Archive for the ‘Succession Planning’ Category

Determining the CAPITAL DIVIDEND ACCOUNT BALANCE: no longer a shot in the dark?

Tuesday, August 9th, 2016

The capital dividend account (“CDA”) is a tax free surplus account within a private corporation which gives shareholders designated capital dividends, tax-free. The CDA typically contains the non-taxable portion of the company’s capital gains net of capital losses, capital gains received by other companies, proceeds of life insurance on death ...

Adult Adoptions: A Method of Manipulating Inheritance Rights

Thursday, July 28th, 2016

This blog is by Natalie Rouse, Scotiatrust, Scotia Wealth Management. Imagine this scenario: you are the beneficiary of a trust set up under your Mother’s estate. You are entitled to the net income of the trust during your lifetime, with the residue to your children at your death. You have a partner, but ...