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Get repaid for funding a child’s education

Setting up a trust account to fund an athletic child’s educational expenses is akin to gifting the money. Parents who want to be repaid should…

Rules for donating art

Rules for donating art are strict, but the tax benefits can be beautiful

Advisor Confidential | Madeline Woodhead

Title: Wealth Advisor, Forrest-Wood Private Wealth Management, ScotiaMcLeod

4 tax tips for clients who own U.S. property

Warn clients that owning property located beyond Canadian borders doesn't mean it's outside CRA's grasp.

  • By: Staff
  • October 28, 2014 August 21, 2018
  • 10:01

One way to protect the matrimonial home

Matrimonial homes are subject to special rules regarding equalizing family property.

Take this estate planning quiz

Test your knowledge of wills, trusts and estates.

Using multiple wills for probate planning

Don’t go overboard

Give the gift of life

A client called me earlier this year with a strange question. He wanted to know if donating an organ or a piece of an organ…

Wealthy and famous? Beware marriage blunders

Disagreements over marriage contracts can end relationships. But for NHL players and their partners, such documents are must-haves.

  • By: Katie Keir
  • October 3, 2014 August 21, 2018
  • 00:08

Advising clients with short careers

How to help ultra-high earners with short careers

Advantages of testamentary trusts

Despite proposed tax-rate changes, they’re still effective

Estate pitfalls for common-law partners

Not all relationships are treated equally

Owning investments jointly with adult children

Complications abound, so be careful

Should business owners donate through their corporations?

Let’s consider three examples to see which is better

Top 5 estate administration mistakes

Help executors avoid these common errors.

Should your client incorporate?

Using an investment corporation to hold a portfolio can have tax advantages. But those advantages vary, depending on where clients live and what they invest…

Handling life insurance proceeds

Advisors often recommend life insurance based on the fact that it’s easy for heirs to collect policy benefits. But executors, known as estate trustees in…

What not to do in estate planning

Avoid common mistakes

Protect philanthropic clients

Make sure charitable bequests are honoured.

Understanding divorce and bankruptcy

As an advisor, it’s your job to prepare couples for their worst-case scenarios in the event they split.

Prevent estate battles

No matter how well someone crafts her estate plan, ex-spouses, disgruntled business partners, estranged children and misguided family members can still challenge her wishes. Estate…

Got Snowbirds? Check these tax changes

On October 31, the IRS released inflation adjustments for more than 40 tax provisions.

Alternatives to testamentary trusts

Big changes to CRA’s rules for testamentary trusts take effect in 2016.

3 estate planning mistakes

The best way to learn is through mistakes. So here are three common estate planning offences.

Your clients will inherit $100,000

Are you preparing your clients to handle their inheritances responsibly?

  • By: Staff
  • July 8, 2014 August 21, 2018
  • 05:59