Archive for the ‘Business Succession Planning’ Category

ESTATE FREEZES AND CORPORATE ATTRIBUTION RULES: A QUICK REFRESHER

Tuesday, April 12th, 2016

When an individual taxpayer transfers or loans directly or indirectly property to a corporation, certain provisions of the Income tax Act (“the Act’) may deem the transferor to have received annual interest income on the property at the prescribed rate as set out in the Regulations of the Act. The ...

More on Graduated Rate Estates

Monday, November 16th, 2015

At a recent conference of the Society of Trust and Estate Practitioners, the Canada Revenue Agency (“CRA”) was asked to respond to certain questions regarding Graduated Rate Estates (GRE’s), in particular around the actual definition of a GRE and its application to a situation where the deceased has more than ...