Archive for the ‘Estate Planning’ Category

More Estate Planning statistics

Wednesday, April 23rd, 2014

Regular readers of this Blog likely recognize the different styles of the contributors. If it wasn’t previously obvious I do indeed like statistics. Some statistics confirm what many of us already know. For example, most readers of this Blog are no doubt familiar with the percentage of Canadians who have a ...

DEDUCTIBILITY OF EXECUTOR EXPENSES

Monday, April 21st, 2014

Generally speaking, an executor who earns fees in the course of carrying on a business may deduct the expenses net of any estate reimbursement against the fees in computing net income for tax purposes. An executor who is not performing their duties in the course of carrying on a ...

Loss Trading – Rules for Trusts

Friday, April 11th, 2014

Currently, loss streaming rules generally apply to limit a corporation’s trading of certain tax attributes (for example, non-capital losses, net capital losses, farm losses, and unused investment tax credits) where a person or group of persons acquires control of the corporation. Begin in 2013 (with transactions after March 20, ...