Archive for the ‘In the News’ Category

Justice David Brown: A Lasting Legacy

Friday, December 19th, 2014

Congratulations to Justice David Brown who was appointed to the ONCA this week. I am sure that I speak for the Estates Bar when I wish him well in his new role. Justice Brown had a profound impact on the Estates Bar (and beyond) and leaves a lasting legacy. He certainly ...

Just in time for the Holidays – a new Estate Information Return

Thursday, December 4th, 2014

In Ontario, Estate & Trust practitioners have been aware that the Minister of Finance would be releasing 'draft' regulations about a new estate information return that will be required to be filed in addition to an application for a Certificate of Appointment of Estate Trustee (aka “Probate”). Again, the requirements are not yet ...

Redeemable Preference Shares: Accounting Proposal might complicate estate tax plans

Tuesday, December 2nd, 2014

Estate and succession planning arrangements often involve the creation of redeemable and retractable preference shares to “freeze” the value of a business to permit the transfer of the business’ future growth to designated successors. This is commonly found in estate planning arrangements for family owned businesses but it is also ...