Archive for the ‘Estate Planning’ Category

SHARES ISSUED FOR NOMIMAL CONSIDERATION: BE WARY OF VALUATION

Tuesday, June 28th, 2016

Recently, the Canada Revenue Agency (“CRA”) was asked to comment on the tax consequences that may result from implementing an estate planning or income splitting arrangement which involves the issuance of shares that entitled the holder to discretionary dividends, for nominal consideration. The CRA was presented with a hypothetical small business ...

Estate Trustee During Litigation – A Refresher from the STEP 2016 National Conference

Monday, June 27th, 2016

This post was written by: Gosha Sekhon, LLB, TEP, ScotiaWealth Management Since joining Scotiatrust in late 2010, one of the trends I have noticed is the increase in estate litigation. This has translated into increased requests for the Trust Company to take on the role of Estate Trustee During Litigation (“ETDL”). ...