487 results found

In an 8-1 decision, the Supreme Court of Canada (SCC) dismissed the availability of equitable rescission to avoid unanticipated adverse tax consequences, even where such consequences were the...

Under section 160 of Canada's Income Tax Act, one who receives property from a tax debtor may inherit derivative tax liability—that is, the tax liability of the transferor.

Canada and many other countries have a tax system which levies an income tax on residents of the particular country, including trusts that are resident in that country.

On February 27, 2018, the federal government released its annual "budget." This summary focuses only on the tax measures as it relates to private clients and our related commentary.

Understanding the various types of trusts available in Canada is essential for effective estate planning and asset management. From family trusts and alter ego trusts to qualified disability trusts and bare trusts, each structure offers distinct advantages for tax planning, probate avoidance, and protecting beneficiaries with special needs. This comprehensive overview examines the key requirements, uses, and tax implications of common trust structures to help you determine which option best suits your estat

Trusts are a powerful tool used in tax and financial planning. The main advantage of a trust is that it allows the taxpayers to separate the control and management of assets in the trust from its ownership.

In the recent case of Canada v. Canada North Group Inc.,[1] a 5-4 majority of the Supreme Court of Canada confirmed that supervising courts under the Companies Creditors' Arrangement Act (the "CCAA")...

In this, the fourth and final instalment of the Series, we'll examine what happens when trusts become subject to and then cease to be subject to the Section 94 Trust Rules.

In the complex world of international business, many companies and investors often venture outside of their countries of residence or domicile with the hope of developing new and successful business projects...

On October 24, 2012, Canada’s Department of Finance released a Notice of Ways and Means Motion 1 that included the long-awaited "final" version of the proposed legislation for non-resident trusts.

The application judge found that an oral agreement was made between Moore and the deceased in 2000, shortly after their separation, to the effect that she would pay the premiums from...

What a tangled web it currently is when Ontario real estate lawyers attempt to register transactions involving real property held in trust.

Canada’s trust reporting framework has undergone significant reform in recent years as part of broader efforts to improve tax transparency and prevent tax avoidance through undisclosed beneficial ownership arrangements.

There is a growing international movement to increase employee ownership of businesses. Some jurisdictions such as the United Kingdom and the United States have

Now that the Land Owner Transparency Registry (the "LOTR") is searchable by the public, it is important to understand the scope of its use, and its current limitations.

This Advisory provides an overview of the legal concept of a trust, including its role in family wealth preservation and management.

This Special Advisory provides an overview of the new rules regarding the taxation of testamentary and life interest trusts effective January 1, 2016, and how they may affect existing trusts...