TAX FREE ROLLOVERS: DIVORCE AND DEATH – NOT A GOOD MIX

Tuesday, December 6th, 2016

Recently, the Canada Revenue Agency (“CRA”) was asked to comment on a scenario involving the transfer of a RRSP and a capital asset between ex-spouses, and one the spouses dies before the rollover can be effected: Do the tax free rollover provisions found in the Income Tax Act (“ITA”) still ...

Stock options held at death

Tuesday, November 22nd, 2016

The Department of Finance released a Notice of Ways and Means including amendments to the tax rules of interest to executors and personal representatives. One such amendment dealt with the security option benefit of the deceased. Included in the amendments was a proposal to permit a deduction in computing the ...