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This income tax season will look different for Canadian trusts: the Government of Canada has implemented new filing requirements that are applicable to trusts.

FINRA recently announced that its investigative priorities for 2016 include seniors and vulnerable investors, an area to which they have already devoted considerable attention...

Le taux applicable actuellement aux fiducies non testamentaires (y compris une fiducie de fonds communs de placements et une fiducie intermédiaire de placements déterminés)

As you may be aware, the 2014 Federal Budget did not bode well for the tax savings achieved through the use of testamentary trusts.

With the beginning of the Supreme Court of Canada's Winter Session on January 8, the Supreme Court of Canada entered a new era following the retirement of former Chief Justice Beverly McLachlin and the appointment of Chief Justice Richard Wagner.

CRA has confirmed that Canadian registered charities will not be required to file T3 information returns for internally held trusts.

Bare trusts, unless specifically exempted, are required to file a 2023 T3 Return on or before April 2, 2024 with a completed T3 Schedule 15 to report beneficial ownership information.

For years, First Nations have been negotiating and settling specific claims relating to past wrongs committed against them, including those relating to the Crown’s failure to provide reserve lands or other assets under Treaty, as well as mismanagement of those lands or assets.

The CRA was asked a question regarding the application of Part IV tax and the determination of the timing when a corporate beneficiary of a trust receives a dividend designated under subsection 104(19) of the Income Tax Act (Canada).

On March 12, 2024, the Canada Revenue Agency ("CRA") clarified its position on the application of late filing penalties to bare trusts.

On January 21, 2019, the Quebec Court of Appeal ruled in O'Leary Funds Management c. Boralex Inc., 2019 QCCA 84

Last month I wrote on the ABCs of a discretionary family trust.

In a previous blog, "The Movement to Transparency and the Erosion of Privacy" we wrote about the global move to greater transparency by government and taxing authorities which they claim is necessary to ...

Even in cases where one or more children are able to take full responsibility for the ownership of a cottage, there are other financial repercussions to consider.

And I'll finish off with a summary of why setting up a trust is worthwhile in the first place.

The Variation of Trusts Act might be the shortest statute that I am aware of, with the entire statute likely containing fewer words than the current blog. At its most basic the Act provides the court...

One of the primary reasons why people declare bankruptcy is that upon being discharged, the bankrupt person is released from their obligation to repay most of the debts that had existed at the time they went bankrupt.