Are You Protected?

Tuesday, August 19th, 2014

Over the years since All About Estates has existed there have been several blogs dealing with the roles and responsibilities of acting as an executor/trustee, as well as the potential liability an executor/trustee faces. As estate planners we work with our clients in understanding the “job” of being an ...

What’s Done is Done?

Monday, July 7th, 2014

As a lawyer whose area of expertise is estate planning I am often asked about “simple” strategies to avoid or reduce the amount of probate taxes that may be payable on an individual’s death. (Probate is the process to confirm the validity of an individual’s Will. It is not ...

Designation of a Taxable Capital Gain for a Trust Beneficiary

Friday, June 27th, 2014

The Canada Revenue Agency (CRA) was asked to consider a situation where a testamentary trust (the trust) disposed of qualified small business corporation shares (QSBCS) in 2013 during its taxation year ending on January 31, 2014. The trust allocated the taxable capital gain to its beneficiary. The CRA was asked to ...