All About Estates

New Stats Canada Data on Caregivers in Canada

Statistic Canada last week (January 8, 2020) released some data from the 2018 General Social Survey (GSS)on Caregivers in Canada (Cycle 32).  It is based on information obtained from 7664 respondents who provided care to a ‘family member or friend with a long-term health condition, a physical or mental disability…

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Registered Education Savings Plans: Back to Basics

Registered Education Savings Plans (RESPs) are tax-deferred education savings vehicles designed to assist parents (or other family members and friends) to save towards a beneficiary’s post-secondary education.  A contract is entered into between a subscriber (i.e., parents) and a promoter (i.e., bank or trust company), whereby the subscriber contributes funds…

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Fiduciary Investing Series – Don’t REIT around the bush

This blog has been written by Robert Boyd, Director, Scotiatrust Real Estate Investment Trusts, or REITs as they are commonly referred to, are companies that own real estate which generate an income. They can be a useful investment vehicle as they are often well diversified and can allow an individual…

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Costs and the Estate’s Losses

Some losses suffered by the estate due to litigation cannot be recovered.

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Death of a Beneficiary – Alter Ego and Joint Spousal Trusts

At a recent tax conference, the Canada Revenue Agency (CRA) shared its view on reporting a post-mortem loss incurred by a trust in the first year following the death of the last life interest beneficiary (the settlor in the case of an alter ego trust, and the last to die…

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Until Death Do Us Part- or until we need provincially funded care in a LTC

Welcome to 2020!  Truly hard to believe that we are in a new decade. Time seems to have flown by.  As I sat down to write this blog, I wanted to start the new year with some good news.  I thought I would update readers about the long awaited spousal…

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Intestacy Reform Overdue in Ontario?

Saskatchewan recently amended its intestacy rules through the enactment of The Intestate Succession Act, 2019 (the “Act”), replacing the former 1996 statute. “Intestacy rules” are the rules that govern the division of a deceased person’s estate if the person dies without a will, or a portion of an estate if…

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Fiduciary Investing Series – Powers of Attorney and Investment Portfolios

  This blog has been written by Robert Boyd, Director, Scotiatrust. When one assumes the role of power of attorney for property, it is often taken as a duty or even an honour. The fact that someone is willing to bestow the responsibility to take care of their financial affairs…

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Concerns about Consent for Cannabis Prescriptions in LTC

Last month I wrote about the issue of consent for CPR, explaining that the Court in Wawrzyniak v. Livingstone confirmed that a physician’s duty is to his or her patient and not the interests of the substitute decision-maker (SDM). Treatments that are not believed to be in the interests of…

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Alter Ego Trusts: Every Rose Has Its Thorns

This article was first published in STEP Insider. Historically, individuals have taken comfort in the knowledge that their last will and testament is a statement of their final wishes for the disposition of their accumulated wealth. However, in the face of increasing wills litigation and fees payable in connection with…

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