Power of Attorney Act changes in Saskatchewan

Monday, March 9th, 2015

Estate and trust legislation in Canada is under the jurisdiction of each Province. This can make the role of an Advisor challenging as it is not uncommon for Canadians to move between provinces, in search of employment or a different climate (as I write this it is -14C in Toronto). There ...

ESTATE PROPERTY DISTRIBUTION AND ESTATE TAX LIABILITY

Monday, January 12th, 2015

Recently, the Canada Revenue Agency released a technical interpretation which served as a useful reminder that executors and ultimately beneficiaries should exercise caution when it comes to estate tax liabilities. The Income Tax Act requires that the estate’s legal representative which is often the executor must obtain a clearing certificate before ...

POWERS OF ATTORNEY AND ALTER EGO TRUSTS

Tuesday, September 16th, 2014

My fellow bloggers and I have written in the past about the ins and outs of legitimate probate fee avoidance arrangements available to a testator. These arrangements include an intervivos transfer of assets such as alter-ego trusts. Care and advice must be taken to ensure that the transfer of assets ...