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 »
Tuesday, February 26th, 2013
On January 28th, I asked 10 questions about estate stuff worth knowing. Based on the feedback I received, I decided to provide readers with another T/F quiz on more stuff worth knowing.
If you die intestate, and without a spouse or children, the government gets your money
Testamentary trusts are taxed at the same ...
Posted in Estate Administration, Estate Planning, Executors, Power of Attorney, Trusts | No Comments »
