This edition offers seven articles relevant to private businesses, executives and entrepreneurs. As always, colleagues listed at the end of this publication are happy to answer any questions that you may have.
We begin with two articles about residential properties. The first highlights the principal residence rules, which are surprisingly complex and warrant careful planning to maximize the benefit. The second deals with the GST/HST new housing rebate and rental rebates. These can significantly reduce the purchase cost of your new home or rental property.
Next, philanthropy. Read about the special tax breaks that may be available if you donate certified cultural property – certain art, books and archival material – to Canadian institutions. Learn how a charitable remainder trust may be an effective tool to help you achieve your philanthropic goals in a tax-efficient manner.
Two articles cover cross-border issues. One addresses those that arise when a beneficiary of the trust you so carefully set up as part of your estate plan decides to leave Canada. The other sheds light on the new streamlined voluntary disclosure program for non-compliant US citizens living outside that country.
Finally, you may feel honoured when a friend or relative asks you to be an executor of his or her estate – but do you really understand what is entailed? Our last article highlights some of your duties and responsibilities, should you decide to accept.
|Wealth and tax matters for individuals and private companies 2012, Issue 2 (1.47 MB)|
|Wealth and tax matters for individuals and private companies 2012, Issue 1 (1.23 MB)|
|Wealth and tax matters for individuals and private companies 2011, Issue 2 (1.13 MB)|
|Wealth and tax matters for individuals and private companies 2011, Issue 1 (1.38 MB)|
|Wealth and Tax Matters: Winter 2011 (782 KB)|