Articles & Resources
Bare Trusts – the saga continues…
Awhile back, I wrote an article on bare trusts and the changes to tax filing obligations for bare trusts. By way of reminder, a bare trust is a trust relationship characterized by the following hallmarks: Bare trusts are common in everyday life. For example, bare trusts include the following fairly typical arrangements: The above reflects […]
Is Mediation Right For You?
Mediation is a dispute resolution process that many people choose or are required to participate in when they are involved in a legal dispute. In Saskatchewan, all civil lawsuits are required to participate in mediation once the claim and defence are filed. This mediation is provided through the province and is at no charge to […]
Incorporating a Farming Partnership and the Use of the Capital Gains Exemption
Incorporating a farming partnership can be beneficial for several reasons including the potential to benefit from utilizing the partners’ capital gains exemptions (the “CGE”) with proper tax planning. For farmers that operate as sole proprietors rather than through a partnership, there is no need to worry, as it is often possible to restructure your proprietorship […]
Advantages of Retaining an Estate Lawyer
When you are appointed executor of an estate, there are many advantages to retaining an estate lawyer to assist you with your duties. In particular, if you do not have experience preparing the necessary documents to be filed with the court in order to obtain Letters Probate, you may find that the process is overwhelming […]
Bare Trusts
Time to Pay Attention to Bare Trusts What is a Bare Trust? A bare trust is a trust relationship characterized by the following hallmarks: One Example of a Bare Trust A common reframe we hear from our more senior clients is the desire to avoid probate fees when they pass away. Jointly-held assets are not […]
Hot Topics in Estate Planning Continued
We often hear about how we should be working on our “estate planning”. But what does that really mean? It is important to recognize that “estate planning” is about more than just making your Will. There are actually a number of factors that go into the creation of a successful plan. This article highlights a […]