Reversionary Trusts Trusts are meant to hold property for the benefit of someone (beneficiary) other than the person who put that property in the trust (settlor). So, from the moment...
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Use of family trusts The Income Tax Act (ITA) provides for over 50 different types of trusts. Each type is used for different purposes and for different circumstances. Different rules...
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7 Reasons you should make an estate plan An estate planning is not only for the rich and not only about dying and what you are leaving behind – it’s...
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Timing of Departure from Canada There is a number of Canadian income tax rules that should be considered and their consequences optimized to make emigration from Canada as economically effective...
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Departure tax Deemed dispositions When a person is ceasing to be a resident of Canada, a person is deemed to have disposed of certain types of property at their fair market...
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Ownership of Intellectual Property The issue of intellectual property has recently came up in a few business sale and purchase files, so that I had to look into this and...
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Acquiring Corporation - Due Diligence In connection with a potential acquisition transaction, the following materials or information relating to the target company and any subsidiaries (together, the "Company") are typically...
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Asset Acquisition- Due Diligence Business report with magnifying glass, smartphone, calculator and pen In connection with a potential acquisition transaction, the following materials or information relating to the asset are typically...
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Where to keep your records, for how long and how to request the permission to destroy them early Last blog listed all the financial records that are required to be...
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What are records and who has to keep them? This note will list financial records that CRA requires to be kept and by whom. Next one will discuss where they...
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