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In a Ways and Means Motion passed by the House of Commons on December 9, 2015, the new government introduced the changes to tax rates promised during the recent federal election campaign.

Alter Ego Trusts and Joint Partner Trusts are estate planning tools that are available for Canadian residents who are 65 years of age or older.

In 2018, the Department of Finance Canada released Legislative Proposals, and Explanatory Notes that dealt with, among other topics, the Reporting Requirements for Trusts as first announced in Budget 2018.

A British Columbia court case examines how ambiguous language in a purpose trust created to fund educational expenses led to litigation when trustees needed judicial direction on whether boarding school costs...

In Lee v Ponte, 2018 ONCA 1021, the Ontario Court of Appeal considered whether S.7 of the Limitations Act...

A British Columbia Court of Appeal decision demonstrates that executors who pursue litigation primarily for their own benefit rather than the estate's interests may face personal liability for costs...

Trusts, and discretionary trusts in particular, are a staple of estate planning for their flexibility and adaptability. They can address a multitude of situations such as: managing assets...

The Canadian federal government has introduced Bill C-31, which proposes significant changes to the qualified investment rules for registered plans.

For Canadian tax planners and trust beneficiaries, the “21-year rule” is a critical milestone.

On December 2, 2021, the government announced it would give us an early holiday present in the form of an economic statement, to be released on December 14, 2021.

On August 12, 2024, draft legislative proposals were introduced by the Department of Finance that, among other things, are designed to clarify the bare trust reporting rules...

A recent tax change that has gotten a lot of attention is the tax on split income, or "TOSI". Through design or inadvertently, many trusts will be affected by these rules.

In Cowper-Smith v. Morgan 2016 BCCA 200, the British Columbia Court of Appeal upheld a finding of undue influence by the testatrix's daughter, despite advice from two separate lawyers.

In a recent decision, the Court of Appeal upheld the lower court's decision in favour of Binscarth Holdings L.P. (the "Partnership") and its general partner...

The federal Underused Housing Tax Act became effective January 1, 2022, and the first tax returns for those who need to file are due in 2023.

Alter ego and joint spousal or common-law partner trusts (referred to here more simply as a "joint partner trust") are unique types of trusts that can provide tax savings and estate planning benefits...

When two or more corporations are associated for the purposes of the associated corporation rules in section 256 of the Income Tax Act (the "Act")