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Wills, Trusts & Estates

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Thursday, October 19, 2017 @ 3:46 PM

Morneau explains capital gains tax policy about-face

For the past two days, federal Finance Minister Bill Morneau has been making announcements to clarify the government's proposed changes to the tax system. On day three of his public relations campaign, Morneau addressed the issue of income and capital gains. ... [read more]

Thursday, October 19, 2017 @ 2:23 PM

B.C. reappoints Public Guardian and Trustee

The current Public Guardian and Trustee (PGT) of British Columbia, Catherine Romanko will be serving in the role for a second term. ... [read more]

Tuesday, October 17, 2017 @ 1:36 PM

Ontario proposes to allow 'social investments' by charities in Bill 154 Charities invest

While the province is to be commended for launching an initiative to facilitate the access of charitable capital for social investments, charities will want to closely monitor the progress of the Cutting Unnecessary Red Tape Act to ensure that a number of questions are addressed. ... [read more]

Monday, October 16, 2017 @ 3:38 PM

Feds announce tax break for small businesses

Starting in January 2018, Canadian small business owners can expect to see their federal tax bill drop. ... [read more]

Tuesday, October 10, 2017 @ 10:26 AM

'Historical' transfer of wealth to women highlights importance of estate planning Financial planning

Money-management trends from the Mad Men era, when men were the primary breadwinners and wealth managers, have been slow to change. With many women set to inherit money from their parents and spouses, it's crucial that they become more involved in family financial matters. ... [read more]

Monday, October 02, 2017 @ 7:50 AM

A lawyer’s role in estate disputes includes encouraging settlement when reasonable

Clients may think they want their estate litigator to be a shark, but with the vast majority of cases settling before trial, what they really need is someone who can effectively advocate on their behalf — and that usually means a lawyer who takes the high road. ... [read more]

Wednesday, September 27, 2017 @ 9:50 AM

Manitoba Law Reform Commission calls for comment on administration of small estates Elizabeth McCandless sm

Manitoba is one of the few provinces in the country that has dedicated legislation and procedures surrounding the administration of small estates after someone’s death. The Manitoba Law Reform Commission, however, believes that the legislation should be updated in order to enhance access to justice. ... [read more]

Monday, September 25, 2017 @ 10:58 AM

GREs offer flexibility in claiming tax credits, reward charitable giving in wills

In 2016, testamentary trusts lost the ability for income earned to be taxed at graduated rates, leaving them subject to tax at the highest marginal rate. A Graduated Rate Estate is meant to soften the blow. ... [read more]

Wednesday, September 20, 2017 @ 10:16 AM

Ontario hopes to moderate charity rule requiring court order for director payments

Fiduciary law, and the actions of a few unscrupulous operators, led to the current rule designed to protect the public by ensuring charitable property is not misused. But most charities are governed by well-intentioned individuals who can often provide assistance beyond governance. ... [read more]

Tuesday, September 12, 2017 @ 11:59 AM

Canada Revenue Agency offers voluntary disclosure for non-compliant charities

Charities Directorate needs to strengthen guidance to bring process into line with upcoming changes to program covering non-profits. ... [read more]