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Latest news in Estate Planning

Chateau Frontenac in Quebec city, Canada

Quebec extends tax for financial institutions, drops small biz tax rate

The finance minister forecast a deficit of $12.3 billion this fiscal year

Can a trust avoid tax on a deceased person’s RRSP?

A trustee’s tax liability has limits, a court case suggests

Closeup of paper man pushing tax wooden block on table against gray background

RRSPs, RRIFs and withholding taxes at death

The absence of withholding taxes can create unexpected consequences if no planning is done

Canada and USA Flag

Wills and power of attorney for cross-border clients

Planning for foreign assets may require multiple documents

father and son

The secret to using secret trusts

Clients considering the strategy must take extra care

Ontario could join other provinces in letting courts save invalid wills

Some estate experts argue changing the law could lead to unintended consequences

Sir Oliver Mowat statue at the Ontario Legislative Building in Toronto

Ontario survivors could now receive more if their spouses die without a will

Ontario raised preferential share to $350,000 as of March 1

Businessman falling into a financial safety net. Business concept cartoon illustration.

Severance planning: What your client should consider

Use these tips for discussions and decision-making

gavel on a wooden bench

Ontario raises small estate limit to $150,000

The change takes effect April 1

nesting toy

Breaking down the duty to inform

Regularly providing information to beneficiaries — and keeping records — will go a long way

White chess pawn with the shadow of a king

Chess and retirement planning

The decumulation game requires a dynamic strategy

Tax problems business and financial concept as a businessman on a road to success blocked by a brick wall with the word taxes painted on the surface as a metaphor for finance issues as an adversity to growth.

Tax consequences when your client leaves Canada

Planning helps reduce the negative impacts


Restraints to testamentary freedom when drafting a will

Help your client avoid these pitfalls

Bridge to Canada Sign

Transferring a 401(k) or IRA to Canada

Issues and strategies for Canadians thinking about transferring their U.S.-based retirement plans

coins in a row

Pandemic complicates discretionary trust payouts

Trustees must balance the interests of income and capital beneficiaries amid economic uncertainty

Effective beneficiary designations when converting RRSPs to RRIFs

Help your client avoid these estate planning pitfalls

  • By: Tim Brisibe
  • October 2, 2020 September 30, 2020
  • 09:00
Close up business man signing contract making a deal, classic business

Ontario consults on estate law reform

The province is considering whether to make virtual document signing permanent and whether marriage should still revoke a will


Court decision casts doubt over beneficiary designations

A judge found that a father’s RRIF belonged to the estate rather than son named on plan

Close-up of smiling mature woman with daughter at park

Renting to a child while living in long-term care

Find out if your client is still eligible for the PRE

Interracial gay couple arguing

Cohabitation and property division in Ontario

The pandemic provides an opportunity for client discussion


Why to avoid a foreign executor

In most cases the additional costs — and headaches — aren’t worth it

portrait of a senior woman standing with a small tree

How to unlock a life income fund

If clients need liquidity, there are options

Senior Couple With Financial Advisor At Home

When does an enduring power of attorney become active?

Knowing the answer will help you and your client prepare for incapacity

Bakery owners

TOSI exceptions for your business-owner client

Find out what the CRA says about investment income and selling a business

New trust reporting and disclosure rules are coming

The idea of a “private” trust will slip from the vernacular in 2021, as the government gains new information