Utilizing Spousal Trusts for Estate Planning
If capital property of a taxpayer is transferred to a qualifying inter vivos spousal trust, s.73(1) of the ITA permits the property to be transferred at its adjusted cost base. …
Estate Planning
Estate Tax Planning: RRSPs and Rollovers
Registered Retirement Savings Plans (RRSPs) In Canada, like non-depreciable capital property and depreciable capital property, a spousal rollover is available for RRSPs. Money directly received by the spouse (as opposed …
Keeping your Trusts Clean
Cleansing Tainted Trusts In Canada, a qualifying spousal trust could inadvertently lose its special status by inadvertently putting capital in the hands of persons other than the spouse. In such situations, the Income …