by import | Nov 15, 2015 | Blog, Estate Planning, Tax Planning
Estate, trust and tax planners have long favoured testamentary trusts as vehicles to pass along assets to beneficiaries or heirs. A testamentary trust is generally a trust or estate that is created the day a person dies. Commonly, these trusts are established in a...
by import | Oct 15, 2015 | Blog, Corporate Insurance, Estate Planning
If you are the owner of a successful company it is likely that you have retained profits or surplus cash in your corporation. If this is the case, chances are also good that this invested surplus is exposed to a high rate of corporate income tax. If this describes...
by import | Jul 31, 2015 | Blog, Estate Planning, Life Insurance
Or so the saying goes. This certainly is true in Canada where there is a “deemed disposition” when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this...
by import | Oct 31, 2014 | Blog, Estate Planning
In today’s family, it is not unusual for spouses to enter the marriage with children from previous relationships. Parents work hard at getting these children to functionally blend together to create a happy family environment. Often overlooked is what happens on the...
by import | Mar 22, 2014 | Blog, Estate Planning, Life Insurance, Whole Life
Recent developments in investment markets and the resulting poor performance have brought about a new appeal to an old workhorse. For investors looking for a diversification in their investment portfolio and a more tax efficient fixed income investment alternative, a...
by import | Feb 27, 2014 | Blog, Estate Planning, Tax Planning
The Canadian income tax system is structured in such a way that taxpayers and their estates are often liable to pay significant taxes upon their death. These taxes can represent a large proportion of the value of the deceased’s estate and can significantly reduce the...
