Still consulting on REOP and income trusts and backing away from TPSPs
Ottawa to ramp up efforts against offshore tax havens
Up to $18,000 next year and $22,000 by 2010
Extensive reform of disability tax credit and RESPs promised
In today’s budget, Ottawa proposes removing the requirement to collapse life income funds at age 80 for former employees of federally regulated industries, such as banks, federal crown corporations and telecommunication companies.Present regulations of the federal Pension Benefits Standards Act stipulate that locked-in RRSPs must be converted into LIFs when the beneficiary reaches age 69. […]
Maintain committment to department spending controls
Ottawa should take measures to encourage philanthropy, say trust & estate practitioners
“Large corporations tax" on financial institutions should be eliminated
Supreme Court denies leave to appeal Ontario Court decision giving protection to beneficaries against creditors
Advice wrongfully given to competing client says BC Court