Archive for the ‘Investments’ Category

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 ...

POWERS OF ATTORNEY AND ALTER EGO TRUSTS

Tuesday, September 16th, 2014

My fellow bloggers and I have written in the past about the ins and outs of legitimate probate fee avoidance arrangements available to a testator. These arrangements include an intervivos transfer of assets such as alter-ego trusts. Care and advice must be taken to ensure that the transfer of assets ...