Part I – Personal Attribution This blog has been written by Pritika Deepak /Associate at Fasken LLP Gifting property or making loans to family members is a common way for individuals to transfer and share their wealth with their loved ones. There are, however, several rules in the Income Tax…
Month: October 2023
Total 15 Posts
One of the most common philanthropic clichés is that family foundations produce family harmony. I was recently at a forum of advisors to ultra high net worth clients. In a moment of candour, someone asked “has anyone used family foundations to promote family harmony, and has it ever worked?” The…
The Superior Court of Justice issued a new Consolidated Civil Provincial Practice Direction for all civil proceedings effective as of June 15, 2023. In addition, the Brampton court office has adopted new procedures for civil matters designed to lead to a more effective use of court time and resources.
A recent Toronto Star article[1] highlighted what has become a bit of an interesting viral trend in the modern internet era: “scorched earth” obituaries, written by one or more of a deceased person’s relatives, who do not have anything nice to say in their send-off of the departed. The article provides…
Autumn is here, and as we prepare for the Canadian Thanksgiving weekend, it is a good time to reflect on how we are coping as busy professionals. In the last few years, the COVID pandemic has changed many things at work and at home. Estate planning professionals are busy with…