Understanding your exposure to U.S. estate tax

U.S. estate tax for Canadians in 2019

October 16, 2019 |Aaron Fennell

Did you know that Canadians owning U.S. property such as stock of a U.S. corporation, a yacht in Florida or a ski chalet in Colorado may be subject to U.S. estate tax upon their death?

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U.S. residency – Canadians travelling to the U.S. beware

U.S. residency – Canadians travelling to the U.S. beware

October 15, 2019 |Aaron Fennell

There is a popular misconception that Canadians can spend up to 182 days per year in the U.S. without being considered a resident for income tax purposes.

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Understanding your responsibilities as an attorney, executor or trustee

Understanding your responsibilities as an attorney, executor or trustee

October 12, 2019 |Aaron Fennell

Many people do not have the knowledge, interest or time to properly fulfil their responsibilities as an Attorney, Executor or Trustee. You can help alleviate the burden by keeping family and friends of your loved one informed...

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Canadian vacation property succession planning

October 11, 2019 |Aaron Fennell

Canadians receive great personal enjoyment from their vacation property. Some owners feel it is important to keep the vacation property within the family and need help planning how to transfer ownership to younger family members.

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Registered Retirement Savings Plan (RRSP) maturity options

October 10, 2019 |Aaron Fennell

Although you may wind-up your RRSP at any time, you are required to mature your RRSP by December 31 of the year you turn 71. This article discusses the RRSP maturity options available to you as well as some of the considerations...

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RRSP strategies at age 71

RRSP strategies at age 71

October 09, 2019 |Aaron Fennell

Even though you must wind up your RRSP in the year you turn 71, this does not necessarily mean that you can no longer benefit from RRSP deductions. The following strategies can be used, even after 71, as long as you still have RRSP contribution room

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Business owners borrowing to invest

Business owners borrowing to invest, Interest deductibility rules

October 08, 2019 |Aaron Fennell

Your business may borrow money for various reasons including capital injection, purchasing capital assets, and refinancing debt. The purpose of this article is to provide information with respect to commonly asked interest deductibility issues...

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Succeeding in Succession

Succeeding in Succession, A guide to keeping family harmony through your business transition

October 07, 2019 |Aaron Fennell

A guide to keeping family harmony through your business transition. To my children or not to my children? ... That is the question How do I maintain family harmony and cohesion? Contingency planning How do I start?

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Creating a lasting impact

Creating a lasting impact - Incorporating charitable and philanthropic giving into wealth transfer planning

October 04, 2019 |Aaron Fennell

Supporting a cause that’s important to you. Doing a good deed to pay it forward. Helping those in need after a life-changing disaster or event. Giving back by volunteering your time. Making a difference by donating to a charity you are inspired by.

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Charitable donations of securities

Charitable donations of securities - Gifting shares instead of cash could enhance your tax benefit

October 03, 2019 |Aaron Fennell

When you donate a publicly listed security with accrued capital gains, you benefit from the elimination of the capital gain tax plus the donation tax credit.

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