On March 28, 2024, the Canada Revenue Agency (CRA) announced that it will exempt “bare trusts” from the updated trust reporting rules for 2023. For more information on the trust … Read More
Administering the estate of a loved one can be a challenging and lengthy process.
The person administering an estate will be tasked with, among other things, compiling the assets of the … Read More
There has been considerable press coverage of the Canada Revenue Agency’s new trust reporting requirements, which have come into effect and apply to trusts with year-ends December 31, 2023 and … Read More
The role and responsibilities of a personal representative (executor) in estate matters can be complex, challenging and emotional – especially when that person is a spouse or child of the … Read More
Estate planning can be an overwhelming process. With so many options and so much information available, it can be difficult to know where to start.
Popular estate and tax planning tools, … Read More
Getting married could invalidate your will, which would mean it would be “revoked” and no longer in effect when you die.
In Manitoba, if you get married after your will has … Read More
If you’re considering retirement or expanding your farming operation, a joint venture arrangement may give you some much-needed flexibility and offer tax advantages.
A joint venture has some similarities to a … Read More
Authors: Sam Amelio, Harmanjit Mavi, Jayde K. Morello
Alberta’s new Trustee Act (the “New Act”) received Royal Assent and came into force on February 1, 2023, streamlining the province’s trust laws and imposing … Read More
This blog provides an overview of estate freezes, what an estate freeze is, the tax and non-tax benefits, and the negative consequences of freezing too early.
What is an Estate Freeze?
Estate … Read More
Family enterprises are unique, and family business issues can be complicated to navigate due in part to competing interests. For family business owners that are planning for succession and inter-generational … Read More
