Topics
In this Section
Author Archives: Glenn Fabello, B.A. Econ, CFP
Trustee Investment Duties
As fiduciaries, executors and trustees owe numerous duties to both the estate and to its beneficiaries. This article addresses a particular trustee duty, namely the duty to invest the trust property. A trustee is required to obey the trust deed … Continue reading
Posted in Educational Resources
Comments Off on Trustee Investment Duties
Part 2 – TFSA Designation at Death… Simple? Nope!
In Part 1 of the articles, I highlighted the importance of choosing a benefactor for your TFSA and the tax outcome with each type. I will continue with the three remaining methods of how to transfer your TFSA upon death. … Continue reading
Posted in Educational Resources
Comments Off on Part 2 – TFSA Designation at Death… Simple? Nope!
TFSA Designation at Death…Simple? Nope!
The introduction of the Tax-Free Savings Account (TFSA) from the Conservative government in 2009 provided all Canadians with the opportunity to accumulate monies tax-sheltered and tax-free upon withdrawal. It can be a great source of tax-free retirement income preventing or … Continue reading
Posted in Educational Resources
Comments Off on TFSA Designation at Death…Simple? Nope!
Minor Beneficiaries
Statistics Canada has forecasted $1 trillion in personal wealth to be transferred to the next generation from 2016 to 2026, with Minors being the benefactors. When assets are left to a minor, either as a beneficiary of a Will or … Continue reading
Posted in Estate and Succession Planning
Comments Off on Minor Beneficiaries
Changes to Ontario’s Estate Administration Tax Act
From Jan. 1, 2015 various changes relating to the Estate Administration Tax Act have become effective. While these changes seem administrative in nature, a deeper look reveals they can make estate administration and the probate process more onerous, costly and … Continue reading
Posted in Educational Resources
Comments Off on Changes to Ontario’s Estate Administration Tax Act