Proposed Changes to Charitable Tax Credits Less Flexible than First Appeared

Friday, November 21st, 2014

When the government released the 2014 Federal Budget last February, one buzzed-about change was the increased flexibility the Budget proposed for testamentary charitable donations. Under the current rules, gifts by Will to charities are deemed to have been made by the deceased immediately before his or her death and may only ...

Relief From Uncle Sam

Thursday, November 13th, 2014

Uncle Sam has given US taxpayers living in Canada some relief when it comes to holding interests in RRSPs or RRIFs. Prior to the October 7, 2014 IRS announcement, US income tax would be payable by a US citizen or resident alien on income accruing in an RRSP or RRIF, even ...

LEAVING QUEBEC? DON’T FORGET TO PACK YOUR NOTARIAL WILL

Tuesday, October 28th, 2014

The recent case of Morton v. Christian is a reminder to Quebec residents - if you execute a notarial Will, you need to appreciate the manner in which the notarial Will can be revoked. Notarial Wills stem from the Quebec Civil Code. They are executed before a notary, who then registers ...