Tax

Do’s and don’ts for advising trusts

Reader Alert: This is a follow-up story to ‘Puppet Trustees’ Get a Second Chance. Two lower court rulings in the Garron Family Trust et al. v. The Queen case established central management and control of trust assets, rather than the residence of trustees, as the key test for determining the residence of a trust. That […]

By Dean DiSpalatro |July 8, 2011

5 min read

“Puppet trustees” get another chance

The practice of sheltering income from Canada’s tax man by setting up what amount to nominal trustees in a tax haven like Barbados was dealt a severe blow in a recent court case. But the Supreme Court of Canada has decided to hear the case anew, a decision that may breathe new life into a […]

By Dean DiSpalatro |July 6, 2011

3 min read

Retirement income: Back-to-back annuities

Set it up and leave it alone?

By Melissa Shin |July 5, 2011

9 min read

The case for spousal RRSPs

With the advent of pension income splitting in 2007, many think spousal RRSPs aren’t necessary

By Gena Katz |June 24, 2011

3 min read