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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 Law, Tax and Estate PlanningIncome 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, 2020Lindsay Ann HistropBusiness Law, Corporate Law, Tax and Estate PlanningCOVID-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, 2020Lindsay Ann HistropCorporate Law, Tax and Estate Planning, Tax 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

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 Act, Estate Planning, Tax and Estate Planning, Tax LawCOVID-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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