Archive for the ‘Estate Administration’ Category

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 ...

Graduated Rate Estates: Does the 36 month rule mean a maximum of 3 taxation years?

Thursday, October 29th, 2015

As my fellow bloggers have written, there are now 3 types of testamentary trusts under our tax law: a Graduated Rate Estate (“GRE”), a Qualified Disability Trust (“QDT”) and all other testamentary trusts (“OTT”). Previously, all testamentary trusts were generally taxed in the same way individuals were – at graduated ...