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 ...

Charitable Donation Tax Credits – When Can They Be Utilized?

Friday, December 2nd, 2016

Many individuals make donations to charities in their Wills. Not only does this fulfill philanthropic goals, but it also provides a tax benefit.  Making a charitable gift by will provides donation tax credits which can be used to offset the deemed disposition of capital property that occurs on death. There have ...