Archive for the ‘Estate Planning’ Category

Inter-vivos trust instalments

Monday, November 24th, 2014

The Canada Revenue Agency (CRA) was recently asked to comment on their administrative practice to waive the requirement to make tax instalments where the taxpayer is an inter-vivos trust. Under current administrative practices, the CRA does not assess penalties or interest where an inter vivos trust fails to make sufficient instalment ...

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 ...