing trusts.

Over the past few years, Canadian courts have started taking note of the existence of trust protectors.

In January 2016, the Department of Finance released draft legislation proposing amendments to the new life-interest trust rules, which came into effect for 2016 and subsequent tax years.

On October 18, 2023, the Québec Court of Appeal confirmed the Superior Court's authority to declare that court-ordered charges under the Bankruptcy and Insolvency Act (BIA) rank before deemed trusts in favour...

Consistent with the Federal Government's (the "Government") prior statements in Budget 2022, Budget 2023 proposes amendments to the Income Tax Act (Canada) (the "Tax Act")...

Up until now, filing a T3 has not usually been a large deal. In addition to income and distributions to beneficiaries, the information required to be disclosed was relatively simple...