Archive for the ‘Investments’ Category

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 ...

Voluntary disclosure – a refresher

Thursday, November 6th, 2014

The Canada Revenue Agency (CRA) was recently asked to speak about their rules regarding tax relief and the late-filing of certain foreign reporting forms. Their answer was as expected and should be of interest to trustees and executors. A taxpayer has failed to make certain foreign reporting filings on a ...

Valuations for estate planning arrangements: Some Tips and Traps Redux

Thursday, October 2nd, 2014

Recently I wrote about price adjustment clauses (PACs) in estate plan agreements. In the blog, I noted the fair market value for the purposes of PACs should be based on fair and reasonable methods. In a recent Canadian Tax Foundation bulletin, Richard Wise provided some additional observations on valuations which ...