Help your client with tax-efficient charitable giving
Use these tips to make the most of a donation tax credit
- By: Jacqueline Power
- November 23, 2021 November 23, 2021
- 16:18
Use these tips to make the most of a donation tax credit
Parents are helping children buy houses and start businesses
The collaboration provides clients who need basic estate planning an affordable, online option
Some want to see loved ones enjoy their inheritance, while others are motivated by financial need
From sports memorabilia to vintage cars, treasured items require special attention
Keeping it in the family and maintaining harmony
Experts divided over whether streamlined application forms will make applying easier
If a will doesn’t address compensation, then provincial statutes, case law or set guidelines govern how much an executor can receive
Contributions and loans to a graduated rate estate can have tax consequences
A change in use could result in a deemed disposition
Consider the tax consequences before transferring property after a separation
Stakeholders want it to be clear that beneficiary designations indicate the deceased's wishes
The decision in Mak (Estate) v Mak differs from the controversial Calmusky ruling
Adult twins who were disinherited by their dad have been granted 70% of his estate by a B.C. judge
Clients may need to revise their wills if they’ve named out-of-jurisdiction executors
New rules may allow more executors without a legal background to apply for probate
Knowing the answer can help maximize your client’s wealth
Bill 245 has received royal assent, which also means that Ontario is a substantive compliance province and virtual will witnessing is permanent
The finance minister forecast a deficit of $12.3 billion this fiscal year
A trustee’s tax liability has limits, a court case suggests
The absence of withholding taxes can create unexpected consequences if no planning is done
Planning for foreign assets may require multiple documents
Clients considering the strategy must take extra care
Some estate experts argue changing the law could lead to unintended consequences
Ontario raised preferential share to $350,000 as of March 1