Archive for the ‘Estate Planning’ Category

Proposed Changes to Charitable Tax Credits Less Flexible than First Appeared

Friday, November 21st, 2014

When the government released the 2014 Federal Budget last February, one buzzed-about change was the increased flexibility the Budget proposed for testamentary charitable donations. Under the current rules, gifts by Will to charities are deemed to have been made by the deceased immediately before his or her death and may only ...


Tuesday, November 18th, 2014

Every poll tells the same story: only one-half of adult Canadians have a will in place. A recent Scotiabank poll revealed the top reasons for failing to prepare a will to be: not having enough assets to justify making a Will (29%); now knowing where to start (24%) and being ...

Beneficial ownership of a principal residence for tax purposes: A question of Law and Fact

Friday, November 14th, 2014

Let’s say, your parents place legal title of their house in your name for health reasons. However, your parents continue to reside in the house and pay all the household expenses. Then your mom passes away. Your dad continues to reside in the house until sometime later at which ...