Archive for the ‘Succession Planning’ Category

Divisional Court agrees life insurance policy part of estate

Wednesday, April 13th, 2016

The Divisional Court recently released its decision in Dagg v. Cameron Estate (the trial decision was previously discussed on this blog here). In brief, the appellant Anastasia Cameron married the deceased, Stephen Cameron, in 2003. They had two children. Stephen took out a life insurance policy in 2010 and named ...

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 ...