Archive for the ‘Loans’ Category

ESTATE FREEZES AND CORPORATE ATTRIBUTION RULES: A QUICK REFRESHER

Tuesday, April 12th, 2016

When an individual taxpayer transfers or loans directly or indirectly property to a corporation, certain provisions of the Income tax Act (“the Act’) may deem the transferor to have received annual interest income on the property at the prescribed rate as set out in the Regulations of the Act. The ...

Grandfathered Agreements

Friday, August 26th, 2011

My most recent blogs have explored the possible use of life insurance to completely eliminate the capital gain on death (assuming that sufficient insurance was in place) provided certain stop-loss rules do not apply. Where shares are disposed of today pursuant to a written agreement such as a shareholders ...