Transfers of property to a trust generally constitute a disposition of the property at fair market value (1). The disposition triggers the realization of any accrued capital gains, which results in income taxes becoming payable. The current exception to this rule is the rollover of property to a trust for the benefit of a spouse…
Introduction – One in two men and one in three women aged 40 and over will develop coronary heart disease in their lifetime. 95% survive the first heart attack. – One in three Canadians will develop a life threatening cancer. 75% will survive. – One in four Canadians will suffer from a stoke-related illness. 75%…
Think back 4 years ago. Before 9/11, SARS, Mad Cow Disease, Avian Flu, Enron, Worldcom, Pine Beetles, Softwood Lumber Duties ….. The world has forever changed. Risk is now a way of life. The impact on our personal lives and businesses has been immense. Given the unprecedented level of uncertainty we all live with, we…
“The trouble with the future is that it usually arrives before we are ready for it.” Andrew H. Glasgow For many years advisors have been counselling clients to have a properly prepared and executed will as the cornerstone of their planning. While it will always be important to have a will,…