Thursday, May 2nd, 2013
Let's say the deceased was an employee who held stock options in their employer's company just before they died. As their executor there are tax implications which you should be aware of when filing any tax returns.
The Canada Revenue Agency was asked what an executor needed to report for ...
Posted in Estate Administration, Estate Planning, Wills | 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 »
Wednesday, March 20th, 2013
The Income Tax Act has many triggering events which, when engaged, lead to tax consequences. One of the many triggering events is the death of an individual. The commentary that follows examines a situation where the death of the individual did not trigger the release of a suspended ...
Posted in Estate Planning | No Comments »
