Archive for the ‘Estate Planning’ Category

Splitting Pension Income in Case of Death

Tuesday, October 25th, 2016

The Canada Revenue Agency was asked whether, in the case of the death of a spouse, the other spouse would have the right to split the eligible pension income that he or she receives in a taxation year with the deceased. In order to split eligible pension income, our tax rules ...

Combination Gift Plans

Monday, October 24th, 2016

Combining estate plans and lifetime financial plans can be challenging, especially for individuals who have dedicated a significant portion of their estate to charity, for example 50% or more.  Wills are often drafted independently of lifetime financial plans.  The drafting lawyer may not ask the question "is it prudent and ...