Vehicle should not be considered an asset in determining eligibility for subsidized housing, court finds
Beginning in 2021, most family trusts will be required to file tax returns with the CRA even if those trusts don't earn income or make distributions. The CRA also is seeking more information about settlors, trustees and beneficiaries
The CRA recommends trust administrators start filing online because it’s a much simpler and faster process
The proposals concern investment funds, charitable donations and spousal trusts
New tax rules may cause spousal trust assets to be taxed in the hands of someone who does not receive the assets
This type of trust can be especially useful for clients with blended families
For clients 65 and older, these living trusts can provide a number of important advantages
A review of the key types of trusts and how they are used in financial planning
A wealthy family looks for advice about how to reduce taxes on future capital gains, including transferring the anticipated increase in the appreciation in the husband's shares in the firm in which he works to his wife and the three children
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