Wednesday, April 24th, 2013
A trustee's responsibilities include the task of locating the deceased's assets. Depending on the circumstances the task may be daunting. What happens when you find and what sort of tax relief is there with those worthless old stock certficates and securities?
More often than not the deceased will not ...
Posted in Estate Administration, Estate Planning, Executors, Investments | No Comments »
Monday, April 8th, 2013
The Canada Revenue Agency (CRA) was recently asked to comment on whether it considers an amount was “payable” and evidenced by a promissory note thus deductible in the calculation of the income of a trust and added to the income of a minor child.
The CRA had the following comments:
- ...
Posted in Estate Administration, Estate Planning, Loans, Trusts | No Comments »
Friday, April 5th, 2013
My colleague, Corina Weigl, recently blogged about the federal budget released on March 21, 2013 (“Budget 2013”) and the consultation proposed by the federal government with respect to potential changes to the taxation of testamentary trusts. I thought that I would highlight another Budget 2013 announcement that may be of ...
Posted in Estate Planning | No Comments »
