Archive for the ‘Estate Planning’ 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 ...

Tax Deadlines & Charities

Friday, December 12th, 2014

The 10-week period prior to December 31 is the busiest time of the year for charitable giving, as there is nothing like a tax deadline to sharpen the mind. In my world, this includes creating short-term donor advised funds in Aqueduct Foundation to receive immediate gifts and grant 100% ...

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 ...