All About Estates

Month: December 2016

Total 17 Posts

Registered Disability Savings Plan Rollover – Or Not

The CRA was asked if a deceased registered pension plan (“RPP”) member’s pension benefit could be transferred tax-free to the registered disability savings plan of the RPP member’s financially dependent infirm child .

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TO ADVERTISE, OR NOT TO ADVERTISE – THAT IS THE BLOG FOR TODAY

When an individual dies with debts, it is the obligation of the executor to determine the extent and veracity of those debts and to take steps to satisfy them. If an executor distributes the assets of the estate without taking appropriate steps to address outstanding debts, s/he may be personally liable to satisfy them.

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Saying ‘see you soon rather than goodbye’

Travelling with a mobility challenged and/or older family member requires planning and an adjustment in expectations.

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TAX FREE ROLLOVERS: DIVORCE AND DEATH – NOT A GOOD MIX

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…

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Time Matters in Philanthropy

SickKids Foundation’s year-end giving campaign has generated a lot of attention for its gripping “Vs” spots. Skillfully edited, the ad borrows fight, hip-hop and adventure movie imagery to dramatize the plight of the hospital’s young patients.  This campaign is highly effective and a great example of visceral, urgent annual fundraising. …

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Charitable Donation Tax Credits – When Can They Be Utilized?

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.

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A Place To Call Home

We are fortunate to have a handful of retirement residences that are designed exclusively for those living with dementia. Individualized care is expensive; there are No Ifs Ands or Buts about it! ( MMSE humour)

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