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On July 27, 2018, Finance Canada released Legislative Proposals, and Explanatory Notes relating to those Legislative Proposals that deal with, among other topics, the Reporting Requirements for Trusts as announced in Budget 2018.

We write to inform you of two important changes to the taxation and reporting of trusts and housing that were brought forward this year.

As anticipated, today's federal budget (Budget 2018) focuses on a few targeted areas, including the taxation of passive investments made by private corporations, and does not contain...

The first discretionary trust that I ever drafted for a client was about 21 years ago, which means that I've now gone full circle with the trust, having seen its "birth" and recent "death".

Employee ownership trusts (EOTs) are an important tax planning tool for Canadian business owners who plan to exit their business.

Is it appropriate for an executor to ask beneficiaries to sign a release and indemnity prior to receiving a distribution from an estate?

Highlights of Recent Developments in Estates and Trusts

In our November 25, 2014 Tax Alert, we outlined how the rules could result in a mismatch of tax liability to assets.

Canadian income tax complications arising for U.S. estates are discussed more fully in our fifth article in this series.

There are a number of real and perceived advantages to using an alter ego or joint partner trust as a will and power of attorney substitute.

Federal Department of Finance and Canada Revenue Agency officials have acknowledged that a new tax rule for spousal trusts taking effect Jan. 1 could have negative consequences for spousal beneficiaries that were not foreseen.

Trusts are important tools in Canadian tax and estate planning. Discretionary family trusts, in particular, have become common and are continually evolving.

Discretionary family trusts can sometimes trigger thoughts of trust fund babies, insane amounts of funds held offshore, or shielding trust assets from creditors or the taxman, all of which are available...

Canadian tax practitioners often recommend the use of "inter vivos" trusts in tax and estate planning for private clients.

Section 418.1 of the Municipal Act, 2001 (the "Act") that authorizes municipalities (other than the City of Toronto) to opt into the prudent investor regime was proclaimed in force, effective March 1, 2018.

In this Advisory, we present an overview of the principles of trustee investment under Ontario's governing legislation, the Trustee Act.

On February 4, 2022, the Department of Finance re-introduced legislative proposals with respect to the enhanced tax reporting rules for trusts first announced in Budget 2018 (the Draft Rules).