News and resources for Canada's top financial advisors
Est. 1998
Estate Planning
Star Wars creator George Lucas recently sold his franchise to Disney in a $4.05 billion cash deal. Many estate planning experts are calling the “move worthy of a Jedi Master,” reports marketwatch.com. None of Lucas’s three adopted children wanted to take over the empire, so the strategy will save them the hassles of managing their […]
By Wire services |November 6, 2012
1 min read
Many Ontario estate planners tell clients to consider drafting dual wills to reduce probate taxes.
By John Lorinc |November 1, 2012
5 min read
A personal representative (executor in some jurisdictions, estate trustee in Ontario, liquidator in Quebec) must deal with estate debts, potential claims against the estate and taxes when a loved one passes.
By Tim Brisibe |October 22, 2012
3 min read
A full work up of a company’s worth helps owners avoid risks and penalties
By Sondra Stewart |September 10, 2012
With proper tax planning, you can reduce the amount of taxes payable on your property. But, improper planning can cost you a whole lot more; one B.C. couple's ill-advised plans cost them $700,000.
By Mark Weisleder |August 21, 2012
2 min read
Splitting income inside a trust trims tax for your beneficiaries
August 13, 2012
One in ten Canadians are looking after the finances of a family member or close friend, finds a CIBC poll. But 31% of those doing so have no formal or legal agreement.
By Staff |July 27, 2012
It's difficult to distinguish an estate from other trusts
By Jamie Golombek |May 18, 2012
The income tax act provides that a charitable gift gives rise to a donation tax credit in the calendar year in which the gift was made. And, to the extent the donation tax credit is not claimed in that year, it may be carried forward and claimed in any of the donor’s five succeeding taxation years.
By Barry Corbin |April 1, 2012
Your clients may think trusts are just for the rich or for those with complex affairs. But this is not the case. So, here are some tips on how to use them.
By Douglas Gray |January 30, 2012
4 min read
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