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18 Feb

2022: Important Changes to Wills and Power of Attorney Legislation

Friday, February 18, 2022Greg Farano LLB, CFA, TEP, Lindsay Ann Histrop, Ian SpiegelBusiness Law, Corporate LawWills

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Significant changes have recently been made to the Succession Law Reform Act (“SLRA”) and Substitute Decisions Act, 1992 (“SDA”). Estates lawyers and clients looking for estate planning advice should

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20 Jan

Update: New Reporting Requirements For Trusts

Thursday, January 20, 2022Greg Farano LLB, CFA, TEP, Lindsay Ann Histrop, Ian SpiegelBusiness Law, Corporate LawTrusts

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In a previous blog post, we discussed the proposed new T3 Trust Income Tax and Information Return reporting and filing requirements for certain express trusts. These changes

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22 Dec

Distribution under ambiguous disposition provision in Will made on a per stirpes basis

Wednesday, December 22, 2021Stephen A. Thiele, Howard Wolch, Lindsay Ann Histrop, Eli BordmanLitigationWills, Interpretation

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A Last Will and Testament is an important document that, among other things, permits the smooth distribution of a person’s estate after his or her death. It is, of course,...

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3 Dec

Treatment of Digital Assets on Death

Friday, December 3, 2021Lindsay Ann HistropBusiness Law, Corporate LawSocial Media, Etherium, Litecoin, Ripple, Cardano, Dogecoin, Non-Fungible Tokens (NFT)

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“Water is a useful metaphor for digital assets; they are just as fluid, ever-changing, and dynamic, which presents both...

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30 Jul

Opportunity for Increased Tax Savings from Income Splitting with a 1% Prescribed Rate Loan

Thursday, July 30, 2020Lindsay Ann HistropCorporate LawIncome Splitting, Tax Savings

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In this blog we will explain how you may be able to benefit from a 1% prescribed-rate loan to split income with certain family members who are taxed at a lower marginal rate.

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14 May

The Ontario government continues to modernize the way in which documents can be executed and sworn

Thursday, May 14, 2020Stephen A. Thiele, Lindsay Ann Histrop, Jennifer SearleBusiness Law, Corporate LawCOVID-19, Wills, Powers of Attorney, State of Emergency, Bill 190, Notaries Act, Commissioner for Taking Affidavits Act

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The COVID-19 health emergency continues to cause the Ontario government to modernize legislation and to bring it into conformity with our technological world.

On May 12, 2020, the Ontario government passed Bill 190, the COVID-19 Response and Reforms to Modernize Ontario Act, 2020.

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27 Apr

Tax Planning Opportunities in a Depressed Market

Monday, April 27, 2020Greg Farano LLB, CFA, TEP, Lindsay Ann HistropCorporate LawIncome Splitting, Capital Losses, Capital Gains, Prescribed Rate Loan Structure

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The recent decline in financial markets may present opportunities to obtain refunds of tax paid in prior years. They may also present opportunities for income-splitting if...

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13 Apr

Virtual Signatures for Wills and Powers of Attorney Now Allowed

Monday, April 13, 2020Lindsay Ann HistropCorporate LawCOVID-19, Wills, Powers of Attorney, Succession Law Reform Act, Substitute Decisions Act

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As the COVID-19 health emergency continues to create financial uncertainty because of the shutdown of non-essential businesses, layoffs and reductions in pay, it is understandable that people are concerned about...

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13 Apr

COVID-19 Provides Rare Opportunity for an Estate Freeze

Monday, April 13, 2020William S. Bernstein, Lorne Saltman, James M. Parks, Greg Farano LLB, CFA, TEP, Lindsay Ann HistropCorporate Law, Income Tax ActCOVID-19, Wills, Estate Freeze

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COVID-19 has resulted in significant decreases to the value of many assets, including marketable securities, private businesses and real estate. This provides an opportunity to implement an estate freeze at low values, which allows for future savings in income tax.

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