International Comparative Legal Guide to Private Client Laws and Regulation 2019 – Canada
ICLG Private Client 2019
Rahul Sharma and Nathalie Marchand authored the chapter for Canada in the 2019 edition of this international guide covering issues in private client laws and regulations across 35 jurisdictions, with contributions from Wendi Crowe and Dwight Dee. Download the chapter or read the...
A New Era of Private Corporation Tax Rules – Part V
It has been just over a year since the federal Department of Finance (“Finance”) released revised draft amendments to the tax on split income (“TOSI”) rules in section 120.4 of the Income Tax Act (Canada) (the “Act”) that “simplified” the...
Estate Planning for the Family Cottage…It’s Complicated
Estate planning is not an easy task, as families are complicated. The general goal of most people when they are estate planning is to create fairness amongst their beneficiaries. This is easiest to do when cash is being divided. For...
(Re:) Toigo Estate and the Power of Encroachment
When implementing an estate plan that involves a life interest, such as a spousal trust, it is typical to grant the Trustee a power to encroach on the capital of the trust for the benefit of the life interest beneficiary....
Year-End Tax Matters: Annual Trustee Meetings
As we near the end of the calendar year, trustees of inter vivos trusts (created during a person’s lifetime) such as family trusts or testamentary trusts (created by will) should pass resolutions or meet with co-trustees to ensure that all...
BC Government Moves Ahead with Speculation and Vacancy Tax
On February 20, 2018, the BC Government announced its intention to implement a new tax on residential properties in certain regions of the province to address the housing affordability crisis. The “speculation tax” quickly became the water-cooler topic du jour,...
New Caselaw on Multiple Wills
Milne Estate (Re), 2018 ONSC 4174 A recent decision of the Ontario Superior Court of Justice may have an impact on your Wills if you have multiple Wills. For some time now Ontario lawyers have offered their clients the opportunity to...
Substitute Decision-Maker Appointments: Toward Uniform Recognition
When making plans for the future, many individuals create documents appointing substitute decision-makers to make decisions on their behalf in the event they become incapacitated. In Canada, there are generally two types of appointments, governing decisions in different spheres of...
Alberta’s new Act to Strengthen Financial Security for Persons with Disabilities
Effective April 1, 2018, Alberta introduced changes to the Assured Income for the Severely Handicapped Act and Regulations to allow families and guardians more options for financial support for persons with disabilities without negatively affecting their entitlement to provincial benefits...
Home is Where the . . . . Domicile is?
Born in Vancouver, raised in Toronto, educated in New York, graduate degree from England, first job in Hong Kong, transferred to Tokyo, retired in the Cayman Islands. In our increasingly mobile world, it is not uncommon for a person to...
