Thursday, November 03, 2011 by Dave Cesmystruk Comments (0)
As complex as the Income Tax Act is, especially in the area of dealing with estates and trusts and the threat of income tax, the executor and/or trustee in most instances will hire an advisor to help them through the myriad of rules and regulations and to minimize their risk. View the full blog post
Tuesday, September 27, 2011 by Brian Posthumus Comments (0)
A question business owners often ask is whether minor children should be shareholders in the family business corporation. Usually, this is a tax motivated question, in that the higher income parents wish to access the lower marginal tax rate of their minor children. View the full blog post
Thursday, September 22, 2011 by Keith Vincent Comments (0)
The planning relies on two key facts: First, The Income Tax Act treats a trust as a separate taxpayer and second, the Income Tax Act allows for property to roll over to a spouse on death. View the full blog post