Charitable Donation Planning in 2016
There have been a number of recent amendments and proposed amendments to the Income Tax Act that may significantly impact estate plans involving charitable gifts ... Continued
The 21 Year Deemed Disposition Rule
There are strategies to address the tax consequences for trusts that arise every 21 years.
Qualified Disability Trusts
Qualified disability trusts are exempt from new tax rules that make trusts subject to the highest marginal rate.
Donations of Private Company Shares
The budget proposed changes to extend capital gains tax exemptions where the proceeds from the sale of private company shares and real estate are donated to charity
Charitable Gifts Involving Private Company Shares or Real Estate
Proposed amendment to ITA in 2015 budget affects registered charities and donors.
Shareholders Agreements & CCPC Status
Discusses the case of Bagtech Inc. v. R where the court confirmed that shareholder agreement can be taken into account in determining CCPC status, as long as the agreement qualifies as a unanimous shareholder agreement
The Lifetime Capital Gains Exemption
In order to qualify for the lifetime capital gains exemption, the shares must pass three separate tests
Trusts: Common Attacks on their Validity & How to Avoid Them
An inter vivos trust (such as a family trust) is created when an individual (called the settlor) transfers property to a trustee to be held ... Continued
Bill C-43 Receives Royal Assent
Bill C-43 implements tax amendments regarding testamentary trusts and donation tax credits.
Proposed Changes Impacting Charitable Giving
Changes provide flexibility so that charitable donation tax credits can be used by the deceased or the deceased’s estate.
Areet Kaila article republished in The Legal Edge
If you are negotiating a contract, you should read Areet Kaila’s article entitled, “The Accidental Contract?“. This article has recently been republished by The Legal ... Continued
WESA Summary
Clark Wilson’s Wealth Preservation Group has prepared a summary of the new WESA