Archive for the ‘Investments’ Category

Graduated Rate Estates: Does the 36 month rule mean a maximum of 3 taxation years?

Thursday, October 29th, 2015

As my fellow bloggers have written, there are now 3 types of testamentary trusts under our tax law: a Graduated Rate Estate (“GRE”), a Qualified Disability Trust (“QDT”) and all other testamentary trusts (“OTT”). Previously, all testamentary trusts were generally taxed in the same way individuals were – at graduated ...

Infant Beneficiary of a Family Trust and the Capital Gains Exemption

Friday, October 9th, 2015

Pursuant to the Income Tax Act, to be eligible for the capital gains exemption, the qualified small business corporation share definition includes a requirement that it be held by the taxpayer, or a party related to the taxpayer “throughout the 24 months” preceding sale. Under the circumstances, can an 18th month ...