Just when high-net-worth taxpayers thought that the amount of tax they must pay could not get any higher, the Canadian government brought in new changes to the Alternative Minimum Tax (the "AMT") regime.

In our blog just under a year ago of January 29, 2025, we speculated on what to expect for U.S. estate tax under a second Trump administration.

The new Non-Resident Speculation Tax ("NRST") is in addition to the Ontario and Toronto land transfer taxes.

Parents frequently provide help out of the goodness of their hearts without considering the impact this may have at a later date.

There is a convergence of a number of factors that will cause us to increasingly think much longer and harder about what we need to do to best plan for our incapacity.

One of the increasing challenges facing parents and other family members today is achieving success in their estate planning - passing on their wealth well.

This Advisory provides an overview of the basics of the administration of an estate, which for many is often something of a mystery.

All Trustees, whether Estate Trustees or otherwise, have a duty to account to the beneficiaries on whose behalf a trust is being managed.

On March 14, 1957, the Honourable Walter Harris, Minister of Finance under the Liberal government of Louis St. Laurent, delivered a landmark budget speech to Canada's House of Commons..

Income tax matters and Canada Revenue Agency publications are often viewed as dull until they directly apply to our own situation. This is likely true for most people in respect of the prescribed

One could argue that the Government should do more by hiring additional people to care for those who have no one to help them.

In order for a POA to be valid, it must comply with the formal POA requirements of the applicable jurisdiction.

In estate planning, a parent typically wishes to provide for their children and each child's family.

There are many reasons and many ways to give. Charitable giving is a very personal choice—including which charity to benefit, the purpose and objective of the gift, the source of the gift, the timing of the gift, and even the vehicle to carry out the gift.

Preparing a Power of Attorney for Personal Care is a critical part of your estate plan.

The STEP (Society of Trust and Estate Practitioners) Global Congress held in Vancouver in September

There are important decisions that need to be made when parents with young families prepare their wills, including who will act as guardian of their minor children should both parents die.

Additionally, the person must be at a point where death has become reasonably foreseeable.

Time and time again, we see executors who are not only surprised by their appointment but who are also overwhelmed and are not sure whether they should act.

It's important in the context of estate planning to consider whether you wish to benefit any charities after your death.