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Friday, July 23, 2021 @ 2:24 PM

National Summit on Islamophobia leads to funding for anti-racism projects

The federal government has committed to support eight projects through the Anti-Racism Action Program to “address Islamophobia and aim to remove systemic barriers faced by Muslim communities.” According to a government release, issued July 22, the government’s announcement was made as part of the National Summit on Islamophobia. ... [read more]

Wednesday, July 21, 2021 @ 8:43 AM

Digital assets inventory: Fiduciaries, executors need more than passwords Laptop with gold bars on the screen

One of the most common misconceptions I see in estate planning is that people believe that their spouse, partner or child can simply use the deceased’s passwords to log in to access financial accounts. Even if the accounts are joint, attempting access via the deceased’s passwords will likely violate the terms of service with the institution. If clients have joint accounts, each individual user should be using their own login credentials to manage that account. And this applies to fiduciaries. ... [read more]

Friday, July 16, 2021 @ 12:13 PM

B.C. Supreme Court scheduling system broken, has been for a long time | Kyla Lee

On the second Tuesday of every month, alarm clocks across the province go off early. Lawyers, legal assistants, paralegals and self-represented individuals get out of bed early, make a big cup of coffee and start to engage in finger stretching exercises. ... [read more]

Thursday, July 15, 2021 @ 10:10 AM

Incorporating in Quebec: Pros, cons Quebec Canada flags

Incorporating in la belle province or in Canada? C’est la question. Canada is well positioned for business organizations with its ethnic heterogeneity; vast geography and resources; and the masses living in principal markets. Je me souviens. Quebec is distinct in culture, language, marketplace and legal systems, both the common and civil law. ... [read more]

Wednesday, July 14, 2021 @ 2:10 PM

Opportunities for intergenerational transfers of businesses after enactment of Bill C-208 Father and son family business showing money and target

Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation), was a private member’s bill that received royal assent on June 28, 2021. ... [read more]

Wednesday, July 14, 2021 @ 8:29 AM

When it’s time for a trust to follow beneficiaries south Hand shielding money with an umbrella

In the estate context, it’s not easy dealing with trusts where U.S. beneficiaries are involved. U.S. beneficiaries can seriously complicate an estate plan, particularly regarding ongoing trusts. In a previous article, Estate Planning When a Child Moves to the U.S., I discussed the tax implications and Canadian tax filings which can arise where there are U.S. resident beneficiaries of a Canadian estate. This article discusses the potential for migrating a Canadian trust to the U.S. where the trust has U.S. beneficiaries. ... [read more]

Tuesday, July 13, 2021 @ 8:35 AM

Wellness: Five money lessons every young lawyer should know | Darryl Singer

Like it or not, money factors into so many parts of our careers as lawyers. As a mentor to countless students and juniors over the years, I have come up with a number of pieces of financial wisdom which I now routinely pass along to all of them. ... [read more]

Monday, July 12, 2021 @ 1:44 PM

Top legal tech trends to watch for in 2021  Lawyer looking into future with telescope

Digitization continues to change the world at a fast pace. Digital technology has played a significant role in every aspect across businesses and industries, influencing time management, productivity, costs, etc. If we talk about the legal sector, legal professionals are becoming more open to and comfortable with technology. They recognize the benefits of streamlining time-consuming tasks and increasing work efficiency using various legal software programs. ... [read more]

Monday, July 12, 2021 @ 1:41 PM

Insight from U.S. studies on privatization of Native American lands Sketch of house

In contrast to Canadian studies on modern treaties, studies on the effect of private ownership of Indigenous lands in the U.S. have also shown mixed results. In Christian Dippel’s 2020 study, the authors analyzed the impact of non-transferable property rights on land development of communally owned tribal lands, allotted-trust lands (most comparable to Canada’s certificates of possession) and fee simple Native American lands. Their research showed that land-use efficiency for communally owned tribal lands, although lower than fee simple lands, was higher than allotted trust. ... [read more]

Friday, July 09, 2021 @ 11:57 AM

Running back to happiness | Evert Akkerman

One of the lessons from the pandemic is the importance of fresh air and physical exercise for our well-being. Case in point, I recently read an article in Life magazine of Feb. 22, 1963, which featured the famous 50-mile hike that President John F. Kennedy reintroduced as a fitness challenge for the military. Life interviewed a Capt. C.D. Laaksonen, who had been an infantry company commander at age 29. Laaksonen’s rules for good health were simple: “I smoke about a pack a day, and a few cigars, and I drink an average of 15 10-ounce glasses of beer every evening except weekends, when it’s more. Also, I do a hell of a lot of marching.” ... [read more]