Archive for the ‘Estate Administration’ Category

The Rush to Avoid the 21 Year Deemed Disposition Rule: a Word or Two of Advice

Thursday, December 18th, 2014

As a professional advisor over the years, I have learned to accept good advice as well if not more than giving it. Recently, Colleen Ma of Dunphy LLP wrote about how the rush to avoid the 21 year rule for discretionary family trusts can lead to real problems if not executed ...

Whose asset is it – the question of “title”?

Wednesday, December 10th, 2014

The Canada Revenue Agency (CRA) was recently asked for their comments with respect to a change in legal ownership of property for income tax purposes in a situation where a person held legal title to property and their former spouse had beneficial ownership as a result of the settlement rights ...

Just in time for the Holidays – a new Estate Information Return

Thursday, December 4th, 2014

In Ontario, Estate & Trust practitioners have been aware that the Minister of Finance would be releasing 'draft' regulations about a new estate information return that will be required to be filed in addition to an application for a Certificate of Appointment of Estate Trustee (aka “Probate”). Again, the requirements are not yet ...