October 16, 2024
A business succession story – As told by the Tax Court
A tax case chronicles the story of a family business succession with a happy ending.
October 2, 2024
CRA Guidance on Mandatory Disclosure – Contingent fees
CRA guidance on mandatory reporting says referral fees in respect of estate freeze transactions and the acquisition of life insurance do not require mandatory reporting. Positive for mainstream non-aggressive tax planning connected to life insurance…
July 31, 2024
Legislative loose ends
For an update on enacted tax legislation and some of the loose ends we’ve been following.
March 27, 2024
The new GAAR is already getting warmer
More good news from the CRA on the new GAAR. Common tax and estate planning transactions that were not GAAR-able before are not going to be GAAR-able now.
December 14, 2023
Tax Legislation tabled – Some highlights
Bill C-59 implementing many measures from the 2023 Federal Budget is in progress. Here are our comments on some of the highlights.
November 15, 2023
What does life insurance have to do with proposed intergenerational business transfers? – Lots
The business succession tsunami (See: Succession Tsunami: Preparing for a decade of small business transitions in Canada (cfib-fcei.ca) expected in the next decade in Canada should not come as a surprise. Demographic factors, growth in…
October 26, 2023
Looking back and looking forward
Over the past 30 years the acceptance and deployment of life insurance within estate and business succession planning has blossomed. In large part, we attribute this increased utilization to a greater understanding of the unique…
