Archive for the ‘Estate Administration’ Category

Are Charities Second-Class Beneficiaries?

Monday, May 30th, 2016

Charities face a bizarre challenge when administering gifts by will.   It should be simple.   After the donor’s death, a charity named as a recipient of an estate donation becomes the beneficiary of a trust.   The money is owed to the charity and the interest in the trust is legally enforceable.   ...

PERSONAL TAX SYSTEM FOR SENIORS: A PERSPECTIVE FROM THE CRA

Tuesday, May 17th, 2016

Last month, a fellow blogger Audrey Miller wrote on care expenses and services in general which may be eligible for a tax credit in one form or another. Co-incidentally the Canada Revenue Agency (“CRA”) was recently asked to comment on the tax system overall as it applies to seniors and gave ...