Archive for the ‘Trusts’ Category

CAPITAL DIVIDEND ACCOUNT ELECTIONS AND THE DATE GONE WRONG?

Tuesday, September 6th, 2016

As I mentioned in a previous blog, the capital dividend account (“CDA”) is often a central feature of tax planning for individuals with private corporations with the opportunity to make tax-free distributions to shareholders on the disposition of certain capital assets. It gains particular focus in estate planning scenarios and ...

TRUST INSTALLMENT REQUIREMENTS, INTEREST AND PENALTIES

Tuesday, August 23rd, 2016

One of the many tasks associated with the administration of trusts is making sure all tax payments are made on a timely basis to protect the trust and its beneficiaries from avoid interest and penalties. In this regard, most trusts are required to make installment payments. Prior to 2016 only inter ...