Archive for the ‘Investments’ Category

Estate and Trusts with Foreign Properties and/or Transactions: Reporting Implications – an update

Wednesday, April 2nd, 2014

In a recent blog, I wrote about the annual reporting obligations to the Canada Revenue Agency (“CRA”) on trusts with foreign properties and/or transactions. I cautioned that it was important to stay out of the “penalty” box in this regard. Some rule changes have been introduced, some for the better ...

Discretionary Family Trust and the “Kiddie” Tax

Monday, March 17th, 2014

In general, when income from a family trust asset (usually owned and or operated by parties related to the trust) is distributed to a beneficiary who is not an adult at the time of distribution, the income is taxed at the highest marginal rate of tax known as “tax on ...


Monday, February 10th, 2014

When advising a client about distributions from a family trust to the beneficiaries, I am usually careful to point out that the money is technically theirs and to be careful to get their approval and/or consent when you have them reimburse the funds for expenses you have incurred on their ...