Archive for the ‘Passing of trustees’ and executors’ accounts’ Category

Salvador Dali, Melting Clocks, Financial Incapacity, and the Removal of an Attorney for Property!

Thursday, April 3rd, 2014

In 1994, Mary McMaster granted a general power of attorney to her two sons, Graeme and Malcolm. She was a wealthy woman and in good health for many years. Malcolm was the de facto manager of Mary’s assets who engaged in various investments schemes to the ultimate detriment of his ...

Objections to Trustee Accounts Must Be Specific

Tuesday, March 18th, 2014

In reasons delivered last week in Michipicoten First Nation v. Michipicoten First Nation Community Trust, Justice Varpio emphasized that objections to trustee accounts must be specific.  If objections are too vague, then the objectors run the risk of having their objections struck.  An added risk of delivering vague objections is ...

Information Slips and Incorrect Address: Privacy Trumps Regulation

Thursday, February 27th, 2014

Recently the Canada Revenue Agency (“CRA”) was asked to provide their views on whether an issuer of information slips is required to issue an information slip to a taxpayer where the last known address of the taxpayer is known to be incorrect. Their views on this subject has definite applicability ...