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CRA significantly expands proposed trust reporting requirements to include bare trust arrangements
In 2018, the Department of Finance Canada released Legislative Proposals, and Explanatory Notes that dealt with, among other topics, the Reporting Requirements for Trusts as first announced in Budget 2018. We posted about these new requirements and some of their...
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Electronic wills are here in BC – but should you make one?
On December 1, 2021, British Columbia became the first province to allow electronic wills – fully digital wills. Previously, a will-maker could only make a valid will under BC law by signing a physical will with wet ink in the...
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Wendi Crowe quoted in BNN Bloomberg article on will and estate planning as part of a New Year financial review
BNN Bloomberg, "New year financial review should include will, estate planning"
Wendi Crowe was quoted in a BNN Bloomberg article on reviewing will and estate planning in the New Year: Lawyer Wendi Crowe says you don’t need to update your will every year, but she says to have a read through...
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Update on Bill C-208; New taxation rules impacting transfers of family businesses to the next generation
In our previous article on this topic, we discussed Bill C-208 (the “Legislation”), a Private Member’s bill that amends the Income Tax Act[1] (the “Act”) to change certain rules in sections 55 and 84.1 of the Act to facilitate intergenerational...
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New taxation rules impacting transfers of family businesses to the next generation; Everything you thought you knew about intergenerational transfers is now wrong
Owners of family small business corporations, family farming and fishing corporations, especially those contemplating intergenerational transfers of those businesses, should take note of a significant change to Canada’s tax laws designed to « level the playing-field » between related-party and arm’s-length transfers....
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Dealing With Canada – Challenges And Opportunities For Global Wealth And Tax Planners
IFC Media
Over the last decade, Canadian tax and private client practitioners have faced an ever-increasing amount of international and cross-border inquiries. Canada’s rapidly changing demographics are partially responsible for this trend. The country’s largest city, Toronto, and the region surrounding it,...
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Bill 245 receives Royal Assent, bringing reform to Ontario estate law
OBA Trusts and Estates Law Section
Bill 245, Accelerating Access to Justice Act, 2021 (“Bill 245”) received Royal Assent on April 19, 2021, bringing significant reform to Ontario estate law. Vitual Witnessing of Wills and Powers of Attorney In response to the outbreak of COVID-19, the...
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The relationship between personal directives and goals of care (Alberta)
In Alberta, a person’s medical care team uses a document called a “Goals of Care Designation Order,” or “GCD,” to set out the types of medical care to which a patient does or does not consent, and to guide the...
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Capacity to marry: the case of Tanti v Tanti et al.
In the case of Tanti v Tanti et al., the Ontario Superior Court of Justice was tasked with determining whether Paul Tanti was capable of marrying his “much-younger, live-in companion”, Sharon Joseph.[1] In 2014, Paul went to a community organization...
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William Fowlis quoted in The Globe and Mail’s Family Business Report
The Globe & Mail (Sponsored Content), "Trust and estate practitioners play critical role in family business succession planning"
William Fowlis is quoted in The Globe and Mail’s Family Business Report: Running a family business involves intricate teamwork by a group of family members collaborating in lockstep for the good of the entire enterprise. It also requires advisors working...
